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Replying to Avatar mike

The Triffin Paradox

For the dollar to be the global reserve currency, all countries need to sell more to America than they buy in order to hold a US dollar surplus in order to buy goods from other countries.

Thus America must be a net importer of goods from all other countries, thus reducing its production output.

The means US production decreases over time.

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Galaxie 5000 11mo ago

Becoming only consumers, and not producers.

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mike 11mo ago

Yes

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