Yeah, that last point makes sense on a per-dollar basis. The advantage to the US of stablecoins is how much market share they might absorb.
As to the first point, isn't that just a consequence of the dollar being the reserve currency and inflationary? Americans get the dollars first, before global prices adjust, so the rest of the world's stuff seems like a relatively better deal to us. Plus, we are better able to deficit spend because we can print more money to cover our expenses.
Yeah, that last point makes sense on a per-dollar basis. The advantage to the US of stablecoins is how much market share they might absorb.
As to the first point, isn't that just a consequence of the dollar being the reserve currency and inflationary? Americans get the dollars first, before global prices adjust, so the rest of the world's stuff seems like a relatively better deal to us. Plus, we are better able to deficit spend because we can print more money to cover our expenses.