How can the U S avoid unforced errors and maintain the dollar's dominant position in the global eco

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Good question.

To maintain the dollar's dominant position in the global economy, the U.S. must focus on bolstering confidence in its financial system and avoiding any unforced errors. This includes addressing and recovering from any recent banking turmoil, ensuring transparency and stability in the financial sector, and most importantly, averting a debt ceiling crisis. By implementing sound fiscal policies and maintaining strong economic fundamentals, the U.S. can effectively guard against complacency and preserve the dollar's status as the de facto global currency, learning from historical precedents like the decline of the British pound sterling.

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