Herman Mark Schwartz

Herman Mark Schwartz, a Politics professor at the University of Virginia and expert in economic development, joins for an insightful discussion. They delve into AI's potential to ignite a new wave of creative destruction rivaling past innovations. Schwartz outlines scenarios for future growth: an extension of current trends, a transformative AI-driven paradigm, or facing crises of resource shortages and geopolitical strife. The conversation also touches on the ethical implications of technology and governance in navigating these economic shifts.

Herman Mark Schwartz, an academic from the University of Virginia, dives into the enduring dominance of the US Dollar as the world’s primary currency. He discusses the surprising persistence of dollar reliance despite ongoing current account deficits and examines the intricate relationship between trust in government institutions and monetary value. Schwartz also explores how economic struggles in countries like Ruritania and shifts towards protectionism impact global finance. The conversation raises questions about the future of the dollar in a changing political and economic landscape.