4min chapter

Odd Lots cover image

Zoltan Pozsar and Perry Mehrling Debate Bretton Woods 3.0

Odd Lots

CHAPTER

Is Henry Hubb the Global Benchmark?

Dollar became reserve currency in large part because of petrol doller trade. But that was basically a situation where the us had to import and pay others with us. If you start to export commodities yourself, then so you're no longer running ati from acurrnigan surplus perspective. What does that mean for the amount of dollars out there? You're not broadcasting those dollars to the rest of the world. You're basically absorbing those dollars because someone is paying from the rest-of-world to you for your co i don't know what henry hubb is. I think through thiss there's a more general lesson here, which is, when the central bank is doing a

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