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.
Economics
Richard Murphy – How to fix the tax system
The effects of cuts to public spending in the name of austerity are clear to see. But what has happened to the tax system over this time? Tax expert and campaigner Professor Richard Murphy explains […]
Austerity
Tax Justice Network: Transforming local economies: the Preston Model
In this special extended edition of the May 2019 Taxcast we go to Preston in the North of England to see the Preston Model in action and how they’re transforming their local economy and democratising […]
Climate Crisis
David Graeber – Corona and Bullshit Jobs
Helle Panke spoke with David Graeber about the difference between so-called systemically relevant jobs and bullshit jobs, about the differences between the financial crisis and the current Covid crisis and what is to be done […]
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