published in Catalyst
Vasudevan contrasts the terrible healthcare, social, and political response that the U.S. has had to the COVID-19 pandemic with the almost seamless response of the Federal Reserve in conjunction with the central bank and private companies to prevent another global financial crisis. This action, he argues, further enables U.S. hegemony by making emerging countries rely heavily in the dollar for economic relief, something they won't be able to turn back from easily.
1481 days ago