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In the week when the Trump administration threatened criminal charges against Federal Reserve chair Jerome Powell, Yanis Varoufakis and Wolfgang Munchau expose the high-stakes power struggle to dismantle central bank independence and privatise the U.S. dollar. Added to Bulgaria’s controversial entry into the eurozone, Yanis and Wolfgang argue that the era of technocratic consensus is dead, replaced by a volatile new age of economic ‘techno-feudalism’ where the lines between state power and private profit have finally vanished.
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//TIMECODES//
00:00 – 00:58 – Cold open: central banking & politics
00:58 – 02:19 – Today’s topics
02:19 – 05:48 – Central bank independence in the US
05:48 – 08:15 – Sponsor: Private Internet Access
08:15 – 13:20 – Lawfare, democracy, and “privatising” the dollar
13:20 – 20:38 – Liberal case against central bank independence & multilateralism’s unravelling
20:38 – 22:44 – ECB limits & Europe’s rigidity
22:44 – 27:56 – Bulgaria joins the euro
27:56 – 33:55 – Euro design flaws and the fiscal union that never arrived
33:55 – 39:20 – Russia in the euro & Scottish independence: currency and real sovereignty
39:20 – 41:25 – Crisis of economic debate in the West
#UnHerd #JeromePowell #federalreservebank
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