Review

The Future of the Dollar Lies Within

Dollar dominance is here to stay, if the United States can keep it. August 22, 2025, 3:11 PM Comment icon View Comments ( )

A historic image of two men stacking a huge pile of United States currency.

Talk of the U.S. dollar can have a frustratingly abstract, near-mystical quality to it. Even putting aside the crypto crowd’s pseudo-philosophizing about the future of money, when most commentators speak of the dollar as a “reserve currency,” it’s often imprecise and conjures up an image of greenbacks stored in central bank vaults. This, in turn, is meant to provide the United States with far-reaching economic superpowers.

Yet the fate of the dollar is nonetheless an important story to tell, especially these days. After April 2, when

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