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(1183)

Lots More on What's Going On in Iran's Markets

Lots More on What's Going On in Iran's Markets

Iran is a huge country with a sizable stock market. And yet, years of sanctions and other restrictions mean it’s tough to even look up its stock prices (much less invest there.) In this episode, we ca...

27 Jun 202526min

The Company That Wants To Bring Back Supersonic Jet Travel

The Company That Wants To Bring Back Supersonic Jet Travel

We talk all the time about the US attempting to become a powerhouse in advanced manufacturing, but a lot of it just sounds like talk that's not going anywhere. But some companies are trying. Boom Supe...

26 Jun 202550min

Zohran Mamdani, the Socialist Who Could Be NYC's New Mayor (Rerelease)

Zohran Mamdani, the Socialist Who Could Be NYC's New Mayor (Rerelease)

Today's episode is a re-run of our interview from last month with Queens assemblyman Zohran Mamdani. On June 24, Mamdani won the first round of the Democratic primary for mayor of New York City, makin...

25 Jun 202547min

The Chinese Chip Giant That Could Be Nvidia's Biggest Threat

The Chinese Chip Giant That Could Be Nvidia's Biggest Threat

Right now, Nvidia stock is back near its all-time highs, thanks to seemingly unquenchable demand for its AI chips. When it comes to profiting off of this boom, Nvidia's lead and lock-in looks almost u...

23 Jun 202539min

Targeting Type 1 Diabetes (Sponsored Content)

Targeting Type 1 Diabetes (Sponsored Content)

Madison Carter is a fearless investigative reporter. She takes no day for granted because she lives with type 1 diabetes (T1D). Dr. Doug Melton is a world-renowned stem cell researcher and distinguish...

22 Jun 202517min

Giuseppe Paleologo on Quant Investing at Multi-Strat Hedge Funds

Giuseppe Paleologo on Quant Investing at Multi-Strat Hedge Funds

Quantitative investing is one of those terms that you hear all the time, but there's various explanations of what it actually means, or how quants actually make money. And of course, the term means di...

21 Jun 202529min

Zichen Wang's Exit Interview From America

Zichen Wang's Exit Interview From America

Zichen Wang is the writer of the Pekingnology newsletter, which translates important speeches and articles from China into English, and contextualizes them for Western readers. Over the past year, he...

20 Jun 202546min

Gillian Tett on Complex Derivatives and the Fifth Stage of Capitalism

Gillian Tett on Complex Derivatives and the Fifth Stage of Capitalism

After the GFC, there was a lot of angst over the fact that so much effort and brainpower went into designing complex derivatives, and other financial instruments. Not only was this seen as wasteful, t...

19 Jun 202547min

Populært innen Business og økonomi

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