Money on the Left
Money on the Left is a monthly, interdisciplinary podcast that reclaims money’s public powers for intersectional politics. Staging critical conversations with leading historians, theorists, organizers, and activists, the show draws upon Modern Monetary Theory and constitutional approaches to money to advance new forms of left critique and practice. It is hosted by William Saas and Scott Ferguson and presented in partnership with Monthly Review magazine. Check out our website: https://moneyontheleft.org Follow us on Bluesky
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Money on the Left
Never Let a Crisis Go to Waste w/Rohan Grey (Bonus Episode)
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In this bonus episode of Money on the Left, Rohan Grey joins co-hosts Scott Ferguson and Billy Saas to assess the epistemological and political implications of the Silicon Valley Bank (SVB) failure. While orthodox economics and law tell us that economic crises are essentially matters of private risk and market discipline, Rohan, Scott and Billy argue that blatant federal mediation throughout the ongoing SVB crisis exposes money’s public and contestable nature. Rather than another story of capitalist contradiction or bankers behaving badly, then, the SVB crisis opens contemporary money politics to a host of invaluable tools for a stable, just, and green transition: democratic state and municipal credit issuance; public digital banking; focused credit regulation and demand management; and full deposit insurance without arbitrary and destabilizing caps.
For more on the significance of the unfolding crisis, see Nathan Tankus, “Every Complex Banking Issue All At Once: The Failure of Silicon Valley Bank and Five Quick Implications.”
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Music by Nahneen Kula: www.nahneenkula.com