1201 Pennsylvania Avenue, N.W., Suite 400
Washington, DC 20004
**This event will premiere on this page at 12:00 p.m. EDT, Thursday, October 15.**
Brendan Brown, drawing on themes from his just published dialogue book co-authored with Philippe Simonnot, 鈥淓urope鈥檚 Century of Crises under Dollar Hegemony鈥� (Palgrave Macmillan), discusses how the degradation of the U.S. monetary regime in the wake of the pandemic will influence Europe. The discussion will be moderated by Stephen Martus, founding partner of Macro Hedge Advisors LLP.
Brown hypothesizes that the outcome will be Germany exiting the present monetary union and forming a new one including itself and its small neighbors. This would be the third time since the U.S. emerged as the global monetary hegemon in 1920 that this unleashed in turn a German monetary shock to Europe 鈥� the two previous episodes including the German bubble and bust in the mid-late 1920s and then the birth of the hard Deutsche mark in the 1970s.
This new monetary union in Europe would be very different from the first 鈥� based on principles of sound money. The success of this 鈥淓uropean mark鈥� could in turn lead to a re-building of sound money forces in the U.S., so enfeebled in successive decades since Paul Volcker led the retreat from monetarism and collaborated with James Baker鈥檚 devaluation of the dollar in 1985-7. The realization could eventually dawn in Washington that the U.S. has much to gain from re-building US monetary hegemony based on a sound dollar and that the supposed gains from inflationary dollar hegemony have been illusory, never mind the soundbites of past Treasury Secretaries, including 鈥渢he dollar is our currency but your problem鈥�.
Murray will join Hudson Senior Fellow Dr. Rebeccah L. Heinrichs for a discussion on his conversations in the Middle East, the aftermath of the October 7 massacre, and the historical and moral dimensions of the ongoing conflict between Israel and the terrorists who seek to destroy it.
At Sea Air Space 2025, Senior Fellows Bryan Clark, Dan Patt, and Timothy A. Walton will discuss their findings with a panel of government and industry experts tasked with implementing these ideas.
The 华体会 Political Studies Policy Certificate Program gathers talented early career professionals for advanced study of American foreign and domestic policy and national security, led by policy experts and experienced government officials.
In this episode, experts discuss what regional powers such as the United Arab Emirates, Saudi Arabia, Egypt, T眉rkiye, and Qatar are doing in the Horn, their strategies and motivations, and the impact they might have on the region.
