The dollar obviously has been a failed experiment in monetary policy, but still reigns as king.
Not sure that is the case but it appears to be the common sentiment. That said, most dont truly look into what is taking place.
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Well we can say the experiment continues, but isn't looking too good, at least in the eyes of people looking at the problem. The issue is that the governments hold the main monopoly on the money supply and basically force the use of their chosen currency. So with that, the dollar hasn't failed yet because the most people are still trading their time and effort for the stuff without the knowledge that there is a better way. So it may not be a completely failed experiment yet, but it is failing due to the lack of trust. It's just a matter of time.