Boom Bust Season 2 Episode 154 Creating Safe Assets, Stripping Banks of Power to Create Money

In this episode of Boom Bust, season 2 episode 154, titled "Creating Safe Assets, Stripping Banks of Power to Create Money," the show explores the role of central banks in creating safe assets in the financial system. The show examines how banks use their power to issue money and control the financial system, and argues that this power should be stripped away to prevent another financial crisis.

The guests on the show discuss the idea that central banks should be responsible for creating safe assets, such as government bonds, in order to prevent banks from taking excessive risks. The show explores how safe assets can be used to stabilize the financial system and prevent financial crises from occurring.

The episode also delves into the history of how banks have used their power to issue money and control the financial system. The guests on the show argue that this power should be taken away from banks and given to central banks, who can better regulate the financial system.

In addition to exploring the role of central banks in creating safe assets, the show also examines the role of fintech companies in disrupting the traditional banking industry. The guests on the show discuss how fintech companies are using technology to create new financial products and services that can bypass traditional banks.

Overall, this episode of Boom Bust provides an insightful look into the role of central banks in creating safe assets and regulating the financial system. The show offers a compelling argument for why banks should have less power in the financial system, and demonstrates the ways in which technology is disrupting traditional banking practices.