Paper Soldiers

by Saleha Mohsin
Paper Soldiers
  • ISBN-13: 9780593539118
  • Author(s): Saleha Mohsin
  • Subject: Business & management
  • Publisher: Penguin Random House Group
  • Imprint: Portfolio
  • Publication Date: 19-03-2024
  • Format: h/b

Availability: In stock

£26.99
In 1995, Treasury Secretary Robert Rubin re-defined the next thirty years of currency policy with the mantra, 'A strong dollar is in America's interest.' That mantra held, ushering in exceptional prosperity and cheap foreign goods, but the strong dollar policy also played a role in the devastating hollowing out of America's manufacturing sector. Meanwhile, abroad, the United States increasingly turned to the dollar as a weapon of war. In Paper Soldiers, Saleha Mohsin reveals how the Treasury Department has shaped U.S. policy at home and overseas by wielding the American dollar as a weapon - and what that means in a new age of crisis. For decades, America has preferred its currency superpower - strong, the basis of a 'strong dollar' policy that attracted foreign investors and pleased consumers. Drawing on Mohsin's unparalleled access to current and former Treasury officials like Robert Rubin, Steven Mnuchin, and Janet Yellen, Paper Soldiers traces that policy's intended and unintended
About the book

In 1995, Treasury Secretary Robert Rubin re-defined the next thirty years of currency policy with the mantra, 'A strong dollar is in America's interest.' That mantra held, ushering in exceptional prosperity and cheap foreign goods, but the strong dollar policy also played a role in the devastating hollowing out of America's manufacturing sector. Meanwhile, abroad, the United States increasingly turned to the dollar as a weapon of war. In Paper Soldiers, Saleha Mohsin reveals how the Treasury Department has shaped U.S. policy at home and overseas by wielding the American dollar as a weapon - and what that means in a new age of crisis. For decades, America has preferred its currency superpower - strong, the basis of a 'strong dollar' policy that attracted foreign investors and pleased consumers. Drawing on Mohsin's unparalleled access to current and former Treasury officials like Robert Rubin, Steven Mnuchin, and Janet Yellen, Paper Soldiers traces that policy's intended and unintended