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Peter Morici: The dollar could be a curse for America
Dollar’s reserve currency status will allow U.S. to spend, spend, spend. Oil has proven a curse for many developing countries and now, troubles abroad and growing reliance on the dollar could prove the same for America. Petroleum permits national leaders to engage in socialist giveaways, placate elites by padding their bank accounts
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Posted: April 15, 2019 Monday 06:01 AM