How The Dollar Became America's Most Powerful Weapon (w/ Saleha Mohsin)
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When we think of American power, we often think of missiles, guns, and tanks. But operating in the background is an incredibly powerful weapon whose use often goes unnoticed: the dollar. In her new book Paper Soldiers: How the Weaponization of the Dollar Changed the World Order, Bloomberg News correspondent Saleha Mohsin explains how the dollar's power actually works. What does it mean for the dollar to be the "global reserve currency" and how does this confer power? What do sanctions do and what determines whether they succeed or fail?…
The skinny
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