JD Vance Wants To Ditch The Dollar’s Reserve Status

JD Vance Wants To Ditch The Dollar’s Reserve Status Tony Katz isn’t buying what JD Vance is selling on the dollar. “What is he talking about?” Katz said, reacting to the vice president’s recent comments questioning whether America should even want to be the world’s reserve currency. “And then why is he talking about it?” Vance has argued that reserve currency status is a raw deal — that it floods the country with “mostly useless imports,” hollows out domestic manufacturing, and effectively taxes American producers to subsidize American consumers. Katz brought in Phil Magness, the David J. Theroux Chair in...