Episode 23: Is The Global Dollar System In Decline?

Simon and Gary dive into how the U.S. dollar became the currency hegemon, how this status influences the actions of countries around the world, and what it would take for another currency to become the standard.

For bonus thoughts on each episode, visit powerandconsequences.com, where you can sign up for our newsletter!

Host bios:

Gary Gensler, former Chair of the Securities and Exchange Commission, is Professor of the Practice of Global Economics and Management, and Professor of the Practice of Finance, at MIT Sloan School of Management. His research focuses on artificial intelligence, finance, and economic policy. He previously served as Chairman of the Commodity Futures Trading Commission, Under Secretary of the Treasury for Domestic Finance, Assistant Secretary of the Treasury, Chair of the Maryland Financial Consumer Protection Commission, and Senior Advisor to Senator Paul Sarbanes. Earlier, Gensler was at Goldman Sachs for 18 years, where he became a partner.

Simon Johnson, a 2024 Nobel laureate in economics and former Chief Economist at the International Monetary Fund, is the Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan School of Management, head of its Global Economics and Management group, and Co-Director of MIT’s Stone Center for Inequality and Shaping the Future of Work. He co-chairs the CFA Institute Systemic Risk Council and is an AI Ambassador for the UK. Simon is the author of 13 Bankers, Jump-Starting America, and Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity.

Gary & Simon also co-edited, with Ugo Panizza and Beatrice Weder di Mauro, The Economic Consequences of the Second Trump Administration.

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Avsnitt(27)

Episode 26: What Is The Bond Market Saying?

Simon and Gary discuss the recent increase in long-term interest rates. How will this affect the federal government budget? Will mortgages, credit cards, and auto loans become more expensive? Is this ...

24 Aug 44min

Episode 25: What Will AI Do To Jobs?

Simon and Gary discuss the relationship between artificial intelligence and labor. How will AI change productivity levels? Will changes in productivity be distributed fairly? And should the history of...

17 Aug 40min

Episode 24: Does Science Matter?

Simon and Gary unpack science funding, tackling the value of basic science, the different roles that the government and private backers play, and the serious effects of the current decrease in U.S. go...

10 Aug 47min

Episode 22: Is The U.S. Federal Debt Unsustainable?

Simon and Gary discuss the cyclic history of the U.S. federal debt, why the current debt situation is unique, and what can be done to lower the debt-to-GDP ratio.For bonus thoughts on each episode, vi...

27 Juli 48min

Episode 21: Is the Supreme Court Weakening U.S. Institutions?

Simon and Gary unpack key decisions from the U.S. Supreme Court's most recent term, tackling the impacts of presidential supremacy, birthright citizenship, and tariffs, among other issues.For bonus th...

20 Juli 45min

Episode 20: What are the Consequences of the AI Race?

In the second episode of a two-part series, Simon and Gary discuss how the AI race is affecting countries that aren't currently investing in their own models, how those countries could still create a ...

13 Juli 44min

Episode 19: Who's Winning the Global AI Race?

In the first episode of a two-part series, Simon and Gary once again dive into AI, asking which country currently has the advantage in the sector. What factors go into determining who's ahead? How do ...

6 Juli 42min