Leah Rose Downey, a Junior Research Fellow at St. John's College Cambridge and author of 'Our Money,' discusses the tension between central bank independence and democratic accountability. She questions whether it's healthy for democracy to give so much power to unelected officials and explores the historical evolution of central bank independence. Downey argues for greater legislative oversight and highlights the need for transparency in monetary policy, asserting that uncertainty can sometimes enhance economic resilience.

Leah Downey, a research fellow at Cambridge University, explores the critical intersection of monetary policy and democratic theory. She argues for a more democratic approach to money creation, critiquing the traditional independence of central banks. Downey discusses the historical evolution of the Federal Reserve and advocates for increased citizen involvement in monetary policy. By introducing 'iterative governance,' she emphasizes the importance of legislative oversight to ensure that economic policies reflect the will of the people, fostering true democratic accountability.

Join economist and hedge fund manager Eric Lonergan and Cambridge fellow Leah Downey as they discuss the tumultuous role of anger in shaping political landscapes and economic outcomes. They dissect how emotional discontent drives voter behavior and complicates traditional economic theories. The conversation extends to the impact of political maneuvers on monetary policy and the unpredictable nature of market reactions. They also critique German economic policies amidst changing bond markets, unveiling intriguing insights into innovation amid crisis.