How Trump’s tariffs broke the money machine (ft. economist Matt Sekerke)

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Is the financial system broken—or just misunderstood? Economist and author Matt Sekerke joins FUTUREPROOF. to challenge conventional wisdom on money, banking, and policy. In his new book Making Money Work (co-authored with Steve Hanke), he argues that fiat money is still king, the Fed doesn’t have as much power as we think, and the obsession with decentralization is distracting us from deeper issues. This episode dives into the real causes of inflation, how trade deficits actually work, and what it would take to restore trust in our economic institutions.

Topics Discussed:

• Why the Global Financial Crisis broke the system
• What monetary neutrality means—and why we’ve forgotten it
• The role of broad money supply in predicting recessions
• The myth of crypto’s superiority over fiat
• The misunderstood mechanics of trade deficits
• How Trump-era tariffs reshaped global finance
• Why China can’t yet lead a global financial system
• The future of central banking and financial trust

Pick up the book here.