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Podcast: Debunking Economics - the podcast
Episode: Do we need a reserve currency?
Description: The new US Treasury Secretary Scott Bessent recently re-iterated the US desire to remain as the worldâs reserve currency, because they like a strong dollar thatâs in demand worldwide. Burt he also says he doesnât want other currencies weak, because that gives thema trade advantage. That sounds like a âcake and eat itâ philosophy.   This week Phil asks Steve whether the US would be better off if it wasnât the reserve currency, and whether,  in these days of electric transfers, do we actually need a reserve currency? Hosted on Acast. See acast.com/privacy for more information.