Wonking Out: International Money Madness Strikes
Again
https://www.nytimes.com/2023/04/14/opinion/dollar-reserve-currency.html
In reality, however, the dollar’s role looks pretty secure — with one major caveat. I have no idea what will happen if, as seems all too possible, we end up defaulting on debt payments because a Republican House refuses to raise the debt ceiling. But it’s not likely to be good. Who will trust the currency of a nation that appears to have politically lost its mind?
But if that happens, the threat to the dollar’s reserve-currency status will be the least of our problems.
How Immigrants Are Saving the Economy
https://www.nytimes.com/2023/04/13/opinion/how-immigrants-are-saving-the-economy.html
https://www.nytimes.com/2023/04/14/opinion/dollar-reserve-currency.html
In reality, however, the dollar’s role looks pretty secure — with one major caveat. I have no idea what will happen if, as seems all too possible, we end up defaulting on debt payments because a Republican House refuses to raise the debt ceiling. But it’s not likely to be good. Who will trust the currency of a nation that appears to have politically lost its mind?
But if that happens, the threat to the dollar’s reserve-currency status will be the least of our problems.
How Immigrants Are Saving the Economy
https://www.nytimes.com/2023/04/13/opinion/how-immigrants-are-saving-the-economy.html