Understanding money and the dollar system’s contradictions with Radhika Desai & Michael Hudson


YouTube has the video Understanding money and the dollar system’s contradictions with Radhika Desai & Michael Hudson.

Economists Radhika Desai and Michael Hudson explain the relations between money and debt, their role in imperialism, and the rise of the US dollar system.

This is the third episode of their Geopolitical Economy Hour” series.


Very educational talk. They introduced some ideas I had not considered despite years of reading Michael Hudson’s books. I certainly have some questions about some of the things they said. Questions to stimulate further research, not questions to challenge what they said.

I took some quick notes to use for that further research.

№116 Beyond the Dollar Creditocracy: A Geopolitical Economy .

We are Witnessing the birth of a new monetary order” – March 2022 article by a Credit Suisse expert. Zoltan Pozsar. “Great Power Conflict puts the dollar’s exorbitant privilege under threat” in Financial Times

Nouriel Rubini – “A bipolar currency regime will replace the dollar’s exorbitant privilege” – Financial Times

Kindelberger promoted dollar hegemony. I think I may have taken a course from Kindelberger when I was in college. The World in Depression, 1929–1939.
MIT Professor Kindleberger dies at 92

Indian Currency and Finance” John Maynard Keynes

Marcello de Cecco “Money and Empire

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