Why The Dominant U.S. Dollar Refuses To Go Away

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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.

For years, people have been predicting the demise of the U.S. dollar as the global reserve currency. Although the U.S. economy has been shrinking as a share of the world's GDP, the dollar continues to grow ever more dominant. Yet its strength is increasingly cited as a factor behind economic problems around the world. On this week's Odd Lots, the economist David Beckworth, a research fellow at the Mercatus Center, explains the dollar's persistent and growing strength.

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