Macro Musings with David Beckworth
Mercatus Center at George Mason University
Categories: Business
Listen to the last episode:
Saleha Mohsin is a senior Washington correspondent for Bloomberg News, where she covers policy, politics, and power in Washington, DC. Saleha is also the author of a new book titled, *Paper Soldiers: How the Weaponization of the Dollar Changed the World Order,* and she joins David on Macro Musings to talk about it. Specifically, David and Saleha also discuss the intelligence and enforcement tools of the US Treasury, the basics and importance of SWIFT, the effectiveness of US sanctions, and a lot more.
Transcript for this week’s episode.
Saleha’s Twitter: @SalehaMohsin
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Related Links:
*Paper Soldiers: How the Weaponization of the Dollar Changed the World Order* by Saleha Mohsin
*The Big Take* hosted by Saleha Mohsin
Timestamps:
(00:00:00) – Intro
(00:03:43) – The Weaponization of the Dollar on the Global Stage
(00:08:55) – The Intelligence and Enforcement Tools of the US Treasury Department
(00:13:10) – Breaking Down SWIFT and Its Importance
(00:18:27) – Sanctioning Russian Oligarchs
(00:22:42) – The Importance and Significance of Robert Rubin
(00:25:29) – The George W. Bush of the Treasury Department
(00:37:42) – Breaking Down the Joint Comprehensive Plan of Action
(00:41:06) – The Trump Administration, China, and the Rise of Populism
(00:45:30) – Evaluating the Effectiveness of the Russia Sanctions
(00:51:18) – Threats to the US in the Future
(00:52:48) – Outro
Previous episodes
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440 - Saleha Mohsin on *Paper Soldiers: How the Weaponization of the Dollar Changed the World Order*Mon, 22 Apr 2024 - 0h
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439 - Josh Hendrickson on the Treasury Standard and Global Dollar DominanceMon, 15 Apr 2024 - 0h
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438 - Julia Coronado on Productivity, Commercial Real Estate, and the Fed’s Soft LandingMon, 08 Apr 2024 - 0h
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437 - Isabel Schnabel on the ECB and its New Operational FrameworkMon, 01 Apr 2024 - 0h
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436 - Andrew Levin and Christina Parajon Skinner on *Central Bank Undersight: Assessing the Fed’s Accountability to Congress*Mon, 25 Mar 2024 - 0h
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435 - Anat Admati on the US Banking System and the Basel III EndgameMon, 18 Mar 2024 - 0h
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434 - Steven Kamin and Mark Sobel on the Current State of Dollar DominanceMon, 11 Mar 2024 - 0h
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433 - Peter Williams on Interest Rates, Term Premium, and the Importance of Inflation ExpectationsMon, 04 Mar 2024 - 0h
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432 - Bill Nelson on the Using the Discount Window for Liquidity Requirements and Its Implications for the Fed’s Balance SheetMon, 26 Feb 2024 - 0h
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431 - Eric Leeper on *A Fiscal Accounting of COVID Inflation*Mon, 19 Feb 2024
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430 - Jeffrey Lacker on Governance at the Federal ReserveMon, 12 Feb 2024 - 0h
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429 - Mark Koyama on *How the World Became Rich: The Historical Origins of Economic Growth*Mon, 05 Feb 2024 - 0h
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428 - Gauti Eggertsson on the Post-Pandemic Inflation Surge and its Implications for Monetary PolicyMon, 29 Jan 2024 - 0h
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427 - Jonathon Hazell on Phillips Curves, Wage Rigidity, and How to Measure R-StarMon, 22 Jan 2024
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426 - Skanda Amarnath and Preston Mui on the Tribal Transitory Debate and the Future of the Fed’s FrameworkMon, 15 Jan 2024
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425 - Claudio Borio on the Future of Central Bank Operating SystemsMon, 08 Jan 2024 - 0h
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424 - Colby Smith, Steven Kelly, and Gerard DiPippo on the Highlights of 2023 and Looking Ahead to the FutureMon, 01 Jan 2024 - 0h
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423 - Tyler Cowen on the Greatest Economist of All Time and Other Macro AwardsMon, 25 Dec 2023 - 0h
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422 - Nicolas Cachanosky on Dollarization in ArgentinaMon, 18 Dec 2023
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421 - Charlie Evans on the Past, Present, and Future of U.S. Monetary PolicyMon, 11 Dec 2023
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420 - Matteo Maggiori and Jesse Schreger on Geoeconomics and its Policy ImplicationsMon, 04 Dec 2023
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419 - Matthew Raskin on Treasury Market Stability, Interest Rates, and the Fed’s Balance SheetMon, 27 Nov 2023 - 0h
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418 - David Papell on the History, Motivations, and Current Applications of Monetary Policy RulesMon, 20 Nov 2023 - 0h
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417 - Rachel Siegel on the Fed, Commercial Real Estate, and the Economics of the 2024 ElectionMon, 13 Nov 2023 - 0h
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416 - Will Bateman on the History and Evolving Nature of the Fiscal FedMon, 06 Nov 2023
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415 - PJ Glandon on the State of Macroeconomics: Research and PedagogyMon, 30 Oct 2023 - 0h
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414 - Ed Nelson on the Life, Work, and Legacy of Bennett McCallumMon, 23 Oct 2023 - 0h
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413 - Sam Hammond on AI, Techno-Feudalism, and the Future of the StateMon, 16 Oct 2023 - 0h
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412 - Marc Goldwein on the US Government Budget: Structure, Challenges, and Reform StrategiesMon, 09 Oct 2023 - 0h
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411 - Lev Menand and Josh Younger on *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon*Mon, 02 Oct 2023
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410 - Thomas Hoenig on Public Debt Sustainability and the Current State of the US Banking SystemMon, 25 Sep 2023 - 0h
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409 - Robert McCauley on Bond Market Crises and the International Lender of Last ResortMon, 18 Sep 2023
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408 - Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell’s Jackson Hole SpeechMon, 11 Sep 2023 - 0h
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407 - Nicholas Anthony on the Current Prospects and Legislative Developments Surrounding CBDCMon, 04 Sep 2023 - 0h
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406 - John Coates on *The Problem of Twelve: When a Few Financial Institutions Control Everything*Mon, 28 Aug 2023
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405 - Zac Gross on the Past, Present, and Future of Australian Monetary PolicyMon, 21 Aug 2023 - 0h
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404 - Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary StandardMon, 14 Aug 2023
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403 - Ricardo Reis on the Macroeconomics of Financial Crises and the Recent Inflation SurgeMon, 07 Aug 2023
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402 - Macro Lit Review 4: Highlights from Mid-2023 with George SelginMon, 31 Jul 2023 - 0h
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401 - Bryan Cutsinger and Louis Rouanet on the Politics and Dynamics of Hyperinflation in Revolutionary FranceMon, 24 Jul 2023 - 0h
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400 - Jesus Fernandez-Villaverde on Demographic Trends, Recent Macroeconomic Developments, and AI’s Implications for Economic GrowthMon, 17 Jul 2023 - 0h
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399 - Chris Conlon on the Post-COVID Inflation Surge and the Greedflation NarrativeMon, 10 Jul 2023 - 0h
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398 - Tim Lee on the Present and Future of AI and its Implications for PolicyMon, 03 Jul 2023 - 0h
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397 - Steven Kamin on the Global Influence of Fed Policy and the U.S. DollarMon, 26 Jun 2023 - 0h
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396 - Chris Hughes on the Legacy of Arthur Burns and its Implications for Macro Policy TodayMon, 19 Jun 2023 - 0h
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395 - Peter Stella on the Quasi-Fiscal Implications of Central Bank Crisis InterventionMon, 12 Jun 2023 - 0h
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394 - Christina Skinner on Central Bank Digital Currency as New Public MoneyMon, 05 Jun 2023
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393 - Gianluca Benigno on the Basics and Policy Functionality of R** and the Dollar’s Imperial CircleMon, 29 May 2023 - 0h
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392 - Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*Mon, 22 May 2023 - 0h
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391 - Jeanna Smialek on *Limitless: The Federal Reserve Takes on a New Age of Crisis*Mon, 15 May 2023 - 0h
