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> On Apr 20, 2020, at 6:31 PM, John Reimann <[email protected]> wrote:
> 
> In many other countries around the world, extremely high levels of government 
> debt led to devaluation and high inflation. The US is in an exceptional 
> situation because of the global role of the dollar. That role is based on the 
> military and economic power of the US internationally. However, just as that 
> power of US capitalism is being challenged so, contrary to what some comrades 
> seem to think, the international role of the dollar may not last forever.

And those cases have been analyzed at length in the /extensive/ literature on 
modern money systems that’s been produced over the past couple of decades. All 
this proves is that Reimann still hasn’t read any of it. 
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