Critical
Is the dollar this era’s denarius? The greenback’s dominance seems in terminal decline
Donald Trump's actions, including the Iran conflict and USAID dismantling, are eroding global trust in the US, imperiling the dollar’s reserve currency status. Parallels with the Roman denarius and British pound illustrate the slow decline process. Losing this position means forfeiting seigniorage benefits, thus slowing economic growth. The author, a former chief economic advisor, warns that without policy reversal, the dollar's dominance is critically endangered, marking a pivotal moment for America's financial power and global standing.
LiveMint · Kaushik Basu · May 5, 2026 at 6:30 AM