The dollar and the US is not immune to the same kind of progressive degeneration suffered by the pound sterling and the UK in the 20th century, says Professor Benjamin J Cohen. SANTA BARBARA, California: With the onset of the COVID-19 crisis, the United States seems to have developed a severe case of what psychologists call dissociative identity disorder: it is simultaneously projecting two distinct personalities. On the one hand, the US Federal Reserve has responsibly assumed a leadership role in international finance, as it did during the 2008 global financial crisis.
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