> The claim that the only reason the US dollar is the reserve currency of the world is because the US military would invade anyone who uses something else is so often repeated on HN and reddit that is has become canon.
No, it isn’t. Nobody said this, certainly not GP.
What is canon is that US military might gives its economy a level of stability not enjoyed by any other country, and when combined with the size of the economy, makes the dollar an important asset for nearly everyone.
Most countries in the world don’t use the dollar, and yet the dollar remains hugely important to those economies. Who is suggesting the US is going to invade those countries?
No, it isn’t. Nobody said this, certainly not GP.
What is canon is that US military might gives its economy a level of stability not enjoyed by any other country, and when combined with the size of the economy, makes the dollar an important asset for nearly everyone.
Most countries in the world don’t use the dollar, and yet the dollar remains hugely important to those economies. Who is suggesting the US is going to invade those countries?