brock on Nostr: In fairness, it kinda did as long as other countries were buying the vast majorities ...

In fairness, it kinda did as long as other countries were buying the vast majorities of our treasury offerings.

We had that privilege until ~2014 …

I understand the ending was always inevitable…and we’re in the late stages. But there for a generation+ we were able to get away with it due to American exceptionalism (and a global agreement that the dollar was the reserve currency).