In lieu of a New piece, I've decided to publish my June 2018 talk at the University of Manchester on Monetary Sovereignty and treating it as a "Spectrum" even as we emphasize Dollar dominance over the global financial system. I think it will be helpful to readers
https://www.crisesnotes.com/june2018manchesterspectrumofmonetarysovereignty/
https://www.crisesnotes.com/june2018manchesterspectrumofmonetarysovereignty/
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"If you forcibly converted monetary vassals into full domestic monetary subjects by redenomination a fall in the exchange rate would reduce interest payment flows relative to foreign denominated income coming in from abroad."
Another key way to boost MS, much more difficult to obtain, but exploited by the US, is institutional inertia in pricing