2026-08-03
58 分钟Welcome to Macro Musings, where each week we pull back the curtain
and take a closer look at the most important macroeconomic issues of the past, present, and future.
I am your host, David Beckworth, a senior research fellow with the Mercatus Center at George Mason University,
and I'm glad you decided to join us.
Today's episode is a special roundtable discussion, one of the biggest questions in international finance.
Why is the dollar still the world's dominant currency, and how long can that dominance last?
To help us think through this question, I'm joined by three previous podcast guests
and authors of recent books that approach the question of the dollar from very different but complementary perspectives.
Our first guest is Barry Eichengreen,
who recently published his book titled Money Beyond Borders, Global Currencies from Creases to Crypto.
Our second guest is Paul Blustein.
His recent book is King Dollar, The Past and Future of the World's Dominant Currency.
Our final and third guest is Brendan Greeley.
His new book is The Almighty Dollar, 500 Years of the World's Most Powerful Money.
Together, these authors and their books raise some fascinating questions.
Is the dollar's dominance primarily about American power, financial markets, institutional trust, or network effects?
Is dollar dominance an exorbitant privilege or burden?
And are we witnessing the beginning of a new transition
to a new currency order or just another premature obituary for Keen Dollar?
Barry, Paul, and Brendan, welcome back to the show.