Subject: A bug or a feature?
Krugman writes about Trump's toll on the dollar today.
https://substack.com/app-link/...
Donald Trump’s stunning failure in Iran has weakened America on many fronts. The world now perceives us as neither a reliable ally nor an invincible enemy, with an extortionately expensive military that is losing its best and brightest to Pete Hegseth’s prejudice and incompetence. We are now four months into a war that was supposed to last a couple of weeks.There is no end in sight as strikes and counter-strikes continue despite Trump’s farcical proclamations of American victory and Iranian surrender. Sixteen months into his presidency, Trump has squandered all of America’s credibility with the rest of the world.
So let me add one more item to the tally of destruction: The supremacy of the dollar, the pre-eminent tool in America’s toolbox of global financial power, has been seriously damaged by the rise of alternative payment systems – a rise that was greatly hastened by the Iran war.
Given Trump's promotion and creation of crypto is his destruction of the dollar a bug or a feature of his regime's policies and actions?