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6min chapter
Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)
The "What is Money?" Show
Do We Have a Deficiency Bill?
The trippan dilemma, essentially, framework shows you that if your currency is strong, is artificially strong, your exports won't do very well. So as we sank deeper and deeper into deficit, and our currency was artificially strengthened by my demand,. because everybody needed our debt as a reserve currency, post gold, right? Am, our export became extremely i mean, even though wages like have been stagnant since the seventies, like manfactured in then cturing, worlds like we just can't compete. The outcome of the treasury bill standard aren't just this ability to get other nations to pay for war abroad. But there is a harm that we undertake internally that causes crisis inside
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