How Governments Steal | The Lyn Alden Series | Episode 3 (WiM198)
The "What is Money?" Show
00:00
Is the ECB a Unified Currency Regime?
I just see this s like reinforce the exorbitant privilege, or driving people towards dollars if things get really nasty. Even in an environment where all currencies are depreciating, there 'ud still be a kind of this pressure towards one a overtime. The e c b has a list of criteria that countries have to meet if they want to have that tool used. But the way they list it, pretty much no country meets that any more. And at the end of the day, it comes down to, you know, yo'd rather not follow in the criteria. If their bond market gets disorderly, basly, if they don't defend it, that’s the end of
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