A Crisis of Responsibility about the U.S. Dollar

With so much talk circulating that Americans need to be deathly afraid of a “strong dollar,” David takes on recent comments from Stephen Miran, chair of the Council of Economic Advisors, suggesting that a strong dollar is really unfair to Americans. Underlying some of these recent allegations about dollar supremacy is a familiar crisis of responsibility. It is time to set the record straight.


CHAPTERS:
00:00 Introduction to Capital Record
00:14 The US Dollar and Cultural Responsibility
00:38 Quoting Steven Myron on Economic Policies
02:39 Debunking Myths About China's Role in the Financial Crisis
10:49 The Benefits and Trade-offs of the US Dollar as the World Reserve Currency
18:27 Conclusion: The Importance of a Strong Dollar and Responsibility