When Michael Lewis wrote The Big Short, there was an extra character in the story: The Federal Reserve System, the central bank of the US, which bought up bad debt on the balance sheets of big Wall Street banks and trading firms. To better understand the Fed’s role in the financial crisis of 2008, Michael turns to UC Berkeley economics professor Emi Nakamura. And in the process, we get a master class in how currency works, and why there’s still some gold in the vaults of the Fed.

For more, check out Emi Nakamura’s Macro Policy Lab.

Order The Big Short audiobook, now narrated by Michael Lewis, on Audible, Spotify, pushkin.fm/bigshort or wherever you get audiobooks.

When Michael Lewis wrote The Big Short, there was an extra character in the story: The Federal Reserve System, the central bank of the US, which bought up bad debt on the balance sheets of big Wall Street banks and trading firms. To better understand the Fed&rsquo;s role in the financial crisis of 2008, Michael turns to UC Berkeley economics professor <a href="https://econ.berkeley.edu/profile/emi-nakamura">Emi Nakamura</a>. And in the process, we get a master class in how currency works, and why there&rsquo;s still some gold in the vaults of the Fed.
For more, check out Emi Nakamura&rsquo;s <a href="https://www.macropolicylab.org/what-we-do">Macro Policy Lab</a>.
Order The Big Short audiobook, now narrated by Michael Lewis, on&nbsp;<a href="https://www.audible.com/pd/The-Big-Short-Inside-the-Doomsday-Machine-Audiobook/B0FJTH21JS?qid=1758041668&amp;sr=1-1&amp;ref_pageloadid=not_applicable&amp;pf_rd_p=83218cca-c308-412f-bfcf-90198b687a2f&amp;pf_rd_r=W8EJYNFBTNKENZERAF3F&amp;plink=MffxLjWat1SZzQ9C&amp;pageLoadId=8twGCD6I2yKFLwtS&amp;creativeId=0d6f6720-f41c-457e-a42b-8c8dceb62f2c&amp;ref=a_search_c3_lProduct_1_1">Audible</a>, <a href="https://open.spotify.com/show/4jMnkmyFmZT7j7R72nlNXz?si=b627a059b2e644cc">Spotify</a>, <a href="http://pushkin.fm/bigshort">pushkin.fm/bigshort</a> or wherever you get audiobooks.

Michael Lewis’s best-selling book The Big Short is now 15 years old. The Oscar-winning movie based on it came out a decade ago. To mark the occasion, Lewis has narrated a new audiobook of The Big Short. Here on his podcast, he and co-host Lidia Jean Kott are thinking about the legacy of the book, the movie, and the financial crisis of 2008. Michael catches up with the director of the movie, Adam McKay, as well as some of the real-life characters depicted by the likes of Ryan Gosling, Steve Carell and Jeremy Strong. He also calls up journalists, economists, and historians to make sense of the 2008 financial crisis and to understand how it still affects the world today.

Get your copy of The Big Short audiobook, narrated by Michael Lewis, on Audible, Spotify, Apple Books, pushkin.fm/bigshort or wherever you get audiobooks.

iHeartMedia is the exclusive podcast partner of Pushkin Industries.

Michael Lewis&rsquo;s best-selling book The Big Short is now 15 years old. The Oscar-winning movie based on it came out a decade ago. To mark the occasion, Lewis has narrated a new audiobook of The Big Short. Here on his podcast, he and co-host Lidia Jean Kott are thinking about the legacy of the book, the movie, and the financial crisis of 2008. Michael catches up with the director of the movie, Adam McKay, as well as some of the real-life characters depicted by the likes of Ryan Gosling, Steve Carell and Jeremy Strong. He also calls up journalists, economists, and historians to make sense of the 2008 financial crisis and to understand how it still affects the world today.
Get your copy of The Big Short audiobook, narrated by Michael Lewis, on <a href="https://www.audible.com/pd/The-Big-Short-Inside-the-Doomsday-Machine-Audiobook/B0FJTH21JS?qid=1758041668&amp;sr=1-1&amp;ref_pageloadid=not_applicable&amp;pf_rd_p=83218cca-c308-412f-bfcf-90198b687a2f&amp;pf_rd_r=W8EJYNFBTNKENZERAF3F&amp;plink=MffxLjWat1SZzQ9C&amp;pageLoadId=8twGCD6I2yKFLwtS&amp;creativeId=0d6f6720-f41c-457e-a42b-8c8dceb62f2c&amp;ref=a_search_c3_lProduct_1_1">Audible</a>, <a href="https://open.spotify.com/show/4jMnkmyFmZT7j7R72nlNXz?si=b627a059b2e644cc">Spotify</a>, <a href="https://books.apple.com/us/audiobook/the-big-short-inside-the-doomsday-machine/id1828393213">Apple Books</a>,&nbsp;<a href="http://pushkin.fm/bigshort">pushkin.fm/bigshort</a> or wherever you get audiobooks.
iHeartMedia is the exclusive podcast partner of Pushkin Industries.

Against the Rules: The Big Short Companion

Michael Lewis’s best-selling book The Big Short is now 15 years old. The Oscar-winning movie based on it came out a decade ago. To mark the occasion, Lewis has narrated a new audiobook of The Big Short. Here on his podcast, he and co-host Lidia Jean Kott are thinking about the legacy of the book, the movie, and the financial crisis of 2008. Michael catches up with the director of the movie, Adam McKay, as well as some of the real-life characters depicted by the likes of Ryan Gosling, Steve Carell and Jeremy Strong. He also calls up journalists, economists, and historians to make sense of the 2008 financial crisis and to understand how it still affects the world today.

Get your copy of The Big Short audiobook, narrated by Michael Lewis, on Audible, Spotify, Apple Books, pushkin.fm/bigshort or wherever you get audiobooks.

Michael Lewis&rsquo;s best-selling book The Big Short is now 15 years old. The Oscar-winning movie based on it came out a decade ago. To mark the occasion, Lewis has narrated a new audiobook of The Big Short. Here on his podcast, he and co-host Lidia Jean Kott are thinking about the legacy of the book, the movie, and the financial crisis of 2008. Michael catches up with the director of the movie, Adam McKay, as well as some of the real-life characters depicted by the likes of Ryan Gosling, Steve Carell and Jeremy Strong. He also calls up journalists, economists, and historians to make sense of the 2008 financial crisis and to understand how it still affects the world today.
Get your copy of The Big Short audiobook, narrated by Michael Lewis, on <a href="https://www.audible.com/pd/The-Big-Short-Inside-the-Doomsday-Machine-Audiobook/B0FJTH21JS?qid=1758041668&amp;sr=1-1&amp;ref_pageloadid=not_applicable&amp;pf_rd_p=83218cca-c308-412f-bfcf-90198b687a2f&amp;pf_rd_r=W8EJYNFBTNKENZERAF3F&amp;plink=MffxLjWat1SZzQ9C&amp;pageLoadId=8twGCD6I2yKFLwtS&amp;creativeId=0d6f6720-f41c-457e-a42b-8c8dceb62f2c&amp;ref=a_search_c3_lProduct_1_1">Audible</a>, <a href="https://open.spotify.com/show/4jMnkmyFmZT7j7R72nlNXz?si=b627a059b2e644cc">Spotify</a>, <a href="https://books.apple.com/us/audiobook/the-big-short-inside-the-doomsday-machine/id1828393213">Apple Books</a>,&nbsp;<a href="http://pushkin.fm/bigshort">pushkin.fm/bigshort</a> or wherever you get audiobooks.

Lender of Last Resort

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ed6d4d89-432d-41a7-a721-b38600eeb29a/transcript

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