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26 sats \ 2 replies \ @denlillaapan OP 17 Apr \ parent \ on: Is Dollar Dominance Good for the U.S.? (Economic Forces, Josh Hendrickson) econ
good question... and "normally" is a little bit of a stretch... we've had, what, four large monetary shifts in the last 500 years. I'm not sure we know what normal counts for yet
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28 sats \ 1 reply \ @Undisciplined 17 Apr
Jeez, such a cop out.
I want answers writer guy.
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37 sats \ 0 replies \ @denlillaapan OP 17 Apr
yahz, yahz
We’ve only had three or four of these global monetary transitions, so it’s hard to assess Dalio’s claim that this is a universal pattern. And if so, what does it say about the renminbi? About currencies like bitcoin, which are unconnected to a nation state?
https://thedailyeconomy.org/article/the-long-cycles-in-markets-and-political-order/
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