The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 4 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Sharma: Reserve currency status cuts US borrowing costs by 50-100 bps
“Some estimates suggest somewhere between 50 to hundred basis points, half a percent to one percent of annual borrowing costs are possibly lower. Because of the fact that America has the world's reserve currency.”
Klein: Historical reserve currency regimes were multi-polar, not single monopolies
“Even in the period where people talk about, like, sterling as the reserve currency, it was notable insofar as, say, like, Japan had most of its foreign reserves in Sterling assets, like the early 1900. But there were other large blocks, and arguably this is a …”
Zhu: US dollar took nearly a century to replace pound sterling
“The U S economy surpassed that of UK in around the But then U.S. Dollar did not totally replace starting until like almost a hundred years later. So it's a very long and gradual process and full of changes, apps announced.”
Sharma: The US dollar regularly experiences 30% to 40% cyclical declines
“If you look at the last, ah, you know, 50 odd years, right, since we've had freely floating exchange rates, it's not that even when the dollar's been the dominant currency in this, as far as if the dollar always goes up, there have been very significant period…”