Will Stablecoins Preserve Dollar Dominance?

Barry Eichengreen thinks the argument that they will rests on a slew of shaky assumptions and leaves key questions unanswered.

project-syndicate.org

Big, rich countries have rarely repaid debt with surpluses

Since 1913, even default has been more common

economist.com

Adam Schefter on X: "Has to be seen to be believed: https://t.co/R9I4NwI5hy" / X

Has to be seen to be believed: https://t.co/R9I4NwI5hy

x.com

Could the U.S. Dollar Lose Its Dominance? It Did Once Before

The U.S. currency’s rise and fall from prominence in the early 20th century offers lessons for today’s political leaders.

wsj.com

Talking With Barry Eichengreen

Crises, the dollar and more

paulkrugman.substack.com

Mindless: The Human Condition in the Age of Artificial Intelligence

Skidelsky’s erudite and thought-provoking book tackles a dominant issue of the day, and indeed of the last two centuries.

foreignaffairs.com

False Dawn: The New Deal and the Promise of Recovery, 1933–1947

Selgin challenges the hypothesis that New Deal policies helped stimulate recovery from the Depression.

foreignaffairs.com

Geopolitics, Trade Blocks, and the Fragmentation of World Commerce

Dadush carefully analyzes the underlying drivers and consequences of near-shoring, friend shoring, decoupling, and fragmentation.

foreignaffairs.com

The Latecomer’s Rise: Policy Banks and the Globalization of China’s Development Finance

According to Chen, China can reduce tensions over lending by more clearly distinguishing policy and commercial lending.

foreignaffairs.com