Macro Musings with David Beckworth cover image

Matteo Maggiori on the Global Capital Allocation Project, Exorbitant Privilege, and Dollar Runs

Macro Musings with David Beckworth

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Is There a Future for the Dollar?

The idea that ther s multiple equilibrium multiple places was pretty radical back then when you first came up with the idea, right? Because we're thinking about the united states in particular. People were pretty sceptical, i would say, including some of our colleagues. And so there was a lot of lakisisequiocity. But certainly the te action was, this is a bit crazy, and we were fine with it. We thought, well, the debate might come. The pandemic runnol of tat is qully. It has happened much faster than we thought.

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