The Dollar Is the New Form of Money.

May 2, 2020, 4:13 PM

—“The dollar is the new form of money. There is relentless demand for dollars. Relentless! As populations age the time value of money declines. The preference for money LATER comes to exceed preference for money NOW (because older people need savings). That’s why you have 0% interest rates across the developed world.”—Michael Churchill