The Classicist: “President 45”

Barry Eichengreen explores why the dollar still dominates—and what history tells us about the currencies that might one day challenge it.

On the latest GoodFellows: Is economic strangulation the key to achieving Iranian cooperation, or another misstep in the Persian Gulf? Is a sequel to “Woke 1” in the works? And does playing the race card in the aftermath of a former Cambridge University professor's suicide make his death even more tragic – and distract from another tragedy: declining academic tragedy?

There are a lot of problems with California’s proposed “billionaire tax,” Proposition 40. One of the biggest is how a billionaire might actually pay it. Tech founders usually have their wealth tied up in their companies. And they could not easily sell their shares to pay massive tax bills.