Richard Berner is the former director of the Office of Financial Research and was a counselor of the Treasury Secretary. In Richard's first appearance on the show, he discusses a career that included public service and Wall Street, the fragility of global liquidity, the implications of fiscal dominance, the expansion of private credit, the 2023 SVB banking turmoil, and much more.
Check out the transcript for this week's episode, now with links.
Recorded on January 7th, 2025
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Timestamps
00:00:00 - Intro
00:01:57- Dick's Career
00:07:46 - Fragility of Global Liquidity
00:17:29 - Post-GFC Regulations
00:25:29 - Fiscal Dominance
00:36:23 - Private Credit
00:48:09 - Banking Turmoil of 2023
01:01:149 - Outro
