Geopolitical Economy Report NY Times is wrong on dedollarization: Economist Michael Hudson debunks Paul Krugman's dollar defense
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May 10, 2023 Economist Michael Hudson debunks Paul Krugman's arguments on de-dollarization and addresses the US dollar's impact on oil trade, exchange rates, and international power. They criticize Krugman's lack of understanding, discuss hyperinflation and Neoconservatism, and analyze the reasons behind countries moving away from the dollar.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Misconceptions of International Finance and the Role of Governments
02:17 • 22min
The Impact of the US Dollar in Oil Trade and Exchange Rates
24:08 • 2min
The Deception of Exorbitant Privilege
26:18 • 7min
Analyzing Krugman's Arguments on the Power of the Dollar
32:54 • 4min