Phil Magness(@PhilWMagness):JD Vance wants to end the US dollar's position as a global reserve currency, because he thinks it allows Americans to consume too much and do so too cheaply. Keep that in mind the next time you order a $20 burrito on door dash.

Phil Magness

@PhilWMagness

Economic historian @independentinst. Opinions = my own. Co-author of the most comprehensive study ever done on the question of "what is neoliberalism?"

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Phil Magness@PhilWMagness

2026.08.14 14:46

JD Vance wants to end the US dollar's position as a global reserve currency, because he thinks it allows Americans to consume too much and do so too cheaply. Keep that in mind the next time you order a $20 burrito on door dash.