The Flight to Dollars
James discusses the surprising flight into dollars during the 2008 financial crisis, despite the US being ground zero for the problems. He emphasizes the importance of credibility and warns against taking it for granted. The potential abuse of this power is a cause for concern.In this clip
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EconTalk
James Hamilton on Debt, Default, and Oil
Related Questions
Would money printing be a mechanism to prevent U.S. defaults as discussed in the episode ECONOMIC CRISIS: Ray Dalio's Warning For The Banking Collapse, US Dollar & Upcoming Recession and the clip Currency and Responsibility?
Would money printing be a mechanism to prevent U.S. defaults in the context of the episode ECONOMIC CRISIS: Ray Dalio's Warning For The Banking Collapse, US Dollar & Upcoming Recession and the clip Currency and Responsibility?