# Robert Aro on the Fed's Reverse Repo Trick Page: https://stenobird.com/podcast/the-human-action-podcast-1569402/robert-aro-on-the-fed-s-reverse-repo-trick Text version: https://stenobird.com/podcast/the-human-action-podcast-1569402/robert-aro-on-the-fed-s-reverse-repo-trick.md Podcast: [The Human Action Podcast](https://stenobird.com/podcast/the-human-action-podcast-1569402) Published: 2026-04-27T20:00:28+00:00 Episode link: https://mises.org/podcasts/human-action-podcast/robert-aro-feds-reverse-repo-trick Audio file: https://dts.podtrac.com/redirect.mp3/cdn.mises.org/2026-04/HAPod-547-20260427.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-human-action-podcast-1569402/episodes/robert-aro-on-the-fed-s-reverse-repo-trick ## Resource Bob sits down with researcher Robert Aro to review his recent Mises.org article on why the widely anticipated post-QT crash never materialized. They trace the answer back to the Fed's reverse repo facility, which quietly injected trillions back into the financial system even as the official balance sheet was shrinking, and what the depletion of that buffer might mean for what comes next. Related: Robert's Power & Market Post, "Why the Crash Was Delayed": Mises.org/HAP547a Bob’s Article, “The Inverted Yield Curve and Recession”: Mises.org/HAP547b The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-human-action-podcast-1569402/episodes/robert-aro-on-the-fed-s-reverse-repo-trick/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-human-action-podcast-1569402/robert-aro-on-the-fed-s-reverse-repo-trick.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.