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Robert Aro

Robert Aro is a Chartered Professional Accountant (CPA, CA) from Toronto and has a Master of Arts in
Austrian Economics from the Mises Institute’s graduate school. He writes on the Power &
Market blog on issues regarding the Federal Reserve and central banking. His work has been featured in
the popular financial blog and news aggregator ZeroHedge. In 2021, Robert’s “Express to City Center
ONE,” which explores the endless possibilities a stateless society can offer, placed third in the Free Private
Cities short story contest published in the Road to Liberty short stories collection, also available for
purchase on Amazon.

You can follow Robert under the name EconCircus on Twitter/X.

Articles

The MBS Slope n’ Swap

05/06/2026 Power & Market Robert Aro

If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in government debt.

The Shadow Chair

04/30/2026 Power & Market Robert Aro

A soft coup took place in D.C. last night, and Jerome Powell could stay in the bunker until 2028, if he so chooses.

Those Big, Beautiful Bonds

04/27/2026 Power & Market Robert Aro

Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.

View all Robert Aro articles

Media

The MBS Slope n’ Swap

05/06/2026 Robert Aro

If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in government debt.

Those Big, Beautiful Bonds

04/28/2026 Robert Aro

Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.

Robert Aro on the Fed’s Reverse Repo Trick

04/27/2026 Robert P. Murphy Robert Aro

Bob sits down with researcher Robert Aro to review his recent Mises.org article on why the widely anticipated post-QT crash never materialized.

View all Robert Aro media

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