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.
每过二三十年——似乎就是每当美国经常账户赤字飚升的时候——我们就会听到有关美元作为世界储备货币的统治性地位将结束的严重警告。过去几年，这些警告不减反增。但与过去一样，这些预言可能仍是错的。
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