An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
This is a bit off topic but why is the value of the dollar counter cyclical while (almost) all other currencies are pro-cyclical to world economic conditions. I think it has something to do with being a reserve currency but I don't understand the flows that cause it to happen. It raises the cost of our exports and lowers the cost of imports at the worst possible times. Like now the dollar is getting weaker and the price of fuel rises and slows recovery more than it would otherwise.
@ TBSafe haven. Safe haven status directly related to the USD being the global reserve currency. Both the safe haven and reserve status of the USD are due to the global economic and political power of the US as world's sole superpower and largest economy.
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