Published Wednesday, January 31, 2007 by Antony Mueller
The performance of the US economy in the 20th century owes much to the predominant role of the US dollar in the international monetary system, and a large part of attaining this role was the result of the political and military supremacy that the United States had gained after World War I. However, Antony Mueller argues that in a world where the economic strength of the United States is diminishing relative to other countries and regions, there will be less and less of a place for US dollar privilege.
(Original Text)
Dollars and Politics (2.62 MB)