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.
JD Vance: “I think in some ways you can argue that the reserve currency status is a massive subsidy to American consumers but a…”
On the recordMarch 7, 2023
Source
congress.govEditor's note · Context
Vance discusses the dual impact of the U.S. dollar's reserve status on consumers and producers.
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