December 8, 2022Analysis
Money and the Climate Crisis
COP27 and financing the green transition
The conclusion of COP27 reflected persisting uncertainties around coordinated global action towards decarbonization. Major agreements—including the establishment of a loss and damage fund—were reached, but the burden of mounting debt among global South countries continued to limit climate ambition. The…
October 1, 2020Analysis
A Popular History of the Fed
n Populist programs and democratic central banking.
Since Lehman collapsed in 2008, central banks have broken free of historical norms, channelling trillions into the banking system to prop up global finance and the savings of depositors from Germany to Hong Kong. The corona crash has only accelerated…