Read @jvl.bsky.social on a subtler cost of Trump's Iran War: the US's ability to borrow on the cheap
"If petrodollar system were to change, then America’s ability to finance debt as cheaply as we do would be imperiled. And so our ability to sustain Social Security & Medicare would be imperiled, too"
A story about petrodollars, the gold standard, and the greatest trick Uncle Sam ever played.
