The Dig: Inflation Politics with Tim Barker
Jacobin Radio
00:00
Inflation at Home Will Undermine the Value of the Dollar
The dollar had become a kind of defacto world money after World War II. And so the US international banking community, as they sometimes call it, had a big interest in making sure that the dollar continued to play this role. They thought that inflation at home would undermine the value of the dollar and therefore lead to countries starting to use other currencies.
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