Mises Wire
Author:
Ryan McMaken
Online Publish Date:
dollarization. In the case of the former, the dollar would merely be permitted to openly compete with other currencies. Full-blown dollarization, on the other hand, problems that come with full dollarization, as well. Dollarized countries open themselves up to more ready control by the US regime should Washington decide it petrodollars—and dollars are used extensively for international trade. Cutting off access to dollars can be used as a chokepoint against many countries should the US