Why China's Doing It

I think that the keeping up with the Joneses argument is completely backwards. The fact that China's doing it creates an opportunity for distinctiveness for the dollar to remain the actual last reserve currency of the world if we don't subject ourselves to that same downward spiral. I think this is an electoral democratic accountability issue. It's going to take an uprising of everyday citizens to stand up and say, no, we're not doing that. No, thank you. We're not going to correct you.