In short, the US no longer has what Valéry Giscard d’Estaing, as France’s finance minister in the 1960’s, accurately called the “exorbitant privilege” that stemmed from having a reserve currency as its legal tender.
简言之，美国不再是20世纪60年代法国财政部长季斯卡·德斯坦（Valéry Giscard d’Estaing）正确地所谓的拥有作为储备货币的法币的“过度特权”。