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(1185)

The Booming Business of Chinese Peptides

The Booming Business of Chinese Peptides

You probably already know someone doing peptides — the amino acids that form the basis of popular new drug treatments like Ozempic and Wegovy. Today there are peptides meant to help with everything fr...

19 Dec 202548min

Meet the Politician the AI Industry Is Trying to Stop

Meet the Politician the AI Industry Is Trying to Stop

The politics of AI are already exploding. Whether we're talking about data centers, electricity prices, labor displacement, water consumption, competition with China, or users of chatbots becoming psy...

18 Dec 202547min

MeatEater's Steven Rinella on the Economic History of Hunting

MeatEater's Steven Rinella on the Economic History of Hunting

When we think about America’s economic rise, we usually point to agriculture or the industrial revolution. But in the early days of colonization, one of the biggest economic drivers wasn’t crops or fa...

15 Dec 202554min

D.A. Wallach Explains Why Biotech VC Is So Different

D.A. Wallach Explains Why Biotech VC Is So Different

Most people think of venture capital as funding software startups or, these days, some new AI tool. But VC also plays a major role in developing new medicines and treatments. That’s the world of D.A. ...

12 Dec 202550min

This Is What It Takes to Get a Data Center Financed

This Is What It Takes to Get a Data Center Financed

Data centers are weird things. They're partly real estate assets. They're partly extremely advanced technological products. And they have to find a way to consume a tremendous amount of electricity fr...

11 Dec 202545min

Dan Ivascyn Is Excited About a New Era in Fixed Income

Dan Ivascyn Is Excited About a New Era in Fixed Income

In the years since the financial crisis, bond investors didn't get much return for taking on risk. With low interest rates and little sign of inflation, investors had to accept lower-quality assets to...

8 Dec 202557min

How Microsoft Excel Conquered Corporate America

How Microsoft Excel Conquered Corporate America

Excel. If you work in corporate America, that word either inspires laser-focused productivity or pure dread. Over the last 40 years, the spreadsheet software has become synonymous with the best — and ...

7 Dec 202518min

Affirm's Max Levchin Breaks Down How Buy Now, Pay Later Really Works

Affirm's Max Levchin Breaks Down How Buy Now, Pay Later Really Works

Max Levchin probably knows as much about online payments as anyone. He was part of the original "PayPal mafia" before going on to become co-founder and CEO of Affirm, the $22 billion player in the Buy...

5 Dec 202553min

Populärt inom Business & ekonomi

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