|

What a Reserve Currency Should Look Like

by Patrick Barron Much has been written lately, including by […]

Image by © Dreamstime

Image by © Dreamstime

by Patrick Barron

Much has been written lately, including by me, about the coming rejection of the dollar as the primary reserve currency of the world’s most important central banks.

My prediction is based upon two things: one, that the Federal Reserve is controlled by inflationist politicians whose main goal is to monetize the federal government’s vast annual budget deficits; and, two, that the rest of the world is getting fed up with holding ever more fiat dollars of decreasing purchasing power.

Continue reading…

Author

The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.

Do you like the article?

We are glad you do! Please consider donating if you want to read more articles like this one.

Related

Share this article!
Join our community and stay updated!