US dollar era could end: Nobel laureate Thomas Sargent

Nobel Prize laureate Thomas Sargent says the era of the US dollar as the world’s largest trade currency could come to an end, China Entrepreneur magazine reports.

The United States was a poor country after it was founded in the 18th century but its economy improved dramatically after it “imported” many highly educated academics and was willing to admit to policy mistakes and rectify them, Sargent said. Continue reading