How the US Dollar Became an International Wea...

Francis Fukuyama's essay “The End of History?” was published in the summer of 1989, a few months before the fall of the Berlin Wall. The essay's argument — that liberal democracy would not only defeat communism, but that its partisans might, in victory, miss the “courage, imagina ...  Show more

According to OpenAI President Greg Brockman, the models that escaped their sandbox and hacked into Hugging Face's servers had yet to go through alignment training. That they were able to break free of the testing environment was not a surprise to OpenAI, but what has happened sin ...  Show more

Send us a textThe sanctions on Russia’s central bank use the reserve currency status of the US dollar to punish an American adversary. Will the US dollar lose its exorbitant privilege? What currency might replace the US Dollar as a reserve currency?Patrick's Books:Statistics For ...  Show more

The U.S. and its allies have frozen the Central Bank of Russia’s foreign currency reserves, leading to questions about the safety of FX assets more broadly and the centrality of the U.S. dollar to the international financial system.

Important note regardin ...

Gideon talks to Wally Adeyemo, US deputy Treasury Secretary, about the power of US financial sanctions to punish autocrats and dictators and curb terrorism. What exactly are these sanctions designed to do and how effective are they? Clip: PBS

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The US hopes the threat of sanctions will dissuade Russia from invading Ukraine. Historian Nicholas Mulder explains the surprising history of economic penalties as a weapon of war. This episode was produced by Amina Al-Sadi, edited by Matt Collette and Sean Rameswaram, engineered ...  Show more