Why the dollar’s global financial status is a net plus for the US
Friday 2 July 2021 – Vol.12 Ed.26.5
Commentary: Dollar’s global role: extraordinary privilege or burden?
By Mark Sobel in Washington
Debates about the dollar’s global financial status are back in vogue and with them the notion that the US has and abuses an ‘exorbitant privilege’. The debates are overdone. Whether one believes the dollar’s role is a burden or privilege, policy-makers’ attention should focus on addressing undesirable...