This may be the best, most perfect example of why the eurodollar standard isn’t going anywhere anytime soon. Since hardly anyone knows the world runs on that rather than the dollar, the two are constantly conflated for what is only nomenclature. As such, the dollar’s (really the eurodollar’s) demise has been forecast with regularity and intensity for around fourteen years now, ever since the Federal Reserve’s first QE effectively and efficiently fooled people into thinking dollars were being recklessly printed.
If they had been, it wouldn’t have taken far more than a decade for consumer prices to finally do something (consumer prices in 2021-22 were a supply shock, not money). That’s not a lag, rather a complete rebuttal.
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