The U.S. Dollar and Global Capital Dynamics

This chapter examines the growing influence of capital controls and foreign investments in U.S. assets, revealing a dramatic rise from $10 trillion in 2012 to over $30 trillion today. It discusses the implications of the U.S. dollar as the world reserve currency, including challenges from the Triffin's dilemma and the strategic competition with China. The conversation explores how a weakening dollar could potentially revitalize U.S. manufacturing, while also addressing the socio-economic consequences of global financial strategies.