Can you elaborate? This is literally what the Milton Friedman type neoliberals would say.

To reiterate: losing the dollar hegemony simply means the US imperialists can no longer get “free lunches” from the Global South. It has nothing to do with how the US government decide to deficit spend at home, for example, giving free healthcare to people - so long as it is within the limits of available labor, resource and technology.

In fact, losing the dollar hegemony means American capitalists will now be forced to invest at home and re-industrialize, whereas maintaining the dollar hegemony allows American capitalists to move capital overseas, leading to the decline of labor wages at home, forcing people to take on private debt, and thus funneling the wealth from the majority of the population (through rent, mortgage, loan) to the Wall Street finance capitalists (landlords, bankers, insurance companies etc.).