The Econoclasts is a new podcast from UnHerd hosted by economist Yanis Varoufakis and journalist Wolfgang Munchau. While they don’t always agree politically, they are united in one conviction: the consensus is rotten. Mainstream economics has consistently failed to predict the events that shape our world, yet this broken orthodoxy still dominates policy and media. Each week, they choose two pillars of the established orthodoxy — the “settled facts” — and shatter them, cutting through the spin to connect the dots between money, geopolitics, and the real forces shaping our future.
Curated by: UnHerd (58 videos)
📰 Subscribe to UnHerd today at: https://bit.ly/3Qdkd5y In this episode of The Econoclasts Yanis Varoufakis debunks the widespread belief that China is actively trying to dethrone the US dollar as the world's reserve currency, first by turning the yuan into the common currency of BRICS+ before later using it as a bulwark to end dollar’s reign. Does Beijing indeed want the burden of the reserve currency, and if not, what methods will it deploy to bypass US sanctions and escalating Western pressure? The Econoclasts is the new podcast from UnHerd in which Yanis Varoufakis and Wolfgang Munchau each week pick pillars of the economic orthodoxy - so-called 'settled facts' - and shatter them. Why? Because, while they don't always agree politically, they’re united in one conviction: the consensus is rotten and the establishment's model is failing. Watch it on the UnHerd website: https://unherd.com/watch-listen/chinas-real-plan-for-the-dollar/ Listen to the podcast: plinkhq.com/i/1685475850 Follow UnHerd on social media: Twitter: https://x.com/Econoclasts Facebook: https://www.facebook.com/unherd/ Instagram: https://www.instagram.com/unherd/ TikTok: https://www.tiktok.com/@unherdtv //TIMECODES// 00:00 - 01:45 - Why is the dollar the world’s reserve currency? 01:45 - 18:35 - Does China really want to replace the dollar? 18:35 - 23:15 - What is the alternative currency regime? 22:45 - 23:15 - Closing thoughts #UnHerd #dedollarisation #China