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The Dollar: Their currency, OUR problem

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The $: Their currency – our problem As Ben Bernanke’s mandate as chairman of the Federal Reserve (the “Fed”) ends, it is time to assess the impact that the American central bank has on the world economy. The US enjoys what former French president Valéry Giscard d’Estaing once called “the exorbitant privilege of the dollar”, which is the de facto […]