Another argument against having the U.S. dollar as the world’s reserve currency is that it also interferes with exports. This summer, The New York Times ran an op-ed by former White House economist Jared Bernstein. In the column, Bernstein argued that the dollar's status as the world's reserve currency is a "privilege” and one that America can no longer afford. Bernstein, who is now a senior fellow at the left-leaning Center on Budget and Policy Priorities, pointed out that nations like China and South Korea suppress the value of their currencies relative to the dollar in an effort to boost their exports to the U.S.