Dollar Dominance: Why the World Runs on US Dollars Dollar dominance is one of the most powerful and least understood facts about the modern world. The US dollar is not just America’s money — it is, in a very real sense, the world’s money. It is used to price oil, to settle international trade between … Read more
What Is Money? Why a Piece of Paper Has Value What is money, really? Take a dollar bill out of your wallet and look at it. It is a rectangle of cotton and linen with ink on it. Objectively, it is nearly worthless as an object. You cannot eat it, wear it, or build with … Read more
One Shopping Report, and the Whole World Felt It On Friday, August 14, 2026, the US government released a routine monthly report: how much money Americans spent at stores in July. The number came in at minus 0.6% — meaning people spent less than the month before. Experts had expected a small increase of 0.1%. … Read more