Paper Soldiers: How the Weaponization of the Dollar Changed the World Order - Hardcover
$30.00
Skip to product information
Paper Soldiers: How the Weaponization of the Dollar Changed the World Order - Hardcover
$30.00
by Saleha Mohsin (Author)
"Incisive debut treatise... Mohsin brings to the proceedings a reporter's eye for story" -- Publisher's Weekly
From Bloomberg News reporter Saleha Mohsin, the untold story of how one of America's most invincible institutions--the Treasury--has used the U.S. dollar to define America's role in the world, and our economic future. In 1995, Treasury Secretary Robert Rubin re-defined the next thirty years of currency policy with the mantra, "A strong dollar is in America's 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 America's 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 Mohsin's unparalleled access to current and former Treasury officials like Robert Rubin, Steven Mnuchin, and Janet Yellen, Paper Soldiers traces that policy's intended and unintended consequences, including the rise of populist sentiment and trade war with China--culminating in an unprecedented attack on the dollar's pristine status during the Trump presidency--and connects the dollar's weaponization from 9/11 to the deployment of crippling financial sanctions against Russia. Ultimately, Mohsin argues that, untethered from many of the economic assumptions of the last generation, the power and influence of the American dollar is now at stake. With first-hand reporting and fresh analysis that illustrates the vast, often unappreciated power that the Treasury Department wields at home and abroad, Paper Soldiers tells the inside story of how we really got here--and the future not only of the almighty dollar, but the nation's teetering role as a democratic superpower.Author Biography
Saleha Mohsin is the Senior Washington Correspondent for Bloomberg News, covering policy, politics, and power in Washington, D.C. An Ohio native, she previously lived in Oslo, Norway, and in London.
Number of Pages: 304
Dimensions: 1.3 x 9.2 x 5.9 IN
Publication Date: March 19, 2024
Details
This product is crafted with quality materials to ensure durability and performance. Designed with your convenience in mind, it seamlessly fits into your everyday life.
Shipping & Returns
We strive to process and ship all orders in a timely manner, working diligently to ensure that your items are on their way to you as soon as possible.
We are committed to ensuring a positive shopping experience for all our customers. If for any reason you wish to return an item, we invite you to reach out to our team for assistance, and we will evaluate every return request with care and consideration.
