Noam Maggor is Senior Lecturer in American history at Queen Mary University of London. He is the author of Brahmin Capitalism: Frontiers of Wealth and Populism in America's First Gilded Age (2017). His current project, entitled The United States as a Developing Nation revisits American capitalism in the nineteenth century from a broad comparative perspective. You can follow him on twitter here

October 1, 2020

Analysis

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…