The benefit to the United States from the dollar serving as the world's reserve currency is enormous, and poorly understood. Congress has been foolishly pursuing fiscal policies that put it at risk.
What sort of fiscal policies are you referring to? If you're referring to things like FINCEN and FATCA, I would argue these only strengthen the reliability and dependence on the USD abroad.
Fiscal policy usually is a euphemism for deficit spending in this context (contrasted or complementary to monetary policy- primarily the setting of interest rates)
anonu|3 years ago
hammock|3 years ago