The other factor is that the US dollar is the world's reserve currency. That status creates persistent demand for the greenback, making it difficult to properly value the currency.
Read the piece.
It's the Distribution, Stupid
Essays on topics economics: monopolists, oligopolists, and oligarchs aren't better decision-makers for the society just because they's rich and they ain't the gummint.
Infinite granularity yields infinite complexity.
The other factor is that the US dollar is the world's reserve currency. That status creates persistent demand for the greenback, making it difficult to properly value the currency.
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