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kelseyfrogyesterday at 8:18 PM0 repliesview on HN

There's a guaranteed fix, but no one is going to advocate for it: replace the dollar as the global reserve currency.

The replacement of the Bretton Woods system in the 1970s with the petrodollar, transformed the US from a creditor nation to a debtor nation, and shifted economic and financial incentives in ways that resulted in deindustrialization followed by trade imbalance.

If we want to reindustrialize, it's simple: de-dollarize the global reserve. The downside is that it affects the finance bros and the US's ability to apply economic pressure to achieve political outcomes on the world stage. If you think the benefits afforded in international politics outweighs deindustrialization, thats fine, but you can't have both.