Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on U.S. inflation rate rises to 13-year high of 5.4%. Parent comment
While what you describe might be one factor contributing to higher inflation, it certainly isn't the only one.
Supply chain pipeline bubbles are likely another.
Unbridled dollar printing and massive govt. debt probably contributes as well.
The US quickly losing ground as a superpower thereby undermining the status of the USD as a reserve currency probably a factor.
etc ...
Who said anything about taking over?
A world without a reserve currency will be a much better place to live.
While what you describe might be one factor contributing to higher inflation, it certainly isn't the only one.
Supply chain pipeline bubbles are likely another.
Unbridled dollar printing and massive govt. debt probably contributes as well.
The US quickly losing ground as a superpower thereby undermining the status of the USD as a reserve currency probably a factor.
etc ...