Economist Podcasts
The buck stops here? The threats to dollar primacy
Apr 15, 2025
Henry Kerr, Economics editor at The Economist, and Sophie Pedder, Paris bureau chief at The Economist, delve into the declining trust in the US dollar as a global reserve currency. They highlight concerns over rising bond yields and the fallout from aggressive fiscal policies. The conversation also shifts to the political landscape in France, focusing on rising star Jordan Bardella and his ties to the far-right movement. Plus, they discuss Hong Kong's efforts to improve taxi services and enhance tourist experiences amidst competition from ride-hailing services.
23:57
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Quick takeaways
- The potential decline of the US dollar's status as the world's reserve currency raises significant economic stability concerns globally and domestically.
- Jordan Bardella's rapid rise in the French far-right political landscape highlights shifting voter demographics and the challenges of political experience and policy depth.
Deep dives
The Rise of Jordan Bardella
Jordan Bardella, a notable figure in French politics, has quickly ascended through the ranks of the National Rally Party, becoming its president at just 29 years old. His background contrasts sharply with that of Marine Le Pen, as he grew up in a more challenging environment, which aids in his connection with voters. Bardella's rise comes at a critical time, as Le Pen faces legal challenges that may prevent her from running for office again, potentially positioning Bardella as a presidential candidate for 2027. Although he has garnered significant popularity through social media, questions remain about his political experience and depth of policy understanding.
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