Geopolitical Economy Report The rise of US dollar imperialism, and why it failed - with Radhika Desai & Michael Hudson
Feb 24, 2023
Economists Radhika Desai and Michael Hudson discuss the rise and fall of the US dollar system, the challenges faced by the sterling system, the economic consequences of World War I, the importance of primary commodities and bank call, the limitations of stable currency and free capital flows, and America's dominance in the post-war economic relationship.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 3min
The History and Downfall of the Sterling System
02:35 • 6min
The Aftermath of World War I: Economic Consequences and Debts
08:58 • 19min
The Importance of Primary Commodities and the Concept of Bank Call
27:45 • 3min
The Limitations of Stable Currency, Independent Monetary Policy, and Free Capital Flows
30:40 • 3min
The Post-War Economic Relationship: America's Dominance and England's Struggles
33:50 • 16min
Monetary Imperialism and the Dollar System
49:32 • 27min