Bedrosian Book Club Podcast: “The Myth of Independence”

Congressional historian Sarah Binder joins neighbor and investment manager Mark Spindel in a look at the history of the relationship between the Federal Reserve and its legislative parent, Congress. The result is the Princeton University Press book The Myth of Independence: How Congress Governs the Federal Reserve.

Central to the book is the notion that the two institutions are interdependent rather than independent. The authors advocate that through legislation over the years, Congress has set up the Federal Reserve to bear the brunt of blame during times of financial crisis. This blend of political science, history, and economics was a hit for our panel. Why is it important to realize the relationship between Congress and the Fed is interdependent? What roles do transparency and accountability play in the relationship?

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Bedrosian Book Club Podcast: “Radical Markets”

In Radical Markets, Eric A. Posner and E. Glen Weyl envision new rules for markets in order to limit the tyranny of monopolies and majority rule with five revolutionary ideas to cure what they see as the most important issue of our time: inequality.

What are some of these “radical” ideas, and does our panel think they are the revolutionary ideas we need?

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