There was a post by an economist that low rates is a tool in the hand of politicians and once the get a taste of it, they never let it go. At least I see this happening in India. Central bank is influenced by govts to keep rates low.

Don't know well about how US Feds and govt are incentivised

> If you're willing to bet [...]

> [...] knowing [...]

These things are not the same.

US dollar will never crash. It is defacto the currency that runs the world. It's a bit like saying the lake will overflow because millions of people are pissing in it.

And crash against what? Other currencies are faring far worse.

So like in say 1000 years the world will still be the same?

It'll crash one day. The world will change. Statistically speaking when it does it will likely be for the worse too.

You're currently right, but the world is changing

https://www.bloomberg.com/news/articles/2020-08-12/russia-di...

Sounds like recency bias. Every historically dominant fiat currency has eventually lost its dominance.

It doesn’t have to crash per se. The value can go down. As in inflation. This is already happening in some sense. It’s just accelerated when the real value you get back is lesser for dollar by the day. A few years back can you imagine buying a $1000 phone? The measured inflation is really convoluted. I doubt it measures the true value of a dollar. The good thing is other currencies will just get devalued equally considering dollar is the world currency for the most part.

People routinely spent over $1,000 on computers, cameras, video cameras, etc and a phone does all of those things well.

You can read about how inflation is calculated, it makes sense: https://www.bls.gov/cpi/questions-and-answers.htm