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Is Monetary Policy a Global Monetary Policy?
The dollar is going from strength to strength. Is that a burden? Imean peoples exorbitant privilege? Like it's a good thing. Butik, thereis also a talk that, especially pre pandemic, when the lot of the issues were like insufficient demand. And there was an argument, oh, the dollar is too strong, and that's hobbllike, is this good for the us? That these series of crises where the dollar keeps getting stronger? So maybe not, maybe not. You know, that it is monetary policy. This image we have in the world that every country is separate and they can run their independent monetary policies if they have flexible exchange rates,.