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To: SaveFerris

From the article:

Perhaps no one would be happier about that than President Donald Trump. Here’s why: As Yale economist Robert Tiffin explained in the 1950s, if a country’s currency is the international reserve currency, then it has no choice but to run a current account deficit.

If a replacement is found, as the dollar replaced the British pound in the 1920s, it may be more likely to have trade surpluses – which is what Trump has said he wants.


7 posted on 08/14/2018 12:58:03 PM PDT by Syncro (Facts is Facts)
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To: Syncro

Was it really the 1920’s or was it post WWII? I don’t actually remember which it was. (regarding info in the article)


11 posted on 08/14/2018 1:00:31 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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