US Losing Ability To 'Tax The World' To Fund Deficits, Warns Thomas Massie Amid Diminishing Dollar Dominance
Pessimistic
-31.3
Rep. Thomas Massie (R-Ky.) issued a stark economic warning on Saturday, cautioning that the United States is losing its unique ability to export inflation to other nations. As the U.S. dollar's status as the global reserve currency diminishes, Massie argues that Americans will soon face the "full inflation tax" necessary to service the nation's soaring debt.
The End Of ‘Exorbitant Privilege'
Massie's comments highlight a critical, often overlooked mechanism of the American economy: the ability to print money without immediate hyperinflation because global demand for dollars absorbs the excess supply.
“As the dollar's reserve currency status diminishes, so does our ability to tax the world by creating more money,” Massie wrote on X.
He warned that the loss of this status would make maintain
The End Of ‘Exorbitant Privilege'
Massie's comments highlight a critical, often overlooked mechanism of the American economy: the ability to print money without immediate hyperinflation because global demand for dollars absorbs the excess supply.
“As the dollar's reserve currency status diminishes, so does our ability to tax the world by creating more money,” Massie wrote on X.
He warned that the loss of this status would make maintain
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