Part 4/8:
Johnson has established significance in advocating for the U.S. dollar's enduring strength against other fiat currencies, despite America's growing national debt. He argues that while the U.S. faces many hurdles, the overall stability in global governance and relative advantages over other nations fortify confidence in the dollar as the world’s reserve currency.
In discussing the potential pitfalls of reckless monetary policies, he notes that both inflation and recession are linked to public perception and behavior concerning debt and economic growth. The risks associated with high inflation often lead to monetary tightening, which raises interest rates and can create economic chills.