The reign of the dollar, at least as the world's reserve currency has distorted the US economy since the collapse of the Bretton Woods system.

We would live in a very different world if the Bancor existed. Instead we got all the things a dollar-denominated system of international trade predicted: the export of industry and the political unrest that followed a status demotion in practically all of middle America.

In the grand scheme of labor vs capital, the dollar reserve has been a heavy foot on the scale in favor of capital.

I realize there's a lot out there on the subject, but do you have any specific reading recommendations summarizing the effect of the US dollar's reserve currency status on middle America? It's a history I've been interested in learning.

Double this!