Is America’s Edge Fading? Steve Hanke on Dollar Dominance

Steve Hanke argues that U.S. exceptionalism and dollar dominance are not fading despite concerns about de-dollarization. He highlights the depth of U.S. capital markets as the key driver and advises investors to be cautious and consider hedging, though many risks are unhedgeable. - Steve Hanke explains why dollar dominance is not fading. - He emphasizes the strength and depth of U.S. capital markets. - He says at the margin there is minor chipping away but overall dollar dominance is increasing. - He criticizes bipartisan interventionist policies as national socialism. - He advises investors to be vigilant and consider hedging. - He notes that many commodities and risks are not hedgeable. - The discussion touches on the difficulty of hedging in the current environment. - The host underscores the complexity and need for diversification.