4.9 • 683 Ratings
🗓️ 3 November 2025
⏱️ 26 minutes
🧾️ Download transcript
Stephen Miran isn’t auditioning to run the Federal Reserve. He’s auditioning to destroy it. Like so many in Trump’s sphere, Miran was selected for his ability to appear like he’s doing the right thing and making the tough choices. In reality, he exists to destroy the thing he’s spent his entire life trying to be a part of. Miran is a highly educated and competent analyst whose academic veneer and projection of empathy belie his craven desire for power and to eradicate the independence of the Fed and place it under direct authority and control of the president. And make no mistake, when Jerome Powell’s term is up, this is who will be in charge of the Fed.
Chapters
Intro: 00:01:00
Chapter One: The Audition. 00:02:10
Chapter Two: The Power and Powers of the Fed. 00:07:15
Chapter Three: Who Is This Numbnut? 00:13:06
Chapter Four: Consistently Inconsistent. 00:18:34
Bring It Home, Max: 00:23:46
Resources
Federal Reserve Board: Stephen I. Miran
Barron’s: Last Year, Trump’s New Man at the Fed Thought Rates Were Too Low. What Changed
Miran’s Articles + White Papers
City Journal: Is Having the Reserve Currency Good for the U.S.?
Manhattan Institute: The Fed Isn’t as Independent as It Seems
Manhattan Institute: The Fed Doesn’t Need to Cut. Financial Conditions Are Already Loosening.
Manhattan Institute: The Fed Is Facing a Changed World. The Case Against Cuts.
Hudson Bay Capital: A User’s Guide to Restructuring the Global Trading System
Manhattan Institute: Reform the Federal Reserve’s Governance to Deliver Better Monetary Outcomes
--
If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, TikTok and Instagram at @UNFTRpod. Visit us online at unftr.com. Join our Discord at unftr.com/discord.
Become a member at unftr.com/memberships.
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.
Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is hosted by Max and distributed by 99.
Support the show: https://www.unftr.com/memberships
See omnystudio.com/listener for privacy information.
Click on a timestamp to play from that location
| 0:00.0 | This is a major podcast and we call it UNFTR. |
| 0:08.6 | I'm fucking the Republic is the name that is not safe for work. |
| 0:11.4 | We hate Reagan, Milton, Friedman, Rupert Murdoch, and Matt Gaines. |
| 0:13.9 | Talk socioeconomics, global markets, politics, and race. |
| 0:17.9 | Max, the host is basic and admits he likes Miami Vice. |
| 0:20.4 | 99 produces also she's a vegan and she's nice. |
| 0:22.9 | Mani Faces is the genius on the board behind the glass. |
| 0:26.7 | Together they produce this unbelievable fucking podcast. |
| 0:29.2 | Together they produce this unbelievable fucking podcast. |
| 0:32.0 | Together they produce this unbelievable fucking podcast. |
| 0:34.5 | Together they produce this unbelievable fucking podcast. |
| 0:37.3 | Oh, and yeah, by the way, |
| 0:39.4 | my name is Tom McGovern and just know that I'm a hired gun. |
| 0:42.0 | So if you're gonna hate somebody, please don't let me be the one. |
| 0:44.7 | Now you have the details of the show in the entire cast. |
| 0:47.2 | So listen to this unbelievable fucking podcast. |
| 0:49.6 | So listen to this unbelievable, this unbelievable, |
| 0:51.3 | so listen to this unbelievable looking hot. |
| 0:55.0 | Cast. |
| 1:01.0 | You know, I don't love doing hit pieces. Like, I really don't. But you know what I dislike more than hit pieces? Liars and opportunists. |
| 1:13.7 | Everywhere you look in this administration, that's what you find, as far as the eye can see. |
| 1:19.3 | But it's the ones who wrap themselves in faux empathy and policy doublespeak that fry my nuts the most. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from UNFTR Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of UNFTR Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.