Eswar Prasad - Author of The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance. Eswar is a Senior Professor at Cornell University, a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund's Research Department and, before that, was the head of the IMF's China Division.

What we discuss in this episode:

• Is the dollar still the world’s safest currency, even after the financial crisis?

• What does it mean that the US is $17 trillion in debt? Is debt bad?

• At what point does the United States have to pay back its debt?

• How does the euro compare to the dollar?

• Is China a safe place to invest?

Notable quotes from Eswar: