Seriously, anyone who thinks printing money and devaluing the dollar is a good idea, needs to go back to history.
Both British and Dutch lost global currency status due printing money by central banks. The cause for printing money doesn’t really matter.
Money is the storage of wealth and exchange medium.
It’s very clear that the Fed does not view the Dollar as the storage of wealth and allowed the Dollar to devalue significantly over time by printing money.
Why on earth would anyone want to own U.S. government bonds where returns after adjusting for inflation are negative? Why would any country want to continue to accept Dollars when the value is constantly decreasing?
The dollar as world currency is a PRIVILEGE.
The dollar as the world currency will be questioned and may ultimately end.
What would the next world currency be?
Paper backed by Gold/Silver
China or US Cryptocurrency