Lots More on JD Vance and the Future of the US Dollar
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 19 July 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
When people talk about the special role that the US dollar plays in the global economy, that's often characterized as a privilege for the United States. It's seen as giving the government in Washington a great amount of fiscal flexibility, and it can be used as a means of punishing adversaries, by cutting them off from our banking system. But could it be that the currency dominance is actually a burden? JD Vance, the Republican nominee for vice president, has made comments to this effect that dollar dominance doesn't serve America's interests well. On this episode of Lots More, we speak with Matthew C. Klein, co-author of the book, Trade Wars Are Class Wars, which helped popularize this line of thinking. We talk about the drawbacks to the dollar's strength, how it can hurt the US economy, and what policy measures might ameliorate these effects. We also talk about trade policy more broadly, and what effects a more aggressive tariff regime might have under a second Trump administration.
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| 1:10.0 | Did you watch J.D. Vance's speech last night at the RNC? |
| 1:15.0 | I saw some clips. Did you watch the whole thing? |
| 1:18.0 | No, no. But I saw some clips as well. |
| 1:21.0 | Do you think he has read Trade Wars or Class Wars? |
| 1:24.8 | Met, as far as you know, has J.D. Vance read the book you co-authored with Michael Pettis? |
| 1:31.6 | As far as I know, definitely people on his staff have and I would not be surprised if he has himself. |
| 1:36.9 | Oh, there you go. I did a dead lift one two three |
| 1:42.8 | a gemine okay go what to |
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