The new US Treasury Secretary Scott Bessent recently re-iterated the US desire to remain as the world’s reserve currency, because they like a strong dollar that’s in demand worldwide. Burt he also says he doesn’t want other currencies weak, because that gives thema trade advantage.&nbsp;That sounds like a “cake and eat it” philosophy. &nbsp;&nbsp;This week Phil asks Steve whether the US would be better off if it wasn’t the reserve currency,&nbsp;and whether,&nbsp;&nbsp;in these days of electric transfers, do we actually need a reserve currency?&nbsp;<hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

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Do we need a reserve currency?

Debunking Economics - the podcast

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