The plumbing of the financial system is coming under strain like never before. On this week’s podcast, we speak with two legendary experts on how the money system works: Zoltan Pozsar of Credit Suisse and Perry Mehrling of the Frederick S. Pardee School of Global Studies. They explain the extreme level of stress we’re seeing, what the Fed has done to alleviate, what more needs to be done, and what the post-crisis future may look like.

How the Invention of Rope Gave Us Modern Civilization
36:51

Gita Gopinath on Why Interest Rates Have Surged All Around the World
51:44

Brendan Greeley on the Real 500-Year History of the Dollar
55:00