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The United States enjoys a special advantage because of the preeminent status of its dollar as the world’s leading reserve currency and medium of exchange. Other countries are increasingly moving toward knocking the dollar off its throne through de-dollarization. The trend is unstoppable, but it’s unlikely the dollar will lose much of its authority any time soon.
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Another mechanism by which US does harm through our indifference to to the impact of our dollar/interest rate policies on other countries.
March 1, 2023- Under Secretary for Domestic Finance Nellie Liang gave remarks at the Atlantic Council on the next steps in the future of money and payments.
December 27, 2022- The U.S. Department of the Treasury released initial guidance on two key tax provisions of the Inflation Reduction Act, the Corporate Alternative Minimum Tax...