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The Trifendilema: A Double Edged Sword
There is a branch of economics that sees the role of US dollars as kind of a net negative for America. Some economists like Michael Pettis in particular have argued that it's led to a Halloween out of our current account deficits. And so should we kind of encourage de-dollarization by permitting, say, Bitcoin to be a legal tender? I don't see this ever happening anytime soon, but one could see the logic of it.