Speaking in 2010, Dr. Robert Mundell, the Nobel Laureate and iconoclastic dean of international monetary economics, made an intriguing observation. The global economy was like a solar system, he said. And for many decades, due to the overwhelming size of American GDP, the US dollar had been like the sun, the behemoth at the center […]
Author Archives: Sean Rushton
Rushton is director of the Project on Exchange Rates and the Dollar at the Jack Kemp Foundation.