Why the dollar’s dominance is hard to dislodge
Make Me Smart
Marketplace
4.6 • 5.4K Ratings
🗓️ 18 April 2023
⏱️ 15 minutes
🧾️ Download transcript
Summary
The extensive use of the dollar around the world has helped to maintain a strong U.S. economy. But recent discussions about the dollar’s declining use has some people worried that another currency may take its place. We get into what it means for the dollar to be the world’s reserve currency and why the concern might be overblown. Plus, what the economy has to do with a shortage of volunteers. And, why small acts of kindness make us smile.
Here’s everything we talked about today:
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- “The U.S. Dollar as an International Currency and Its Economic Effects” from the Congressional Budget Office
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- “The Offshore World According To FACTA” from the National Bureau of Economic Research
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- “Highlights From SpaceX’s Scrubbed Starship Rocket Launch Attempt” from The New York Times
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- “George Santos Says He Will Run for Re-election in 2024” from The New York Times
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- “George Santos launches 2024 reelection bid” from Politico
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Transcript
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| 0:00.0 | This is Flea for this little light a podcast about falling in love with music |
| 0:04.5 | I started a nonprofit music school about 20 years ago called the Silver Lake Conservatory of music |
| 0:10.6 | The reason that I started doing this podcast was music education. I'll be speaking with Rick Rubin |
| 0:17.1 | Thundercat Stuart Copeland Margot Price |
| 0:19.7 | Cory Henry Cynthia Arrivo Shealy E and Patty Smith |
| 0:24.0 | Please listen and follow this little light a presentation of cadence 13 on the Odyssey app or wherever you get your |
| 0:29.7 | podcasts and by American public media producer of marketplace thanking the great companies that support this program |
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| 0:43.0 | Oh geez as I'm trying my throat |
| 0:47.5 | Oh it's a pride |
| 0:49.3 | Perfect timing |
| 0:50.8 | Goodness gracious |
| 0:51.8 | Hey everybody I'm Kyle Rizzo welcome back to make me smart where even when we're not ready |
| 0:56.9 | We make today make sense |
| 0:58.9 | I mean in fairness we did say we could go but I'm can really add them. Thank you so much for joining us |
| 1:04.9 | It's Monday and it really truly is a Monday the 17th of April we've got some news today news fixes and some |
| 1:12.7 | Smiles to get to so let's dive right into the news fix Kai. What are you go first? |
| 1:19.1 | All right, I'll tell you what I'm going full wonky dorky whatever lots of |
| 1:25.0 | Economic working papers |
| 1:29.5 | I just you know you come across these things and they can they sort of like peak your interest and you're like oh that's an interesting little nugget |
| 1:35.3 | so |
| 1:37.4 | Two working papers that cross my social feed today |
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