Insights for Navigating an Uncertain World
“The U.S. standard of living has been artificially boosted by the dollar’s status as the global reserve currency, but what happens as that status crumbles?”
(There is still much debt globally–many $ trillions — that is denominated in dollars…countries still need dollars even if they don’t need dollars to buy oil. For this reason, I think this is a more a slow burn process, not a collapse of the dollar.)
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. View more posts
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