The Dollar Kill-Switch: Edward Fishman on How The U.S. Controls The Global Economy

In this episode of Bankless, Ryan Sean Adams interviews Edward Fishman, a senior research scholar and former government official, about America's use of economic sanctions as a tool of power. Fishman provides a crash course on financial sanctions, explaining how the U.S. projects its power through "choke points" in the global economy, particularly the dominance of the dollar. The discussion covers the history of economic warfare, the impact of sanctions on countries like Iran and Russia, the role of Congress and the President in implementing sanctions, and the potential for cryptocurrencies and stablecoins to disrupt the existing financial order. Fishman argues that while economic sanctions can be a valuable tool for advancing American interests and preventing military conflicts, they should be used sparingly and with careful consideration of their potential consequences.