Steven Kelly on Crises, Stability, and the Fed’s Role in Financial Markets
Macro Musings with David Beckworth
00:00
The Global Dollar System Provides the Public Good O the World
In the middle of the battle, you don't want to start getting righteous that who caused s why was it there in the first place? And i think he would probably agree with that. He would just say we needed to do more when times are calm. Let me share a bit of my perspective on this. I look at the global dollar system as providing the public good o the world. It helps to have the lobl reserve currency. We've seen this to some degree with, you know, sanctions and things like that. Like being able to control the dollar everywhere is a big deal. But i don't know if you can do it globally.
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