From Corrupt to Broken: An Insider’s Analysis of the Fed, Feat. Danielle Dimartino Booth

An advisor to the Fed through the Great Financial Crisis to 2015 examines the latest in the largest monetary policy experiment in human history.

AccessTimeIconApr 30, 2020 at 7:00 p.m. UTC
Updated Dec 11, 2022 at 7:30 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

An adviser to the U.S. Federal Reserve through the Great Financial Crisis to 2015 examines the latest in the largest monetary policy experiment in human history.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

This episode is sponsored by ErisXThe Stellar Development Foundation and  Grayscale Digital Large Cap Investment Fundhttps://grayscale.co/coindesk.

Danielle DiMartino Booth is the CEO and chief strategist of Quill Intelligence. Before that, after correctly predicting the mortgage meltdown, she spent nine years as an adviser to Federal Reserve Bank of Dallas President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. That experience led her to write “Fed Up: An Insider's Take on Why the Federal Reserve Is Bad for America.”

In this episode, Danielle and NLW discuss:

  • How the Fed went from simply corrupt to corrupt and broken
  • Why we’ve been living through the largest experiment in monetary policy history
  • Why interest rates are the lowest they’ve been in 5,000 years
  • Why COVID-19 was the pin, not the balloon 
  • Why current Fed action compromises the Fed’s independence 
  • Why the market structure incentivizes consumption and risk investment over savings
  • Why risk investments have ceased to be risky because of Fed backstopping 
  • Why a key concern is a second wave of COVID-19 layoffs in industries beyond those already impacted

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.