Perry Mehrling on Trump's Echoes of the Nixon Shock
Odd Lots14 Touko 2025

Perry Mehrling on Trump's Echoes of the Nixon Shock

There's been a lot of talk recently about parallels between Donald Trump's economic policies and the Nixon Shock of the early 1970s. That was when the former president took the dollar off the gold standard, introduced hefty tariffs, and pressured the Federal Reserve to ease monetary policy. The moves sparked stagflation in the US and shook up the global monetary order. Now, given Trump's determination to rebalance the US relationship with global trading partners and his criticism of the Fed, could history repeat itself? On this episode, we speak with Perry Mehrling, professor of international political economy at Boston University's Pardee School of Global Studies, and the author of the book Money and Empire. We talk to him about similarities and differences between the Trump administration's current economic policies and the Nixon Shock, as well as why he thinks dollar dominance won't be dislodged anytime soon.

Read more:
Dollar Poised for Worst First 100 Days of Presidency Since Nixon
The Problem With the Fed Isn’t Independence, It’s Accountability

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

See omnystudio.com/listener for privacy information.

Jaksot(1186)

The Next Stage of the Credit Cycle with Oaktree’s Poli

The Next Stage of the Credit Cycle with Oaktree’s Poli

This week, the Fed cut benchmark rates by 50 basis points. Lower financing costs should be a relief for companies that need to borrow in the form of bonds or loans. But, the weird thing about the prev...

19 Syys 202447min

Pimco CIO Dan Ivascyn on the Biggest Fed Decision in Years

Pimco CIO Dan Ivascyn on the Biggest Fed Decision in Years

It’s Fed Day, and while everyone expects the central bank to cut benchmark interest rates, the key question is by how much? Will it be 25 basis points or 50? Investors are evenly split between the two...

18 Syys 202446min

How Josh Brown Created A Financial Media Empire

How Josh Brown Created A Financial Media Empire

15 years ago was a pivotal moment for financial media. On the one hand, we were in the midst of a huge financial crisis, which shook everything up and exposed how little we knew about our own world. I...

16 Syys 202449min

Security, Bookmarked: Finance (Sponsored Content)

Security, Bookmarked: Finance (Sponsored Content)

Financial institutions have been a leading target for cyber crime since the dawn of the internet. But phishing schemes have become far more intricate, and cyber heists go beyond stealing money from a ...

15 Syys 202422min

Lots More With Isabella Weber on Draghi's EU Competitiveness Report

Lots More With Isabella Weber on Draghi's EU Competitiveness Report

This week, former European Central Bank President and Italian Prime Minister Mario Draghi published a long-awaited report examining ways to make the European economy more competitive. The report comes...

13 Syys 202431min

Adam Tooze on the Big Misconceptions of the Chinese Economy

Adam Tooze on the Big Misconceptions of the Chinese Economy

One of the big buzzwords over the last year or so has been "overcapacity." There's a constant line of argument that China is unfairly flooding the world with unprofitable goods and creating huge, unsu...

12 Syys 202449min

US Trade Rep Katherine Tai Describes the New Era of Globalization

US Trade Rep Katherine Tai Describes the New Era of Globalization

One of the rare areas of bipartisan consensus in the US right now, is on the need to change our trading relationship with China. Former President Donald Trump started a process of putting tariffs on C...

9 Syys 202456min

The Booming Crypto Use Case That's Happening Right Now

The Booming Crypto Use Case That's Happening Right Now

Pretty much since the moment that cryptocurrencies came into existence, there's been a chorus of skeptics who argue that they solve no real world use cases, except for gambling and speculation. For a ...

6 Syys 202451min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
rss-rahamania
ostan-asuntoja-podcast
hyva-paha-johtaminen
rss-lahtijat
rss-sisalto-kuntoon
rss-seuraava-potilas
rss-sami-miettinen-neuvottelija
rss-startup-ministerio
herrasmieshakkerit
rahapuhetta
lakicast
rss-porssipuhetta
asuntoasiaa-paivakirjat
rss-set-for-life-sijoita-ja-vaurastu
rss-viisas-raha-podi
rss-vaikuttavan-opettajan-vierella