Forbes: Billionaire Zell Says U.S. Must Fight Inflation to Maintain Dollar Supremacy
Article by Emily Mason in Forbes
Billionaire investor Sam Zell says the U.S. must turn its attention to fighting inflation caused by loose monetary policy to counteract the effects of the coronavirus pandemic and protect the dollar’s status as the world’s reserve currency.
“The number one concern is the loss of the dollar as the reserve currency,” Zell said, speaking at the inaugural Forbes Iconoclast Summit in New York. “I don't think anybody really understands what an incredible benefit it is to the United States and our standard of living that we are the reserve currency and that we can print.”
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