Professor Mark Blyth and Professor Adam Tooze explore how coronavirus is laying bare the hidden risks embedded within our financial systems and how central banks worldwide are scrambling to paper over those chasms of danger. To them, it seems that the Federal Reserve has rewritten its remit, and they discuss how rather than try and keep prices stable or keep unemployment low, the sole focus of the Fed right now seems to be supporting asset prices at any cost, even if that means bailing out leveraged entities who took on too much risk. They also discuss Europe and how this crisis is heightening the contradictions within the Eurozone and pushing the European banking system to the brink. Filmed on April 22, 2020.
Related Articles
Economics
RSA – David Harvey on Marx for the 21st Century
Professor David Harvey, the world’s leading expert on Karl Marx, explains the continued importance of Marx’s analysis and how we can apply it to today’s economy and society.
Economics
Richard Murphy – What are monetary and fiscal policy?
Great idea to do this. 99% of human beings (if not more) do not know the difference

Be the first to comment