harpia on Nostr: Hey Lyn! I'd like to hear an expert on an idea about the Triffin dilemma (currency ...
Hey Lyn! I'd like to hear an expert on an idea about the Triffin dilemma (currency appreciation vs. trade deficit and industry offshoring).
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Has anyone considered dumping? As in tax credits based on exports...
This would be a measure to export deflation, a possibility to counter the export of inflation.
I know WTO AD agreement (Marrakesh 1994) bans it, but what if?
Interesting sequence of historic events though:
*Breton woods (44), gave birth to Triffin dilemma.
*WTO (47), with a framework that pushed US to have trade defcits ("protectionism" bad).
*gold default (71) as natural result of deficits, followed by petrodollar system,
*plaza accord (84) to devalue USD, with lots of unintended, or unadvertised, consequences.
*WTO AD agreement (94), basically planted the seeds for plaza 2.0, since antidumping rules prohibits the US to export dollars WITH goods (keeping industry and jobs alive while reducing deficits).
💡
Has anyone considered dumping? As in tax credits based on exports...
This would be a measure to export deflation, a possibility to counter the export of inflation.
I know WTO AD agreement (Marrakesh 1994) bans it, but what if?
Interesting sequence of historic events though:
*Breton woods (44), gave birth to Triffin dilemma.
*WTO (47), with a framework that pushed US to have trade defcits ("protectionism" bad).
*gold default (71) as natural result of deficits, followed by petrodollar system,
*plaza accord (84) to devalue USD, with lots of unintended, or unadvertised, consequences.
*WTO AD agreement (94), basically planted the seeds for plaza 2.0, since antidumping rules prohibits the US to export dollars WITH goods (keeping industry and jobs alive while reducing deficits).