Economics Explored

Exploring the US Banking Crisis with Addison Wiggin - EP192

Episode Summary

Economics Explored host Gene Tunny interviews Addison Wiggin, a New York Times bestselling author and market economist, about the US banking crisis. Addison shares insights into the origins and impacts of the crisis, and discusses the future of the US economy and financial markets. Listeners can download Addison's recent report "Anatomy of a Bust: Winners and Losers in the Banking Crisis of 2023" for free via a link in the show notes.

Episode Notes

Economics Explored host Gene Tunny interviews Addison Wiggin, a New York Times bestselling author and market economist, about the US banking crisis. Addison shares insights into the origins and impacts of the crisis, and discusses the future of the US economy and financial markets. Listeners can download Addison's recent report "Anatomy of a Bust: Winners and Losers in the Banking Crisis of 2023" for free via a link in the show notes. 

Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. 

About Addison Wiggin

Three-time New York Times best-selling author, Addison Wiggin, is a 30-year market economist with a passion for the real-world impact of financial markets on our lives.

Addison is the author and host of The Wiggin Sessions, a podcast that connects key thinkers and industry experts for a deep dive into history, politics, and economics. Some of his most accomplished works as a writer, publisher, and filmmaker include the New York Times Best Seller The Demise Of The Dollar and the documentary I.O.U.S.A, an exposé on the national debt crisis in America.

What’s covered in EP192

• Addison’s background and how he came to the conclusion that the US financial system is in danger of collapse. (1:53)
• Will the Reserve Bank of Australia increase rates again? (10:46)
• The uncertain lender of last resort: The Federal Reserve. (17:11)
• The Fed’s job is to make sure fewer people have jobs. (21:52)
• Banking crisis and the failure of regulation. (26:21)
• FDIC and confidence. (32:00)
• Why it’s important to understand how booms and busts even take place. (37:07)
• Cryptocurrency as part of the story. (41:47)
• What has happened to the dollar since 1913, when the US Federal Reserve was established. (46:41)

Links relevant to the conversation

Special download link to Anatomy of a Bust for Economics Explored listeners:

https://jointhesessions.com/ee/

Presentation by Addison that Gene mentions early in the episode:

Anatomy of A Bust: Banks Go First | Special Presentation by Addison Wiggin

Thanks to Obsidian Productions for mixing the episode and to the show’s sponsor, Gene’s consultancy business www.adepteconomics.com.au. 

Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.