Yes, but no manufacturing economy can be realistically stood up in time to replace the sheer consumption that money-printing enables.Example: to make $1T, you can (a) print or (b) sell $1000 phones to 1B people. Obviously, the former is far easier.https://t.co/glnreb1a1V https://t.co/kNFZgGpqdZMichael Bruno (@brubarian):@balajis Have you read Miran’s piece tying reserve currency to trade and national security? It helps frame this recent trend in dollar depreciation. ...