Could the Fed Break the World Economy?
Plain English with Derek Thompson
The Ringer
4.7 • 2.1K Ratings
🗓️ 4 October 2022
⏱️ 40 minutes
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| 0:00.0 | I'm Yasu Solic and I'm the host of BandSplain, a show where we explain cult bands and iconic |
| 0:06.3 | artists by going deep into their histories and discographies. |
| 0:10.4 | We're back with a brand new season at our brand new home, The Ringer Podcast Network, |
| 0:14.8 | tackling a whole new batch of artists, from grunge gods to power pot pioneers to new metal |
| 0:19.8 | legends and many, many more. |
| 0:22.5 | Listen to new episodes every Thursday, only on Spotify. |
| 0:26.4 | Today's episode is about the Federal Reserve and the possibility that the Fed's actions |
| 0:34.6 | and rising interest rates might accidentally wreck the global economy. |
| 0:40.3 | So I was thinking about the best way into this particular episode and a story occurred |
| 0:45.8 | to me, a story from my past. |
| 0:48.7 | When I was in my late teens, early 20s, I must confess that I used to drink a little bit |
| 0:55.2 | more than I do today and I got a lot of really, really bad hangovers. |
| 1:02.2 | And when I got a bad hangover, I would always do the same thing. |
| 1:04.6 | I would take the drug, etc. |
| 1:08.0 | And then if the first accession pill didn't do anything, I would take another accession. |
| 1:13.1 | And sometimes when that second accession drug didn't do anything, I would take a third |
| 1:16.8 | pill of accession. |
| 1:19.2 | And sometimes this prescription of taking Etc, or in order to cure my hangovers worked |
| 1:25.4 | really, really well, but other times I would start like shaking, jittering, having that |
| 1:33.3 | stomach aches, the side effects of the Etc would take hold before the hangover itself |
| 1:39.6 | had gone away. |
| 1:40.6 | And so it would end up with the worst of both worlds, a hangover, a headache, and all these |
... |
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