The Dutch Economy - What's Going on Now?

In the netherlands, where the dutch economy ultimately they had the only reserve currency in least in western europe, the gilder. And then what happens is they lose their competitiveness. The british came along and copied from the dutch and found, oh, they coun make ships better and cheaper. Then they became the competitors. And then as the competitors are operating, they take market sher way, quite similar to lots of technology companies and what's going on now. In other words, americans get lent money because others want a whole dollars. And then that allows us, at's the exorbitant privilege, to get more and more in debt.