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

Avsnitt(1187)

The Big Trade Underneath the Strangely Calm Surface of the S&P 500

The Big Trade Underneath the Strangely Calm Surface of the S&P 500

For much of this year, the S&P 500 has marched steadily higher while measures of stock market volatility, like the VIX, have stayed pretty low. But looking at the headline index only tells you part of...

17 Juni 202450min

What a 'Degen' Crypto Trader Really Does All Day

What a 'Degen' Crypto Trader Really Does All Day

A few lucky people have made generational wealth trading the ups and downs of the crypto market. And some finance professionals have shifted gears to focus primarily on the space. But what is it like ...

14 Juni 202442min

How Indonesia and China Cornered the Nickel Market

How Indonesia and China Cornered the Nickel Market

There's been a huge change in the market for nickel, which goes into everything from electric vehicles to steel. Indonesia has grown to absolutely dominate production and now provides more than 55% of...

13 Juni 202445min

Elon Musk Dominates Outer Space Like Nobody Has Before

Elon Musk Dominates Outer Space Like Nobody Has Before

The company that Elon Musk is most known for, obviously, is Tesla. It's been extraordinarily successful and made him one of the richest people in the world. But his true love may be SpaceX, the rocket...

12 Juni 202448min

This Is How the Food Industry Is Preparing For a Post-Ozempic World

This Is How the Food Industry Is Preparing For a Post-Ozempic World

The rise of GLP-1 drugs, like Ozempic, is a potentially existential threat to the makers of salty, sugary, high-calorie snack foods. But it's obvious that the gigantic food industry will search out wa...

10 Juni 202447min

Lots More with Kyla Scanlon on the Economic Vibes

Lots More with Kyla Scanlon on the Economic Vibes

Kyla Scanlon has a great way of identifying the economic vibes, building up a massive TikTok following with videos about the Federal Reserve, inflation, markets, and more. She also coined the viral te...

7 Juni 202428min

Orsted's Americas CEO on Fixing What Went Wrong in Wind Power

Orsted's Americas CEO on Fixing What Went Wrong in Wind Power

Last year was a bad one for the US wind power industry, with lots of cancelled projects, writedowns, and an overall reassessment of how the math behind these mega projects might shake out in an era of...

6 Juni 202452min

Corporations Learned The Maximum Amount They Can Charge For a Product

Corporations Learned The Maximum Amount They Can Charge For a Product

What's the price of a hamburger? Well, it depends. Are you making the purchase on the spot? Did you order ahead using an app? Are you a frequent customer of the burger chain? With inflation having sur...

3 Juni 202455min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
rss-svart-marknad
svd-tech-brief
rss-borsens-finest
uppgang-och-fall
bathina-en-podcast
rss-dagen-med-di
rss-kort-lang-analyspodden-fran-di
rss-inga-dumma-fragor-om-pengar
avanzapodden
lastbilspodden
fill-or-kill
borsmorgon
24fragor
tabberaset
rikatillsammans-om-privatekonomi-rikedom-i-livet
montrosepodden