NY Times is wrong on dedollarization: Economist Michael Hudson debunks Paul Krugman's dollar defense
Geopolitical Economy Report
00:00
The Deception of Exorbitant Privilege
This chapter critiques Nobel prize-winning economist Paul Krugman's argument on US dollar hegemony, highlighting his omission of the capital account and the role of factors such as capital investment, debt service, and crime in determining currency values.
Transcript
Play full episode
