Exorbitant privilege!!! That’s what you get for being in charge of the world. And (segue) that’s why you’ve got to pay the bills by sending some good ‘splodey stuff to Ukraine.
Exorbitant privilege is a good alternate title for this post.
Also as a totally random aside, for my entire life until right now, it thought the word was "exorbinant" not "exorbitant"... I spelled it correctly in the article somehow... learning something new every day!
Incredibly informative! I didn’t realize that the United States money printing binge would have such a negative affect on other economies in the world. I recall reading a translation of one of Putin’s addresses to the Russian people claiming that the US fiscal policies were aimed at destroying their economy and that of other countries like them. At the time it seemed preposterous to me, because I didn’t give a thought how this might affect anyone else in the world. I just knew that it wasn’t going to be good for us. Your Monopoly board example rather crystallized in my mind how it all would affect other countries. Wow. I feel massively enlightened and rather sheepish that I didn’t see it before
Thanks Lora! I always appreciate your feedback and support. To your point, it is commodity rich countries that have been the loudest complainers but the implications are more universal
Well written article, well summarized.
Thanks for reading Rudy!
Exorbitant privilege!!! That’s what you get for being in charge of the world. And (segue) that’s why you’ve got to pay the bills by sending some good ‘splodey stuff to Ukraine.
Exorbitant privilege is a good alternate title for this post.
Also as a totally random aside, for my entire life until right now, it thought the word was "exorbinant" not "exorbitant"... I spelled it correctly in the article somehow... learning something new every day!
Great article as always. It’s almost like the cantillon effect but for countries.
Phenomenal as usual 🐻
Thank you Yunus.
Wow, another great thought provoker! Thank you Bear!!
Thanks for reading Mr Dustan!
I'd never considered it from this angle before. Very interesting.
If I made you think about a different angle I have done my job. Thanks for reading
Incredibly informative! I didn’t realize that the United States money printing binge would have such a negative affect on other economies in the world. I recall reading a translation of one of Putin’s addresses to the Russian people claiming that the US fiscal policies were aimed at destroying their economy and that of other countries like them. At the time it seemed preposterous to me, because I didn’t give a thought how this might affect anyone else in the world. I just knew that it wasn’t going to be good for us. Your Monopoly board example rather crystallized in my mind how it all would affect other countries. Wow. I feel massively enlightened and rather sheepish that I didn’t see it before
Thanks Lora! I always appreciate your feedback and support. To your point, it is commodity rich countries that have been the loudest complainers but the implications are more universal