As the value of the dollar rises relative to other currencies, countries will increasingly have difficulty paying their dollar denominated debt…debt trap. Thanks to Catherine Austin Fitts for passing this on.
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.
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