Big Take

Can the World Count on the Dollar If It Can’t Count on Smooth Elections?

Oct 31, 2024
Former Republican Senator Pat Toomey, an expert in economic policy, discusses the potential fallout of political instability on both American democracy and the global financial system. He emphasizes how chaos in elections could undermine confidence in the U.S. dollar, the world's dominant reserve currency. The conversation touches on historical events like the Capitol riot, which could affect foreign investment and market reactions. Toomey warns that if the peaceful transfer of power is jeopardized, it could shake investor confidence and challenge America's economic standing.
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