{"podcast":{"title":"The Human Action Podcast","slug":"the-human-action-podcast-1569402","podcast_index_feed_id":1569402,"rss_url":"https://mises.org/podcast-feed/127168","website_url":"https://mises.org/podcasts/human-action-podcast","image_url":"https://cdn.mises.org/images/2024-03/HAPod_2400_20240311.jpg","author":"Mises Institute","episode_count":150,"summary":"The Human Action Podcast features in-depth interviews on current topics in economics through an Austro libertarian lens.","last_synced_at":"2026-06-14T14:17:51.725947+00:00","page_url":"https://stenobird.com/podcast/the-human-action-podcast-1569402"},"episode":{"title":"The Fed's Real Job: Propping Up Dollar Reserve Currency Status","slug":"the-fed-s-real-job-propping-up-dollar-reserve-currency-status","published_at":"2026-06-13T14:31:00+00:00","page_url":"https://stenobird.com/podcast/the-human-action-podcast-1569402/the-fed-s-real-job-propping-up-dollar-reserve-currency-status","show_page_url":"https://stenobird.com/podcast/the-human-action-podcast-1569402","url":"https://mises.org/podcasts/human-action-podcast/feds-real-job-propping-dollar-reserve-currency-status","audio_url":"https://dts.podtrac.com/redirect.mp3/cdn.mises.org/2026-06/HAPod-553-20260613.mp3","summary":"Bob sits down with economists Alexander Salter and Joshua Hendrickson to discuss their new paper arguing that the standard Austrian critique of the Fed while correct, is fundamentally incomplete. They argue that the Fed's actual institutional role is to backstop U.S. dollar hegemony: the deliberately constructed post-Bretton Woods system in which the dollar serves as the world's reserve currency, U.S. Treasuries as the global safe asset, and the Fed as buyer of last resort for sovereign debt worldwide. Related: Hendrickson & Salter, \"Should We End the Fed? Can We?\": Mises.org/HAP553a","meta_description":"Bob sits down with economists Alexander Salter and Joshua Hendrickson to discuss their new paper arguing that the standard Austrian critique of the Fed wh…","key_points":[],"chapters":[],"topics":[],"duration_seconds":null,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-human-action-podcast-1569402/episodes/the-fed-s-real-job-propping-up-dollar-reserve-currency-status/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-human-action-podcast-1569402/the-fed-s-real-job-propping-up-dollar-reserve-currency-status.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}