Perry Mehrling on Trump's Echoes of the Nixon Shock
Odd Lots14 Mai 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.

Episoder(1187)

Lots More on the Two Troubled NYC Office Buildings Everyone's Talking About

Lots More on the Two Troubled NYC Office Buildings Everyone's Talking About

Over the past two weeks, two New York City office buildings have become major talking points in the market for commercial real estate. Troubles at 1740 Broadway led to the first loss in the AAA-rated ...

31 Mai 202422min

The Big Problem With the Modern Electricity Grid

The Big Problem With the Modern Electricity Grid

The modern electricity grid is a weird thing. The delivery of electricity is a natural monopoly, for kind of obvious reasons. Despite that, we still attempt to shoehorn market-based mechanisms into th...

30 Mai 202444min

Are We Doing Decarbonization Totally the Wrong Way?

Are We Doing Decarbonization Totally the Wrong Way?

The cost of solar has been plunging for years. Everyday there's a new headline about growing installation of renewables or batteries, or some other sign of progress when it comes to decarbonization. B...

29 Mai 202446min

How a Professional Sports Bettor Really Makes Money

How a Professional Sports Bettor Really Makes Money

The gambling industry in the US has exploded in recent years, and suffused every aspect of sports consumption. You can bet on who will win or lose just about any game in the world from your phone. In ...

27 Mai 202451min

Lots More With Luke Kawa on Memestock Mania 2.0

Lots More With Luke Kawa on Memestock Mania 2.0

Remember GameStop? The poster-child for 2021's memestock mania recently surged almost 5x in a matter of days — and it was all catalyzed by a few tweets from Keith Gill, aka "Roaring Kitty." So what's ...

24 Mai 202429min

How a DOJ Economist Approaches Antitrust in America

How a DOJ Economist Approaches Antitrust in America

The Department of Justice and the Federal Trade Commission have taken an invigorated approach to antitrust under the Biden administration, targeting companies for labor issues like non-competes, in ad...

23 Mai 202445min

Introducing: Big Take Asia

Introducing: Big Take Asia

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifti...

21 Mai 20241min

How to Succeed at Multi-Strategy Hedge Funds

How to Succeed at Multi-Strategy Hedge Funds

Multi-strategy hedge funds are all the rage right now. But there's also a lot of confusion about what exactly they do, and how the the so-called "pod shops" differ from more traditional hedge funds. I...

20 Mai 202448min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
livet-pa-veien-med-jan-erik-larssen
pengesnakk
tid-er-penger-en-podcast-med-peter-warren
utbytte
finansredaksjonen
morgenkaffen-med-finansavisen
lederpodden
rss-markedspuls-2
rss-pa-konto
boligbobla
rss-fa-makro
rss-investering-gjort-enkelt
rss-andelige-tanker-med-camillo