Every 20 to 30 years – whenever, it seems, that America’s current account deficits surge – we hear dire warnings about the end of the dollar’s dominance as the world’s reserve currency. In the past few years these warnings have only intensified. But these predictions are likely to be as wrong now as they have been in the past.
每過二三十年——似乎就是每當美國經常賬戶赤字飈升的時候——我們就會聽到有關美元作爲世界儲備貨幣的統治性地位將結束的嚴重警告。過去幾年，這些警告不減反增。但與過去一樣，這些預言可能仍是錯的。
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