Over the past several decades, broad money supply and cash in the US have both been growing slowly, in sharp contrast to the phenomenon of the 1970s and 1980s, sufficing to explain a new secret of the US, that is, it has even saved lots of money from printing and issuing the dollar notes.
In that sense, the famous Triffin dilemma in the international economics study has found an effective solution. III. The alleged “China’s theft of US technology” is the logic of power politics. Forty years ago, China started to introduce foreign investors, who were allowed to set up three different kinds of foreign-invested enterprises (i.e.