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This is what reserve currency status means in reality. It means you can export inflation.

People don’t seem to understand this, and Americans especially seem to take this for granted. US exceptionalism is reserve currency status, British exceptionalism (largest ever empire) was reserve currency status.

Here you can see it in real time…

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Mark Camper 2y ago

What's the mechanism for US rate declining? Wouldn't all decline if the other CBs found their balls to raise earlier?

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