US President Donald Trump has been making headlines with his recent tariff threats and security alliance shifts. A paper by former US Treasury official Stephen Miran, now set to lead the White House Council of Economic Advisers, suggests a “Mar-a-Lago accord” aimed at weakening the dollar and reordering global trade.
Miran’s vision includes significant changes to the financial system, which has received less attention than his proposal to deliberately devalue the US currency. To better understand Miran’s ideas and their potential impact on currencies and global economics, host Stephanie Flanders discusses this with guests Shawn Donnan and Mark Sobel.
Their conversation explores the intellectual and practical sense of Miran’s plan, as well as its potential consequences if implemented. Will this global trade plan at Mar-a-Lago make sense or disrupt the world economy?
Source: https://www.bloomberg.com/news/articles/2025-03-12/podcast-stephen-miran-the-man-behind-a-grand-mar-a-lago-plan