Prof. Schlevogt’s Compass No. 44: Dollar dominance and its discontents – Decoding US tariff populism

The greatest threat to dollar primacy is not foreign rivals but domestic populists, fighting the wrong battle with the wrong weapons The dollar’s dominance as a reserve currency magnifies financial power, but it does so by shifting the balance of the economy away from production toward paper. As America’s productive base gradually and unevenly hollows […]