(Photo by Sarah Silbiger/Getty Images) Getty ImagesEarlier this week, I shared a discussion on the tokenomics of the U.S. Dollar in my weekly newsletter, where I present the argument that the U.S. dollar does not need to be backed by a hard asset to maintain value and utility. There is not enough income in the system and therefore monetary stimulus is appropriate to increase production. The imminent threat to the reserve status of the U.S. Dollar appears to not come from the ‘money printer’. Today, the U.S. Dollar has several competitors:Euro - although a real competitor, the Euro is an unlikely threat to the dollar given current economic issues in Europe. - although a real competitor, the Euro is an unlikely threat to the dollar given current economic issues in Europe.

Source: Forbes August 27, 2020 19:18 UTC