It is as if the US was forced to borrow and live on credit. Also, since countries need to maintain US dollar reserves, the US should have more responsibility for maintaining inflation under control because it affects all countries, not just them. Social consequences may be that many countries start hating the US because their economy is affected by whatever the US is doing and how they need to maintain the power with the military. So I have a question, is the military dominance needed in order to maintain the reserve currency? I think so.