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Despite Domestic Turmoil, the Dollar Still Dominates

The death of the U.S. dollar has been greatly exaggerated.
Despite Domestic Turmoil, the Dollar Still Dominates
A gold-plated souvenir cryptocurrency Tether (USDT) coin arranged beside a screen displaying U.S. dollar notes in an illustration picture taken in London on May 8, 2022. Justin Tallis/AFP via Getty Images
Chadwick Hagan
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Commentary

The death of the U.S. dollar has been greatly exaggerated, especially as of late. While COVID-19 and record-breaking spending from Washington has only empowered countless rumors of the U.S. dollar’s impending doom, it’s clear the U.S. dollar is still very much the world’s de facto reserve currency.

Chadwick Hagan
Chadwick Hagan
Author
Chad is a financier, author, and columnist. He has managed businesses and investments in global markets for over two decades. He is the host of the podcast “Deep Dive Inside,” which discusses Western society. His latest book is “The Myth of California: How Big Government Destroyed The Golden State” (2024).
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