Tag Archives: reserve currency

Dethrone King Dollar

Here’s the former member of Obama’s economic team, munching antagonistic views against the king of world currencies, .i.e fiat US dollar.
” From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joe Biden, executive director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team.”

Dethrone King Dollar

By JARED BERNSTEIN
us dollar bundles
WASHINGTON — THERE are few truisms about the world economy, but for decades, one has been the role of the United States dollar as the world’s reserve currency. It’s a core principle of American economic policy. After all, who wouldn’t want their currency to be the one that foreign banks and governments want to hold in reserve?
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Beyond the Smoke & Mirrors