===== What keeps the USD going? ===== ====Notes==== - risk of quantitative easing - currence collapse: lack of faith in stability or usefulness of money - either to store value or as a medium of exchange (Ross) - USD not backed by commodity but 'Government Fiat' - USD is a reserve currency (along with Euro, JPY, RMB by IMF 2016) - Bretton woods - Greatest risk: high inflation with high debt -- but other countries that export to US (e.g China) would not want it to fail ==== Sources ==== - Ross, Sean. (2020, April 12). What It Would Take for the U.S. Dollar to Collapse [Finance]. Investopedia. https://www.investopedia.com/articles/forex-currencies/091416/what-would-it-take-us-dollar-collapse.asp ====Meta==== * 2021-01-21: initial document