Eichengreen on the Dollar and International Finance

Barry Eichengreen talks with host Russ Roberts about the history and importance of the dollar as the dominant international currency. He explains the advantages behind the U.S. dollar's dominance and the likelihood that the dollar might be supplanted by a competitor. They discuss Chinese and U.S. currency policies, the causes of the crisis, the risk of U.S. inflation, and the future of the Federal Reserve.