Glossary
The U.S. dollar's reserve-currency position, glossed by Jiang as America's ability to manufacture money/gold for the world.
Topic brief
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Exorbitant privilege
The U.S.
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Key Notes
model
Jiang says America's reserve-currency position is an exorbitant privilege that lets it manufacture money, but this also makes the country fat, lazy, corrupt, and dependent on printing rather than making money.
Timestamped Evidence
Transcript
"...the world okay and the word the phrase for that is exorbitant privilege exorbitant privilege just means that america"
Sources:
Reading
Transcript
YouTube
Data
Transcript
"has the right to manufacture gold okay the world has to buy the gold okay now it's just that if you can't do that..."
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