Meanwhile, the US share of global output has declined. And, most recently, the disturbing willingness of some members of the US Congress to pursue a strategy that would cause the Treasury to default on legal obligations has undermined global confidence in the dollar’s privileged status.
对于这一衰落趋势，解释层出不穷。自越战以来，美国的预算赤字、货币创造和经常项目赤字总是非常高。美元相对其他主要货币的价值或者美元的购买力有所损失也不足为奇。与此同时，美国站全球产出的份额也有所下降。而在最近，美国国会的一些议员有一种危险的意图——追求将导致财政部对其法定债务违约的战略，这影响了全球对美元特权地位的信心。