Does Reserve Currency Actually Benefit Americans?
Elites love dollar dominance. What about regular Americans?
Recently, the US Senate Banking Committee held a hearing titled “Cryptocurrencies: What are they good for?” where one Senator worried that Bitcoin threatens the worldwide dominance of the US dollar. Others have raised similar reserve currency concerns about China’s “digital Yuan” in order to push US policymakers to imitate China’s totalitarian CBDC.
Keep reading with a 7-day free trial
Subscribe to Peter St Onge, Ph.D. to keep reading this post and get 7 days of free access to the full post archives.