How anthropology can explain the markets

The video discusses the recent appointments in the Federal Reserve, focusing on the challenges of inflation and employment. It explores the Fed's perceived independence and credibility, drawing parallels to historical and anthropological contexts. The discussion also covers the structure of the treasury market, highlighting potential risks and the need for regulatory changes.

How does the text compare the Federal Reserve to a priest in a medieval Catholic Church?

What challenges does the Federal Reserve face in maintaining its independence?

What are the implications of the structural issues in the treasury market as discussed in the text?