The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.
More Quotes from Robert C. Solomon:
Love can be understood only "from the inside," as a language can be understood only by someone who speaks it, as a world can be understood only by someone who lives in it.Robert C. Solomon
There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.
Robert C. Solomon
To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve.
Robert C. Solomon
The dollar is the main private currency for investment purposes, for transactions purposes, as a vehicle currency as it's called.
Robert C. Solomon
So you can be pretty sure that central banks around the world will not start dumping dollars on the market in order to buy euros.
Robert C. Solomon
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