Wednesday, September 10, 2014

Former Chief Economist for Obama comes out calling for end of the dollar

Back in August, a former chief economic for President Obama wrote an op-ed on the stability of the dollar, and its role today as the global reserve currency.  In his breakdown of the historical use of the dollar in American finance, Jared Bernstein asserted that while in the past the dollar was a benefit which allowed U.S. prosperity to grow, today it has become a burden which forces the central bank into a continuous loop of bubbles, inflation, and instability for production and job creation.

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