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.
What happens when we confuse price with value? We end up undervaluing care. We pollute more. And the financial sector is allowed to brag about how productive it is—while often just moving around existing value, […]
Dies ist die deutsche Dolmetscherspur. Das englische Original haben wir separat hochgeladen. In unserer Veranstaltungsreihe “Ökonomie jenseits der Schwäbischen Hausfrau” diskutierten wir am 12. April 2021 mit Tim Jackson. Er ist ökologischer Ökonom und Schriftsteller. […]
Every US president since Ronald Reagan has been telling the same myth: Tax gifts for the rich will trickle down to the rest of society. And society has has believed them. But trickle down has […]