Matteo Maggiori on the Global Capital Allocation Project, Exorbitant Privilege, and Dollar Runs
Macro Musings with David Beckworth
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Is There a Consequence of a Run on the Dollar?
The world wants lots of dollar denominated assets, and we're the main supplier, provider of us. Financial system. And i guess the concern is at some point we'll respond to that demand and provide these assets,. But there'll come a break, some kind of shock to expectation. Something's going to happen and there'll be a run on the dollar. Is that to fear that there'll be some kind of er the dollar, we'll depreciate? What's what's the ultimate outcome? That's a gread question.
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