It’s not only that the money makes the world go around but the US dollar is still the dominant currency that keeps the global economy going. Photo: Reuters It’s not only that the money makes the world go around but the US dollar is still the dominant currency that keeps the global economy going. Photo: Reuters
It’s not only that the money makes the world go around but the US dollar is still the dominant currency that keeps the global economy going. Photo: Reuters
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

World may not like US debt but is only too happy to buy it

  • America continues to enjoy its ‘exorbitant privilege’ of being able to borrow easily and often, and the staggering amount it now owes is only slightly less than its gross domestic product

It’s not only that the money makes the world go around but the US dollar is still the dominant currency that keeps the global economy going. Photo: Reuters It’s not only that the money makes the world go around but the US dollar is still the dominant currency that keeps the global economy going. Photo: Reuters
It’s not only that the money makes the world go around but the US dollar is still the dominant currency that keeps the global economy going. Photo: Reuters
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