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Praise for Paper Soldiers

“A true feat of revelatory journalism…. If you only read one book to understand American economic and political power in the world today, it should be this one.” —Christopher Leonard, New York Times bestselling author of Kochland and The Lords of Easy Money

“With thorough reporting and enlightening, propulsive writing, Saleha Mohsin ushers readers into the gilded rooms and global hotspots where the American dollar has shaped history.” —Toluse Olorunnipa, Pulitzer Prize–winning author of His Name Is George Floyd: One Man’s Life and the Struggle for Racial Justice

About Paper Soldiers

From Bloomberg News reporter Saleha Mohsin, the untold story of how one of America’s most invincible institutions—the Treasury—has used the U.S. dollar to define America’s role in the world, and our economic future.

In 1995, Treasury Secretary Robert Rubin re-defined the next thirty years of currency policy with the mantra, “A strong dollar is in America’s interest.” That mantra held, ushering in exceptional prosperity and cheap foreign goods, but the strong dollar policy also played a role in the devastating hollowing out of America’s manufacturing sector. Meanwhile, abroad, the United States increasingly turned to the dollar as a weapon of war. In Paper Soldiers, Saleha Mohsin reveals how the Treasury Department has shaped U.S. policy at home and overseas by wielding the American dollar as a weapon—and what that means in a new age of crisis.