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mekdoonggi • yesterday at 7:50 PM • 2 replies • view on HN

This is all a function of the dollar as a reserve currency. The US is optimized to be the place to own things. The rest of the world is where people make things.

Addendum: I think this is bad.


Replies

stefanfisk • today at 7:25 AM

Is it really all a function of the dollar being a reserve currency though? The UK has gone through a very similar transformation starting with Thatcher.

mring33621 • yesterday at 8:38 PM

Best thread here!