Might be caused by population ageing coupled with fallout from decades of the Triffin dilemma, i.e., economic growth slowing down in the 1960s, trade deficits becoming chronic and growing starting in the mid-1970s, Reaganomics needed to deregulate financial markets and take on more debt to cover rising costs starting in the early 1980s, and so on, driven by the use of the dollar for global trade.
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Might be caused by population ageing coupled with fallout from decades of the Triffin dilemma, i.e., economic growth slowing down in the 1960s, trade deficits becoming chronic and growing starting in the mid-1970s, Reaganomics needed to deregulate financial markets and take on more debt to cover rising costs starting in the early 1980s, and so on, driven by the use of the dollar for global trade.
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