Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)
The "What is Money?" Show
00:00
Is the Uan Pegged to the Dollar a Problem in China?
There's a lot of stuff going on in china that's very unstable. They are doing all sorts of tervo charging their economy through bubble type stuff. There is the demographic implosion that they 're going to have, which is, you know, they had this one child policy. The uan has been pegged basically to the us. Dollar for most of the last several decades. And because china's economy traditionally has been export driven, they've been very wary to allowing the ua nto appreciate against a dollar and vice versa.
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