Re:Bank of England expects UK to fall into longest ever rece...
by czbond on Thursday November 03, 2022 @03:50PM
(#33456490)
You're confusing having THE reserve currency (for now) with having a healthy & robust economic economy or program.
U.S. debt situation is just the least ugly of all the ugly. You have to pick something, so for now, the $USD is it.
given other countries did not undergo similar fiscal programs and have faced similar levels of inflation, i would argue that the larger component of inflation was the sudden global start-stop supply-chain shock from the pandemic rather than purely excess demand from the too-large fiscal programs. and i do not consider that shock to be self-inflicted (tho the excessive fiscal spending certainly was).