Let’s Begin With A Mild Dose of History

Mao explains the Renminbi

The measure of value

And Now Something Different: What is a Reserve Currency?

(The words are Brian Armstrong’s)

Is there an advantage to being a reserve currency?

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Yes, it will, at some point. When those US dollars get homesick and fly back to the US, they will inflate the stateside supply of US dollars, which will, in turn, drive up prices. The natives will surely become restless.