Latest / Eurodollar University
False Dawn(s)
Space, the final metaphor. Why do central bankers offer spirographic, retrograde answers? Because they operate within a Ptolemaic paradigm - a geocentric model of our monetary system in which the central bank is the hub around which all else revolves. Why is unobservable, offshore credit fundamentally important? Because like dark matter and dark energy, this shadow money represents the broad majority of material and heat that constitute our monetary universe.
Which brings your podcaster to the 21st chapter of "The Courage to Act" authored by Ben Bernanke. There, the former chairman defends…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.