BREAKDOWN: The End of an Era? Why Bitcoin and MMT Won the Week

BREAKDOWN: The End of an Era? Why Bitcoin and MMT Won the Week

Fed Chair Jerome Powell tried to make it seem like the end of an era, but didn’t inspire confidence in the central bank’s ability to lead in the era that comes next. This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. On The Breakdown’s Weekly Recap, NLW looks at the shifting sands of the global economy. He says Federal Reserve Chair Jerome Powell’s speech at Jackson Hole this week was an argument that an era that began in the 1970s is now closing. At the same time, he argues Powell did very little to provide a vision for what comes next. Instead, it is the alternative economic philosophies – Modern Monetary Theory on the one side, Bitcoin on the other – that are attracting people for a different vision of the future. This week on The Breakdown: Monday | How Much Should We Fear Post-Crisis Debt or Inflation? Feat. Adam Tooze Tuesday | An Unintended Consequence of Low Interest Rates? The Big Get Bigger Wednesday | The Battle to Get Dictator’s Seized Millions to 62,000 Venezuelan Health Heroes Thursday | Everything You Need to Know About Jerome Powell’s Jackson Hole Speech Friday | The Anxiety Index: 4 Fear Factors Shaping the Economy See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episoder(3968)

EOS The World Turns

EOS The World Turns

A blockchain project spearheaded by NEX Group is facing questions over its future. -AND- One of the biggest airlines in Russia has piloted a blockchain system for collecting data on plane refueling. -...

27 Aug 201811min

Changin’ On The Telephone

Changin’ On The Telephone

A feud between Bitcoin Cash’s developers could split the year-old cryptocurrency in two. -AND- Mt Gox’s former creditors can now submit proof of their claims in a newly-approved rehabilitation process...

24 Aug 201810min

SEC-ya later

SEC-ya later

The Securities and Exchange Commission has issued rejections to nine bitcoin exchange-traded fund (ETFs) proposals. -AND- Crypto startups are destroying millions of their own token supply to generate ...

23 Aug 201811min

Crypto Black Lotus

Crypto Black Lotus

The central bank in Thailand said it will launch its own digital currency by next year. -AND- New rules imposed by the Chinese government have led to a crackdown on blockchain and cryptocurrency media...

22 Aug 20189min

Insane in the Bitmain

Insane in the Bitmain

Two investing giants say they’re not involved in pre-IPO funding for Bitmain, despite reports to the contrary. -AND- Proposed changes to the $200 million Siacoin blockchain would ice out Bitmain’s mi...

21 Aug 20189min

CryptoTitties

CryptoTitties

A U.S. bitcoin trader has been indicted for alleged money laundering -AND- The SEC is going to decide the fate of yet another bitcoin ETF this week. -ALSO- Lightning Network is getting its own hacker...

20 Aug 20189min

Is Overstock a Bitcoin Price Index?

Is Overstock a Bitcoin Price Index?

Accusations of a cloned app mean that Ethereum’s gambling problem is only getting worse. -AND- Coinbase wins a patent for a secure bitcoin payments system. -ALSO- Chinese e-commerce giant JD.com rolls...

17 Aug 201810min

Intel’s New Vulnerability Foreshadows Big Trouble

Intel’s New Vulnerability Foreshadows Big Trouble

Ripple gives its blessing to a set of crypto exchanges for its xRapid service. -AND- Airbnb Co-Founder Backs $22 Million in Funding for Crypto Dealer SFOX. -ALSO- A newly-disclosed vulnerability in I...

16 Aug 201811min

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