The Human Action Podcast

Is the Dollar the Global Reserve Currency Because There Is No Better Alternative?

Robert P. Murphy Joakim Book

Economics researcher Joakim Book joins Bob to discuss his recent article on the dollar’s international dominance at the American Institute for Economic Research. 

US Sanctions incentivize foreign governments to find alternatives to the dollar, but none have successfully escaped Washington’s grip. Joakim argues that alternative payment systems are in the works, but even international banking transactions still use US banking systems. How much longer will the US dollar be the king currency? Why aren’t foreign Governments fleeing to BTC and Gold? Bob and Joakim discuss.

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