I always posit this question, to which I have never received a satisfactory answer: What, exactly, would the US do if the world suddenly decided that the dollar was worth nothing?
Massive buybacks of dollars by the Fed would be seen as an ineffective and desperate move. Besides that, what other recourse do they have?
I always posit this question, to which I have never received a satisfactory answer: What, exactly, would the US do if the world suddenly decided that the dollar was worth nothing?
Massive buybacks of dollars by the Fed would be seen as an ineffective and desperate move. Besides that, what other recourse do they have?