Building a New Economics
The Debunking Economics Podcast
Do we need a reserve currency?
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Do we need a reserve currency?

Why is the dollar the reserve currency, would America be better off if it wasn't, and do we actually need a reserve currency these days?

The new US Treasury Secretary Scott Bessent recently re-iterated the US desire to remain as the world’s reserve currency, because they like a strong dollar that’s in demand worldwide. Burt he also says he doesn’t want other currencies weak, because that gives thema trade advantage. That sounds like a “cake and eat it” philosophy. This week Phil asks Ste…

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