The U.S. dollar so far has managed to withstand a withering assault upon its stability by modern monetary theory apologists and the profligate federal spending in response to the COVID-19 pandemic—record levels of inflation notwithstanding. The dollar, which has been the world’s reserve currency and an integral instrument of U.S. power since
Read MoreThe U.S. dollar so far has managed to withstand a withering assault upon its stability by modern monetary theory apologists and the profligate federal spending in response to the COVID-19 pandemic—record levels