Paper SoldiersAuthor :
Hardback
Published : Tuesday 19 March 2024
Description
In 1995, Treasury Secretary Robert Rubin re-defined the next thirty years of currency policy with the mantra, A strong dollar is in Americas interest. That mantra held, ushering in exceptional prosperity and cheap foreign goods, but the strong dollar policy also played a role in the devastating hollowing out of Americas manufacturing sector. Meanwhile, abroad, the United States increasingly turned to the dollar as a weapon of war. In Paper Soldiers, Saleha Mohsin reveals how the Treasury Department has shaped U.S. policy at home and overseas by wielding the American dollar as a weapon - and what that means in a new age of crisis. For decades, America has preferred its currency superpower - strong, the basis of a strong dollar policy that attracted foreign investors and pleased consumers. Drawing on Mohsins unparalleled access to current and former Treasury officials like Robert Rubin, Steven Mnuchin, and Janet Yellen, Paper Soldiers traces that policys intended and unintended
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