Skim reading this, I provisionally label Lyn Adlen as an advocate of monetary policy.
As every one knows, abandoning the gold standard, adopting fiscal policy, makes monitarians anxious.
Over time, I'm leaning towards a refreshed Keynesian view: empire means huge military means deficits. Both trade and federal.
I'm not a classical Liberal or a Neo-Liberal. I'm just saying Keynesian and MMT notions seems like useful metaphors for understanding the current world.
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Lyn Adlen does mention petrodollars. But doesn't provide a clue to what comes next.
Rare earth dollars? Gigawatt hours dollars? Some kind of PoW (and therefore measure of energy) crypto coin?
Does it even matter? Are petrodollars just a shibboleth for monetarians that can't accept there's "no there there" when money became fiat?