Nobel economist Paul Krugman takes a jab at Elon Musk and says dollar dominance isn’t worth much to America.


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Nobel economist Paul Krugman. Brendan McDermid/Reuters Paul Krugman said dollar dominance is overrated, and isn't worth more to America than "a fraction of 1% of its GDP." The Nobel Prize-winning economist criticized Elon Musk for being among those warning that the US is "weaponizing" the dollar. "So ignore all the dollar doomers out there. Or better yet, consider what their hyping of a nonissue says about their own judgment," he wrote in a New York Times op-ed. Nobel Prize-winning economist Paul Krugman said that the dollar's dominance of global trade and investment flows is overrated, and isn't worth more to...