Economics & Beyond with Rob Johnson

Alan Blinder: Looking Back and Looking Ahead: 15 Years After the Lehman Collapse

Former Fed vice chair and Princeton University economics professor Alan Blinder takes a close look at what lessons still remain to be learned in the aftermath of the Great Financial Crisis.

Thomas Ferguson: The Lehman Disaster and Why It Matters Today

On September 15, 2008, Lehman Brothers, a giant investment bank with a storied history, filed for bankruptcy. The shock was profound; world markets melted down.  

Over the next few days, one financial behemoth after another, including American International Group (AIG), Washington Mutual, and Wachovia collapsed. The crown jewels of Wall Street – Morgan Stanley and Goldman Sachs – slid toward the abyss. The Federal Reserve, the Treasury, and other regulators were forced to step in, sometimes in conjunction with famous private investors, to rescue the system. The government in effect nationalized AIG and, after two cliffhanging votes in Congress, it directly injected capital into leading private banks. 

Ever since then, debates have raged about why the authorities – the Fed and the Treasury -- allowed Lehman to go broke, after earlier helping to salvage a series of other institutions. 

In this Podcast, INET President Robert Johnson and INET Research Director Thomas Ferguson review those dramatic events. They also draw disquieting parallels between the Lehman debacle and more recent episodes of financial deregulation, including recent controversies over crypto and private equity.  

Christian Madsbjerg: How to Pay Attention in a Turbulent Distracted World

In a world that increasingly promotes distraction and isolation, the ability to pay attention to each other has become ever more important. Philosopher Christian Madsbjerg talks to Rob about his new book, Look, which outlines how we can recapture our ability to pay attention.

Steven Herrmann: The Shaman’s Call and Finding Your Inner Voice

Steven Herrmann, Jungian psychoanalyst and author of the books, William James and C. G. Jung and of William Everson: The Shaman’s Call, among others, engages in a wide-ranging conversation about finding one's calling, the poet William Everson, and the importance of dreams.

Referenced during the podcast: Robinson Jeffers on Moral Beauty, the Interconnectedness of the Universe, and the Key to Peace of Mind by Maria Popova

Simon Johnson: Our Thousand-Year Struggle over Technology and Prosperity

Simon Johnson, the co-author of the just-released book Power and Progress (co-authored with Daron Acemoglu), discusses the book, what new technologies hold in store for us, and how societies might better manage and govern them.

Brendan Ballou: Plunder - Private Equity’s Plan to Pillage America

Brendan Ballou, talks to Rob about his forthcoming book, Plunder, about the growing harmful role of private equity in the US. Ballou is a federal prosecutor and served as Special Counsel for Private Equity in the Justice Department's Antitrust Division.

Naomi Oreskes and Erik Conway: The Big Myth of Market Fundamentalism

Historians Naomi Oreskes (Harvard University) and Erik Conway (Caltech) talk to Rob about their just-released book, The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market.

Jim Chanos: The Golden Age of Fraud in Finance

Jim Chanos, the president and founder of Kynikos Associates and well-known investment manager talks to Rob about the post-pandemic financial system, which has become more steeped in a casino culture than it has been in a very long time, and whether China's financial situation serves as an example or as a warning.

Survival of the Richest

Oxfam's Economic Justice Director, Nabil Ahmed, and Oxfam International's Inequality Policy & Advocacy Lead, Max Lawson, discuss their latest Global Inequality Report, which highlights the accelerating pace at which the world's billionaires have increased their wealth exponentially in recent years. They also discuss the ways in which governments can reverse this trend through taxation.

The Crisis of Democratic Capitalism

Financial Times columnist Martin Wolf discusses his just-released book, The Crisis of Democratic Capitalism, which explores the reasons why Liberal democracy is threatened by authoritarianism and what needs to be done to resurrect democratic capitalism.

Link to the book