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"Academia are trying to write fancy papers, Media are trying to present professional looking content but none of them really care about being right. In the central bank they they are slightly more tied to reality but as you can see the central bank has done a phenomenally poor job of managing inflation in the last few years and they've done a phenomenally poor job of managing the economy in the last 20 years, you know & does anybody get fired? does anybody get fined?" UNDERSTAND, SHARE & PUSH BA
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Harvard Economist Kenneth Rogoff recalls a pivotal moment in 1971 that captured the boldness—and arrogance—behind US dollar dominance. In a recent episode of Economics, Applied, Ken shared that as inflation rose and global partners questioned the value of US debt, America’s response was unapologetically clear: "It's our dollars. It's your problem". This mindset still shapes the international monetary policy and financial system today. Watch the full episode: https://youtu.be/itbR78IGH2Y | Hoover
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