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(1180)

Risky Business Preview

Risky Business Preview

Here’s a preview of another podcast we enjoy, Risky Business with Nate Silver and MariaKonnikova. Risky Business is a weekly podcast about making better decisions. Hosted byjournalist and psychologist...

23 Marras 20253min

Why America's Cattle Ranchers Keep Getting Squeezed

Why America's Cattle Ranchers Keep Getting Squeezed

The country's cattle herd has shrunk to its smallest size in decades and beef prices have been soaring this year, with hamburgers and steaks becoming the latest flashpoints in the political debate ove...

22 Marras 202543min

What Susan Collins Wants to See Before Supporting Another Rate Cut

What Susan Collins Wants to See Before Supporting Another Rate Cut

In early November, it looked like almost a sure thing that the Federal Reserve would cut rates. Since then, the odds have come in dramatically, as a number of FOMC members have been talking about pers...

21 Marras 202547min

Tyler Cowen on Why AI Hasn't Changed the World Yet

Tyler Cowen on Why AI Hasn't Changed the World Yet

In many respects, AI technology is already mind-blowing, and can perform many tasks far better than the average person. And yet by and large, its impact has been hard to detect. We haven't seen some h...

20 Marras 202551min

The Politics of AI Are About to Explode

The Politics of AI Are About to Explode

AI wasn't much of a topic in the 2024 election. But it will almost certainly be big in 2028, and probably even the 2026 midterms. There are concerns about all the money being spent and whether a feder...

19 Marras 202545min

Jeffrey Gundlach Says Almost All Financial Assets Are Now Overvalued

Jeffrey Gundlach Says Almost All Financial Assets Are Now Overvalued

Stocks are overpriced. Bonds are overpriced. And private assets are a powder keg. This is the view of Jeffrey Gundlach, the founder and CEO of DoubleLine Capital. As part of our 10-year anniversary ce...

17 Marras 202559min

Citi's Dirk Willer on How You Know When the Bubble Is Over

Citi's Dirk Willer on How You Know When the Bubble Is Over

According to Dirk Willer, the Global Head of Macro Strategy at Citigroup, we are definitely in bubble territory. Per his research, the stock market has been in a bubble since May. Unlike many people, ...

15 Marras 202539min

Why Paul Kedrosky Says AI Is Like Every Bubble All Rolled Into One

Why Paul Kedrosky Says AI Is Like Every Bubble All Rolled Into One

In recent weeks, there's been renewed anxiety about the sustainability of the AI boom. This is partly due to comments from OpenAI CFO Sarah Friar about a possible role for a government backstop in the...

14 Marras 202547min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
rss-rahapodi
mimmit-sijoittaa
ostan-asuntoja-podcast
rss-rahamania
rss-sisalto-kuntoon
rahapuhetta
sijoituspodi
herrasmieshakkerit
rss-laakispodi
rss-bisnesta-bebeja
rss-karon-grilli
rss-draivi
rss-sami-miettinen-neuvottelija
rss-lahtijat
rss-seuraava-potilas
rss-paasipodi
rss-tyoelamasta-podcast
rss-myynnin-mehustamo