The Socialist Program with Brian Becker What's Causing the Bank Collapse?
Mar 22, 2023
Professor Richard Wolff joins Brian to discuss the collapse of several banks, the complexity of economic language and lack of economic literacy, understanding government bonds and the collapse of Silicon Valley Bank, the potential impact of the bank collapse on the broader economy, and the failure of current fixes and reforms in the financial system.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 4min
The Complexity of Economic Language and Lack of Economic Literacy
04:26 • 5min
Understanding Government Bonds, Interest Rates, and the Collapse of the Silicon Valley Bank
09:01 • 6min
Bank Collapse and its Impact
14:44 • 10min
The Collapse of the Financial System: Is Our System Dying?
24:48 • 3min