US EditionThe End of the Exorbitant Privilege of the United States
Summary by elfinancierocr.com
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.1 Articles
1 Articles
As France’s finance minister in the 1960s, former French President Valéry Giscard d’Estaing complained about the “exorbitant privilege” conferred on the United States for the position of the dollar as the world’s main reserve currency. In essence, the United States could borrow at low interest rates, maintain large trade deficits persistently and finance the budget deficit by issuing money. I would never have imagined Giscard d’Estaing that one …
·Costa Rica
Read Full ArticleCoverage Details
Total News Sources1
Leaning Left0Leaning Right0Center0Last UpdatedBias DistributionNo sources with tracked biases.
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
