BREAKDOWN: Why a Strong Dollar Is Bad for the US and Bad for the World, Feat. Lyn Alden
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 20 May 2020
⏱️ 61 minutes
🧾️ Download transcript
Summary
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
The dollar has a unique role in the world due to its reserve currency status. For many years that status has created incredible opportunities for the U.S. Increasingly, however, some are wondering if the global standard has outlived its usefulness - not only for the world but for the U.S., too.
In this illuminating conversation, one of FinTwit’s brightest minds, Lyn Alden, shares her perspective on:
- Why we’re at the end of a strong dollar cycle
- Why the Federal Reserve is terrified of the global dollar shortage
- The difference in creditor vs. debtor nations
- The concept of the Triffin dilemma
- Why Japan has been able to print money without seeing rampant inflation
- Why we have inflationary and deflationary forces competing to influence the U.S. economy
- Why debt is going to matter more than ever
- What alternatives to the USD system might look like
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Transcript
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| 1:01.7 | Welcome back to the Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond. |
| 1:09.1 | This episode is sponsored by ArisX.com, the Stellar Development Foundation, and Grayscale Digital Large Cap Fund. The Breakdown is produced and distributed by CoinDesk. |
| 1:12.4 | Here's your host, NLW. |
| 1:17.4 | Welcome back to The Breakdown. |
| 1:19.7 | It is Wednesday, May 20th, and guys, I am so excited to share this conversation with you. |
| 1:26.0 | Regular listeners will know that I've been spending a lot of time |
| 1:29.1 | recently on asking questions about the fundamental design of the global monetary order, |
| 1:35.0 | specifically as it relates to the place of the U.S. dollar in that system. I think it's one of the |
| 1:39.8 | most essential questions we have right now is whether the dollar is still serving both the U.S. |
| 1:45.7 | and the world as the world's reserve currency. This question in some ways, I think, was part of |
| 1:50.5 | the provocation behind Libra. It was the provocation behind Mark Carney's idea of a synthetic |
| 1:55.6 | hegemonic currency that he proposed at Jackson Hole last year. It is part and parcel of China's push for a digital |
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