The Future of the US Dollar: Inflation, Politicization, and Alternative Currency | Tom Hogan

Подробнее о видео

In this episode of the AIER Standard, Ethan Yang sits down with AIER Senior Faculty and Former Senate Banking Committee Economist Tom Hogan to discuss the future of central banking. Their discussion gets to the root of today's pressing monetary issues, inflation, runaway spending, politicized Federal Reserve policy, and faltering confidence in money. They touch on the incentives and limitations that have driven central banking to where it is today from the prior status quo inspired by Milton Friedman and the gold standard. Finally, the conversation explores emerging ideas to reform the global monetary system, such as the idea of a Bretton Woods III based on commodity standards and the use of cryptocurrency.


*** Please note that the opinions expressed in this podcast are solely those of the host and her guests. They do not necessarily reflect the views of the American Institute for Economic Research. The content presented in this show is intended for educational purposes only, and should not be considered as financial advice. ***

1:30 Central Banking Experiments Post 2008
5:56 Monetary Policy During the Covid Era
7:30 Lessons from Milton Friedman
9:30 Overconfidence in Central Banking
12:30 An Emerging International Concern With Fiat
15:08 Using Central Banking for Political Ends
18:45 Can the Fed Address Income Inequality?
23:03 Who is Politically Pressuring the Fed?
25:10 Why Did Jerome Powell Give in to Politics
26:00 Bretton Woods III? How Do Commodity Standards Work?
29:25 Can Russia and China Replace the Dollar?
31:13 Will Getting Off Fiat Crash the Government?
34:54 Will Central Bankers Learn Their Lesson Today?
38:20 The Fed Has Not Learned Its Lesson
39:14 Can Cryptocurrency Be a Viable Replacement for Fiat?
42:00 Competition in Currency
43:43 How Can Crypto Discipline Fiat Currency
47:58 A New Crypto-US Dollar Financial System