The other factor is that the US dollar is the world's reserve currency. That status creates persistent demand for the greenback, making it difficult to properly value the currency.
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Despite what the reactionaries assert, the world is not flat nor is it hierarchical. The world is relational. Infinite granularity yields infinite complexity.
The other factor is that the US dollar is the world's reserve currency. That status creates persistent demand for the greenback, making it difficult to properly value the currency.
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