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211 - Understanding inflation through the man behind the FED in America

The David McWilliams Podcast

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Is the Dollar the Reserve Currency of the World?

The dollar is the reserve currency of the world, and what happens in the united states sets the cost of capital for most of the work. And there's a huge contingent of european politicians that want to see the euroe as a competitor to the dollar. So if you have a strong currency, your political power is extended. But still, despite the fact, and it's amazing, this amalgamated european economy is bigger than the united states economy. The fet has the cachet. It used to be the bind that', that's, that's a warning to everybody.

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