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42 sats \ 3 replies \ @spiderman OP 1 Aug \ parent \ on: A Critical Review of Triffin's Dilemma econ
Exactly, so, basically it is a prediction that the gold standard will not last and there will be far more dollar compared to gold reserve.
That’s how I see it. The temptation to cheat is too great to expect it to last.
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Yeah, but the core point is the reasoning has to go via abandonment of gold standard. Trade deficit is just a manifestation but not the core issue here.
But no mention of triffin's dilemma ever mentions gold standard and keeps saying it's a dilemma as if there some great mystery on why this is true.
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Maybe there’s more to it than I’m granting but I pretty much just take it as saying “Those who can export inflation will do so.”
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