Ep. 325: Chris Hughes on Misunderstood Fed Chairs, Fed Balance Sheet and Offshore Dollars

Chris Hughes is an economist and author who now serves as Chair of the Economic Security Project, a leading nonprofit advocating for economic power for all Americans. Chris was a cofounder of Facebook. He is the author of  ‘Fair Shot: Rethinking Inequality and How We Earn’ and ’Marketcrafters’. In this podcast we discuss: 

• Understanding market crafters that use state power to shape markets 
• Importance of Bretton Woods collapse in late 1960s/1970s 
• Eurodollar and offshore dollar markets 
• What people get wrong about Fed Chair Arthur Burns 
• Paul Volckers’ mistakes 
• Large Fed balance sheet and QE/QT 
• Can the Fed remain independent?  
• Rise of anti-trust policies  

 You can follow Chris’ work here.  

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