There has been talk in Europe about American hegemony being somehow based upon the use of the dollar in the world. I just don't see that connection at all. ↗
If all misfortunes were laid in one common heap whence everyone must take an equal portion, most people would be contented to take their own and depart. ↗
Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries. ↗
There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries. ↗
To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve. ↗
After about six months, I told my mother that I wanted the lessons to stop, and she was intelligent enough not to force me to continue. Besides, the lessons cost money, which was anything but abundant in our household. ↗
