Discussion on Reserve Currency Impact

That's, yeah, that's exactly right.

And by the way, you know, I, I am, uh,

this is, like, s- maybe super heterodox.

I, I am not sure that I think the reserve currency

is actually good for the United

States of America. Uh, I think there is a good argument that reserve currency

status is akin to coal in Appalachia. It's a resource curse, right?

It allows your consumers to consume very

cheaply, right? That's been the story of the American

economy for the last 15 or so

years, uh, even before that, is we can just borrow

basically in an unlimited way because we have the reserve currency, so-