Dan McDowell is an associate professor of political science at Syracuse University, and he is the author of a new book titled, *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar.* Dan joins Macro Musings to talk about this new book and the prospects for de-dollarization around the world. David and Dan also discuss the mechanics and effectiveness of financial sanctions, the renminbi as a rival to the dollar, Russia and Turkey as case studies, and more. Transcript for this week's episode Dan's Twitter: @daniel_mcdowell Dan's website Dan's Syracuse University profile David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Join the Macro Musings mailing list! Check out our new Macro Musings merch! Related Links: *Bucking the Buck: US Financial Sanctions and the International Backlash against the Dollar* by Dan McDowell *What's Driving Dollar Doomsaying?* by Paul Krugman *Renminbi's Share of Trade Finance Doubles Since Start of Ukraine War* by Hudson Lockett and Cheng Leng

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“What did the council decide on item 42?” — answered with the speaker and the moment.