Being the world's reserve currency has its benefits.
By Brian Shapiro
With the U.S. national debt burden now exceeding $16 trillion and a 2012 annual deficit adding to that total by approximately $1 trillion dollars last year, it is apparent that the United States has spent more money than it has derived from tax revenues during the more than 200-year-long existence of the Republic. We continue, as a nation, to spend money we don't have.
While it is necessary for the U.S. to spend money on social programs, defense, education, security, and infrastructure, the way that established