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Rebalancing the Chinese economy
Season 9 Episode 25
In 2003, Premier Wen Jiabao warned that China's growth model was unbalanced between supply and demand, over-reliant on investment and exports. More …
10 hours ago
Stablecoins and Global Imbalances
Season 9 Episode 24
A radical macroeconomic experiment is under way at exactly the moment the US external position is showing signs of real stress.
Gilles Moëc, Chief Ec…
1 week ago
Global imbalances redux
Season 9 Episode 23
Three times since the 1970s, global imbalances have grown large. In the 1980s, the US trade deficit ballooned under Volcker's tight money and Reagan…
1 week ago
World War Trade
Season 9 Episode 22
On 2 April 2025, the United States imposed tariffs on almost every country on earth. The next day, China responded with export controls on the entir…
2 weeks, 4 days ago
The Bank of England's capital mistake?
Season 9 Episode 21
"When you look at the world now, does it look more uncertain or less uncertain?" In December 2025, the Bank of England's Financial Policy Committee …
3 weeks, 3 days ago
What triggered January 6?
Season 9 Episode 20
Two explanations circulated immediately after the March to Save America on January 6, 2021 turned into a riot: a mob manipulated by a demagogue, or …
1 month ago
Can blockchain decentralise money, contracts, and finance?
Season 9 Episode 19
Every Bitcoin transaction needs to be verified on the blockchain. There is no central authority that does this, but Bitcoin's blockchain has run uni…
1 month ago
Will AI transform economic growth?
Season 9 Episode 18
Could AI transform our economies to produce explosive growth? Most economists are sceptical at best. Anton Korinek of the University of Virginia, le…
1 month, 1 week ago
Sanctions and financial repression
Season 9 Episode 17
Financial repression forces banks and citizens to hold government debt on terms the market would never accept. Economists have called it distortiona…
1 month, 2 weeks ago
What's next for Ukraine: The labour market
Season 9 Episode 16
Ukraine has lost close to a quarter of its civilian workforce since the invasion. Three and a half million workers left government-controlled areas:…
1 month, 2 weeks ago