Surveillance: Risk Management with McWilliams
Bloomberg Surveillance
00:00
The Economic Consequences of Dollar Primacy
Dali: We're on the cusp of doing something that great powers just don't do. They don't talk about default. And your measure of greatness is when no country questions whether you would ever do so. Dali: Dollar primacy is a national treasure. It allows us to fund our government at 20 to 50 basis points cheaper than it otherwise would. That adds up to real money, $150 billion for every 50 basis points on treasure yields.
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