On the recordMarch 7, 2023
I think in some ways you can argue that the reserve currency status is a massive subsidy to American consumers but a massive tax on American producers.
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congress.govI think in some ways you can argue that the reserve currency status is a massive subsidy to American consumers but a massive tax on American producers.
Vance discusses the dual impact of the U.S. dollar's reserve status on consumers and producers.
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