Working Papers
Bank to the Future: Payment Stablecoins are Digital National Banknotes
History Working Paper 202602
September 30, 2026
Recorded at April 1, 2020.
Stephen A. Kotkin is a professor of history at Princeton and a fellow at the Hoover Institution. Kotkin is one of the nation’s most compelling observers of foreign affairs, past and present, and is now working on the third and final volume of his definitive biography of Josef Stalin. From that perspective, Peter Robinson and Kotkin discuss Trump’s response to the COVID-19 crisis, Kotkin’s thoughts on the Chinese leadership class and the advantages they may seek to exploit, and which country—China or the United States—will come to represent the more successful or compelling model to other nations.
To view the transcript of this conversation, click here.

Stephen Kotkin
Working Papers
History Working Paper 202602
September 30, 2026
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