Nations holding dollars in their reserves, often to settle international trade, discover they must import inflation as a result. Each new round of Federal Reserve money-printing ripples outward, artificially inflating prices worldwide, destabilizing foreign economies, and punishing populations who never had a say in American policy. Developing nations, especially, find themselves doubly impacted.

— Neal Flesher, Modern Chains (Chapter 1)

Get the free book (PDF + audiobook)