Many nations have long regarded the dominant international role of the dollar as bestowing an “exorbitant privilege” on the US. But the privilege has now become a burden. It is time for the US to anticipate, and begin to build, an era in which there will be several global currencies to rival its own.
長期以來,許多國家認爲,美元佔據主導性的國際地位賦予了美國一種「囂張的特權」。但如今,這種特權已變成了一種負擔。美國是時候準備迎接、並開始構建一個多種全球性貨幣與美元分庭抗禮的時代。
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