King dollar : the past and future of the world's dominant currency / Paul Blustein.

Format:

Book

Author/Creator:

Blustein, Paul, author.

Language:

English

Subjects (All):

Dollar, American--History.

Dollar, American.

Monetary policy--United States.

Monetary policy.

International finance.

Physical Description:

1 online resource (xxi, 308 pages) : illustrations

Place of Publication:

New Haven ; London : Yale University Press, [2025]

Summary:

"An award-winning economic journalist on why the US dollar is positioned to maintain global primacy--and what that means for America and the world. Prophecies that the dollar will lose its status as the world's dominant currency have echoed for decades--and are increasing in volume. Cryptocurrency enthusiasts claim that Bitcoin or other blockchain-based monetary units will replace the dollar. Foreign policy hawks warn that China's renminbi poses a lethal threat to the greenback. And sound money zealots predict that mounting US debt and inflation will surely erode the dollar's value to the point of irrelevancy. Contra the doomsayers, Paul Blustein shows that the dollar's standing atop the world's currency pyramid is impregnable, barring catastrophic policy missteps by the US government. Recounting how the United States has wielded the dollar to impose devastating sanctions against adversaries, Blustein explains that although targets such as Russia have found ways to limit the damage, Washington's financial weaponry will retain potency long into the future. His message, however, is that America must not be complacent about the dollar; the great power that its supremacy confers comes with commensurate responsibility."-- Amazon.com.

Contents:

With great power

From humble origins to king of currencies

Maintaining the throne, through thick and thin

Pretenders to the throne

Weaponization

"Open an account on the moon - we can go after that"

Newfangledness

To CBDC or not to CBDC

Roaring in the twenties

Punches landed, punches pulled

. . . comes great responsibility.

Notes:

Description based on publisher supplied metadata and other sources.

Other Format:

Print version: Blustein, Paul. King dollar.

ISBN:

9780300281248

0300281242

OCLC:

1510368082