Meanwhile, De Dollarization is Happening — Is That Bad?

If you are alive when this is being written, you've always lived in a world where the global settlement layer is *dollars*. What does de dollarization mean... and is it bad?

I’ve never lived in a time when everything wasn’t in “dollars”. All media (I consume), even those now based on the US, reference things that cost dollars. The recent amazing lunar landing of the Chandrayaan-3 got international (interstellar?) attention because of it’s cost, which was about $75 million.

That is less than the cost of most blockbuster spac…