- Thread starter
- #81
I wonder if our need to bribe elites outside our borders to follow our orders has anything to do with holding a global reserve currency?We just can't mind our own business and quit bribing countries to do our bidding.
Solving the Triffin Dilemma - Ethics & Public Policy Center
"The Triffin dilemma or Triffin paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies.
"This dilemma was identified in the 1960s by Belgian-American economist Robert Triffin,[1] who pointed out that the country whose currency, being the global reserve currency, foreign nations wish to hold, must be willing to supply the world with an extra supply of its currency to fulfill world demand for these foreign exchange reserves, thus leading to a trade deficit."
Triffin dilemma - Wikipedia