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This is fascinating.

What is this theory called? I'd like to read more.

It's called "a wild overstatement of generally accepted mechanisms".

As but one rebuttal: The European Central Bank has acted mostly in concert with the FED since 2008, "printing" about as much money via quantitative easing and similar mechanisms.

The Euro is nowhere close to the US$ as a reserve currency, and even less as a trade currency.

And yet inflation in Europe has been just as non-existent as it has in the US.

Well China is absorbing the inflation basically.

Euro isn’t a reserve currency because of absence of true military powers and dependable justice system that is overly complicated and fragmented to the whims of individual countries. Further, Euro is always risk of countries leaving it and weakening its strength and future. China is still far from developing military powers and world cannot trust that reserve currency won’t be manipulated outright. So, no, there are no real options right now to provide the same economic service.

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