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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我顺着时间线下来,先看到了 #[1] ,再看了这个直接笑出来。

属实是事情不调查完全就发出来了,大家当个乐子看看就好。

Exactly why Russia and China are scrambling to use anything else but the dollar.

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