Talk:Dollar hegemony

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[edit] copyright?

I just read the Henry C.K. Liu article... and I think it is straight-out copied. This article, unfortunately, doesn't appear to be much better.

The first paragraph (save the first sentance) seems to be a direct copy of Liu's article http://www.atimes.com/global-econ/DD11Dj01.html

Compare article...

History
The world's current international finance architecture is based on the US dollar as the dominant reserve currency. Ever since 1971, when US president Richard Nixon took the dollar off the gold standard (at $35 per ounce) that had been agreed to at the Bretton Woods Conference at the end of World War II, the dollar has been a global monetary instrument that the United States, and only the United States, can produce by fiat.

with Lui's article:

Ever since 1971, when US president Richard Nixon took the dollar off the gold standard (at $35 per ounce) that had been agreed to at the Bretton Woods Conference at the end of World War II, the dollar has been a global monetary instrument that the United States, and only the United States, can produce by fiat.

Then compare the paragraph that follows. Looks like a copyright violation to me. Nephron 05:22, 24 August 2005 (UTC)

I'm convinced this is copyright violation. The second paragraph of the version from 02:32, 29 May 2005 is word-for-word copy of Lui's article, with the exception of the first sentence and deletion of a few sentences in between. Nephron 19:14, 28 August 2005 (UTC)


Article has been reverted to the pre-copyvio version--Duk 19:13, 28 September 2005 (UTC)

[edit] Edits about old books and who coined the term

  1. Liu coined the term, this article should be about how he defines it. So keep out Hudson's ideas, they are already present in the Monetary hegemony article.
  2. Testiments to who coined which term and when the terms was coined does NOT belong in the article, but here on the talk page. Stop putting such discussion inside the article. A human 01:53, 17 March 2006 (UTC)

[edit] Who coined the term?

I removed this from the article, as it belongs here in the talk page: A human 02:03, 17 March 2006 (UTC)

Michael Hudson wrote in a post to The A-List on February 19, 2006: "I want to make clear that the term dollar hegemony is indeed Henry's [Henry C.K. Liu]."

Sorry, but Michael Hudson's quote notwithstanding, the term "dollar hegemony" clearly predates the 2002 date in the article. Trivially it is the title of Jean Gabriel's book "The Dollar Hegemony: Dollar, Dollarization, and Progress" published in 2000 and I believe it dates scrappedback to around WWII. I'll find further pre-dating references and post them here.
Given this, I believe this article needs to be completely rewritten. Gwernol 18:23, 17 March 2006 (UTC)

It is not about who coined the term...It is about what the term defines or refers to!! Since, Gwernol, Engwar, and Liu are not heavily versed in international finance, it is futile to argue with any of you for you have no understanding.

[edit] You Guys Don't Know

I would just like to spend this section thanking Gwernol, for not only redirecting attention from the point of discussion on which author coined the phenomenon, but how the actual phenomenon operates. Clearly, Henry Liu was attempting to promulgate a new label for a phenomenon (e.g. monetary hegemony, financial hegemony, currency supremacy, or dollar hegemony) that has been identified and analyzed on numerous occasions, which I find to be fraudulent and unscholarly conduct.

And if we are to be truly precise in who discovered this phenomenon first, it was actually Walter Bagehot in his work, Lombard Street: A Description Of The Money Market. Although the work identifies and discusses the phenomenon of British Monetary Hegemony, it does not give a term to it.

Many are attempting to take credit for the discovery of this phenomenon, when in fact it has existed for over 140 years.