Adam Tooze: the world is seeing how the dollar really works | Curio
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Foreign Policy

Adam Tooze: the world is seeing how the dollar really works

14 mins | Aug 22, 2022
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2022 has been a year of dollar power that manifests in overt and subtler forms. Since the 1990s, a toolkit of devices for moderating dependence on the dollar and managing the risks attendant on financial globalization has made the global financial system more robust. Historian Adam Tooze reflects on how 2022 has revealed that the dollar system has the resilience it does because it is deeply entrenched and buttressed by commercial and geopolitical interests.
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