Two years ago, Minnesota Republican Michele Bachmann made one of her first impressions on the national consciousness by railing against what she said was an Obama administration plan to replace the dollar with a global currency. The argument was a bit of misdirection — there’s never been any discussion of replacing the dollar domestically. But there was talk in those days, encouraged by the administration, of elevating the role of the International Monetary Fund’s special drawing rights to supplement and possibly supplant the dollar as the world’s reserve currency.
The Last Days of the Dollar Era
Two years ago, Minnesota Republican Michele Bachmann made one of her first impressions on the national consciousness by railing against what she said was an Obama administration plan to replace the dollar with a global currency. The argument was a bit of misdirection — there’s never been any discussion of replacing the dollar domestically. But […]
July 29, 2011
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Global Collaboration. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Learn how to overcome barriers when working globally.