Yakov Feygin

Yakov Feygin, Assistant Director of the Future of Capitalism project at the Berggruen Institute, delves into the complexities of the U.S. dollar's global dominance. He discusses how this supremacy benefits economic elites while hurting many U.S. workers, particularly in manufacturing. The conversation highlights systemic inequalities, the challenges posed by dollar-denominated debt in emerging markets, and concepts like 'Dutch disease.' Feygin also offers insights into potential reforms for better currency stability and wealth distribution.

Skanda Amarnath, Director of Research at Employ America, and Yakov Feygin, Associate Director of the Berggruen Institute, delve into the fiscal emergency facing U.S. states and cities. They discuss the strain on municipal budgets from rising public health costs and declining tax revenues, leading to austerity measures. The duo explores the need for federal support and innovative financing solutions to stabilize state revenues. Their insights illuminate the challenges and potential paths forward amid ongoing economic turmoil.