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(1183)

How to Prepare for a Post-Dollar World with Inigo Fraser Jenkins

How to Prepare for a Post-Dollar World with Inigo Fraser Jenkins

People talk all the time about the potential for huge turning points in history. And they've been talking about the possibility of the US losing its dominant position in the international financial or...

24 Heinä 202546min

The NYC Landlords Most Worried About Zohran Mamdani

The NYC Landlords Most Worried About Zohran Mamdani

Probably the most controversial proposal from New York City Democratic mayoral nominee Zohran Mamdani is his promise to freeze the rent on a substantial chunk of rent-stabilized units in the city. The...

21 Heinä 202534min

Why the Damage to Fed Independence May Have Already Been Done

Why the Damage to Fed Independence May Have Already Been Done

There’s a long history of US presidents putting pressure on the Federal Reserve to lower interest rates, but the techniques have often been subtle or quiet in some way. Under President Trump, attacks ...

19 Heinä 202527min

Mayor Eric Adams on the Future of New York City

Mayor Eric Adams on the Future of New York City

Incumbent NYC Mayor Eric Adams didn't run in the Democratic primary. But he'll be on the ballot in November, running as an independent against Zohran Mamdani and probably a couple of other candidates ...

18 Heinä 202546min

What AI Is Already Doing to the Legal Industry

What AI Is Already Doing to the Legal Industry

If there's one thing that lawyers do a lot of, it's spending a prodigious number of hours going through documents. And they're often very well compensated for this work. So if there's one area where A...

17 Heinä 202548min

Why US Banks Are Trying to Turn Themselves Into Super Apps

Why US Banks Are Trying to Turn Themselves Into Super Apps

Rohit Chopra is a former director of the Consumer Financial Protection Bureau, which was created in the aftermath of the 2008 financial crisis. In this episode, we speak with him about the current sta...

14 Heinä 202554min

What NYC's Most Powerful CEOs Think About Zohran Mamdani

What NYC's Most Powerful CEOs Think About Zohran Mamdani

When socialist candidate Zohran Mamdani won the Democratic party's nomination for NYC mayor, top business leaders experienced a bout of hysteria. That's according to Kathy Wylde, the president and CEO...

11 Heinä 202544min

How a Geopolitical Analyst Predicts the Outcome of War

How a Geopolitical Analyst Predicts the Outcome of War

For investors, geopolitical risks are always lurking as a factor that could upend trades for obvious reasons. When war breaks out, it's crucial to have some kind of understanding of what it will mean ...

10 Heinä 202544min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
rss-sisalto-kuntoon
rss-rahamania
ostan-asuntoja-podcast
herrasmieshakkerit
rahapuhetta
sijoituspodi
rss-lahtijat
rss-karon-grilli
oppimisen-psykologia
lakicast
rss-startup-ministerio
rss-bisnesta-bebeja
rss-paasipodi
rss-yrittajan-mindset
rss-viisas-raha-podi
rss-draivi