Commentary
As more countries copy the Federal Reserve’s monetary policy without the global demand for the U.S. dollar, financing trade and fiscal deficits by printing a weakening currency, nations become more dependent on the U.S. dollar.
A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, on Oct.12, 2018. Johannes P. Christo/Reuters File Photo
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Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”
