The Triffin dilemma / trilemma means that reserve currency nations face an inherent trade-off where maintaining currency strength (to preserve purchasing power for foreigners) undermines industrial competitiveness, because a strong currency makes exports expensive—this is why all developed nations with reserve currencies or strong currencies have seen manufacturing decline relative to emerging markets.
causalpending
Speaker
Robert BreedloveEvidence Quote
“the dark side to the exorbitant privilege...one of the consequences of being the global Reserve currency is that your industrial economy gets priced out”
Created: 8/11/2026, 1:53:06 AM
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