Saleha Mohsin, author of Paper Soldiers: How the Weaponization of the Dollar Changed the World Order and Senior Washington Correspondent for Bloomberg News, joins The Realignment. Saleha and Marshall discuss the "strong dollar" consensus that emerged after the end of the Cold War, the resulting tradeoff between cheap consumer imports and the decimation of the manufacturing sector, how the Trump administration began to turn against the strong dollar consensus, the role the Treasury Department and the dollar play in perpetuating America's superpower status, and the increasing use of financial sanctions from the War on Terror to Russia's invasion of Ukraine.
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Saleha Mohsin, author of Paper Soldiers: How the Weaponization of the Dollar Changed the World Order and Senior Washington Correspondent for Bloomberg News, joins The Realignment. Saleha and Marshall discuss the "strong dollar" consensus that emerged after the end of the Cold War, the resulting tradeoff between cheap consumer imports and the decimation of the manufacturing sector, how the Trump administration began to turn against the strong dollar consensus, the role the Treasury Department and the dollar play in perpetuating America's superpower status, and the increasing use of financial sanctions from the War on Terror to Russia's invasion of Ukraine.