
The Offshore Global Dollar System | ft. Jeff Snider
Money & Macro Talks
The Eurodollar System and Elasticity
Demand for money and supply of money are dynamic, right? This is the age-old problem in any monetary system. The Eurodollar was a backdoor way to solve what was called Triffin's Paradox. It could be elastic based on the actual needs of the system as it developed. We're not even using physical currency or physical money; we're using electronic ledger claims.
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