gladstein on Nostr: Trump's monetary policy seems to be: 1) Devalue the dollar (to become more ...
Trump's monetary policy seems to be:
1) Devalue the dollar (to become more competitive with manufacturing)
2) Force other countries to still use it (through a <checks notes> 100% tariff on countries who try to use other currencies)
Post-fiat historians will look back at these times with a lot of wonder and fascination
https://www.bloomberg.com/news/articles/2024-09-07/trump-pledges-100-tariff-for-countries-that-shun-the-dollar
1) Devalue the dollar (to become more competitive with manufacturing)
2) Force other countries to still use it (through a <checks notes> 100% tariff on countries who try to use other currencies)
Post-fiat historians will look back at these times with a lot of wonder and fascination
https://www.bloomberg.com/news/articles/2024-09-07/trump-pledges-100-tariff-for-countries-that-shun-the-dollar