OpinionAnalysis

The Day the Dollar Dies?

Debt, reckless foreign policy, and the malicious intent of our adversaries threaten the dollar as the world’s reserve currency.
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The Day the Dollar Dies?
A close-up of several United States 100-dollar bills in Washington on Dec. 7, 2010. Paul J. Richards/Getty Images
J.G. Collins
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News Analysis

Since roughly the last year of World War II, the U.S. dollar has enjoyed what one-time French finance minister Valéry Giscard d’Estaing once called the “exorbitant privilege” of being the world’s reserve currency. It’s had that position since roughly 1944, when it seized the role of the world’s currency hegemon from the British pound sterling.

J.G. Collins
J.G. Collins
Author
J.G. Collins is managing director of the Stuyvesant Square Consultancy, a strategic advisory, market survey, and consulting firm in New York. His writings on economics, trade, politics, and public policy have appeared in Forbes, the New York Post, Crain’s New York Business, The Hill, The American Conservative, and other publications.
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