189 - When money dies: Notes on hyperinflati...

Alan Greenspan just died at 100, and he might be the most consequential person of the last 30 years that nobody talks about. We unpack the wild story of the jazz clarinettist turned Fed chairman, the Ayn Rand cult he came from, the "Greenspan Put" that quietly rigged Wall Street, ...  Show more

The country of the future has been stuck in the future for 100 years. We dig into Brazil's wild economic story; slavery, the secret "whitening" immigration policy that sent millions of Italians south, and why Brazilian football carries the weight of a whole nation's identity. Hos ...  Show more

The first reduction in interest rates for four years shows America’s Federal Reserve thinks inflation is now in check. But does the central bank’s decision suggest it is now concerned about the labour market? Ukraine wants its allies to provide long-range missiles (9:50). Our cor ...  Show more

The first <a href="https://www.economist.com/finance-and-economics/2024/09/18/why-the-federal-reserve-has-gambled-on-a-big-interest-rate-cut?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_arti ...

We all know that the Federal Reserve tries to stabilize the economy by raising or cutting interest rates to balance inflation and unemployment. But the central bank’s mandate actually goes beyond monetary policy. The Fed is also responsible for reviewing and distributing billions ...  Show more

We're used to talking about the Federal Reserve changing "benchmark interest rates." But the mechanics of how the central bank actually tightens or loosens policy are a lot more nuanced. For years now, the Fed's been doing this through the federal funds market — where US banks le ...  Show more