Jon Hartley and Barry Eichengreen discuss his background and research, the status of the US dollar as a world reserve currency, the yuan’s inability to gain traction despite China’s growth, the euro, transitions between world reserve currencies, the rise of public debt, and the history of fixed versus floating exchange rate regimes.

Recorded on August 18, 2026.

ABOUT THE SPEAKER

Barry Eichengreen is George C. Pardee & Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science at the University of California, Berkeley, where he has taught since 1987. He is a research associate of the National Bureau of Economic Research (Cambridge, Massachusetts) and research fellow of the Centre for Economic Policy Research (London, England). In 1997-98 he was senior policy advisor at the International Monetary Fund. His books include Money Beyond Borders: Global Currencies from Croesus to Crypto (2026), The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era (2018), How Global Currencies Work: Past, Present, and Future, with Livia Chitu and Arnaud Mehl, (2017), The Korean Economy: From a Miraculous Past to a Sustainable Future (Harvard East Asian Monographs) with Wonhyuk Lim, Yung Chul Park and Dwight H. Perkins, (2015), Renminbi Internationalization: Achievements, Prospects, and Challenges, co-edited with Masahiro Kawai, (2015), Hall of Mirrors: The Great Depression, The Great Recession, and the Uses-and Misuses-of History, (2015). He was awarded the Economic History Association's Jonathan R.T. Hughes Prize for Excellence in Teaching in 2002 and the University of California at Berkeley Social Science Division's Distinguished Teaching Award in 2004. 

Cast

Jon Hartley

Jon Hartley

Related

VIDEO

Should We Regulate AI (Before It's Too Late)?

Artificial intelligence could become one of the most consequential drivers of productivity and economic growth in a generation. Yet concerns about job displacement, misinformation, and political disruption have prompted calls to regulate the technology before its effects are fully understood. History shows that major innovations disrupt existing industries while creating new forms of work and enterprise that policymakers rarely anticipate. Premature regulation risks entrenching established firms, limiting competition, and expanding government influence over information. The challenge is to address genuine harms while preserving the freedom and experimentation that allow innovation to advance.

Videos

Incentives Are For Losers Featuring Adam Mastroianni

Adam Mastroianni and Russ Roberts explore what it takes to do the right thing when the incentives point the other way.

September 14, 2026

VIDEO

Is Minimum Wage A Dead End?

Minimum wage policy is intended to increase earnings for low-wage workers and reduce poverty. Evidence from state-level increases, however, shows that businesses may respond by changing how many people they employ, how many hours they offer, whom they hire, and how much work they automate. Workers who remain employed may earn more per hour, but others may lose income or job opportunities, while many of those who benefit do not live in poor households. The Earned Income Tax Credit (EITC) directs support toward low-income working families without putting other workers’ jobs or hours at risk.