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Ep 2115 What If the Dollar Loses Its Reserve Status?

The Tom Woods Show

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The World's Reserve Currency

English is like the world's reserve language, because it facilitates a lot of international communication. The more people speak it, the more people will want to speak it, and so it builds on itself. If everybody's using the currency, everybody else wants to. Visi powerful network effect with respect to the dollar. It would never have happened but for the fact that the world likes to have a single currency at the free market liked tot of a single currency. And i'm tilting against the argument that the status of the dollar as the reserve currency is a political issue, that it's been imposed by government. We're screwed up our economy is always compared to what why? One of the

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