IL36: Democracy, Money, and the Central Bank - A Risky Balance ft. Leah Rose Downey

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 26 March 2025

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our guest on this episode is Leah Downey, Junior Research Fellow at St. John’s College Cambridge and author of the new book Our Money: Monetary Policy as If Democracy Matters. Independent central banks are thought to be necessary to prevent politicians using monetary policy to influence elections and to avoid dangerously high levels of inflation. Is this really correct? Is it really healthy for a democracy to allocate so much power to a very small group of unelected people? Why is monetary policy considered ‘too complicated’ for politicians when equally complex areas like energy and defence are not? Is more uncertainty in monetary policy actually better for long-run economic stability? We tackle all these questions as we explore Dr. Downey’s view that the way we govern central banks needs to change.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Kevin on SubStack & read his Book.

Learn more about Leah on her website and read her book.

Episode TimeStamps:

02:23 - Introduction to Leah Rose Downey

08:36 - A comic flimsy ground

10:34 - Examples of the tension between legislators and Fed

15:21 - Legislators have become a weak economic

Transcript

Click on a timestamp to play from that location

0:00.0	You cannot commit credibly over long periods of time to ensuring that policy will serve the interests of one particular group or another.
0:18.5	And so the future has to be uncertain because no one is in charge
0:22.5	in a democratic system indefinitely. And so the idea there is that, you know, democracy can be
0:29.5	uncomfortable and can be risky because you have to put your faith in the system that's going to
0:36.3	empower some group of your fellow citizens over time,
0:40.3	but you never know which one, and that can be risky, but that's the name of the game, essentially.
0:48.3	Imagine spending an hour with the world's greatest traders.
0:53.3	Imagine learning from their experiences, their successes, and their failures. Imagine spending an hour with the world's greatest traders.
0:58.0	Imagine learning from their experiences, their successes, and their failures.
1:00.0	Imagine no more.
1:06.4	Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world so you can take your manager due, or investment career to the next level.
1:11.3	Before we begin today's conversation, remember to keep two things in mind.
1:15.3	All the discussion we'll have about investment performance is about the past,
1:18.7	and past performance does not guarantee or even infer anything about future performance.
1:24.0	Also understand that there's a significant risk of financial loss with all investment strategies,
1:28.3	and you need to request and understand the specific risks from the investment manager about their
1:33.4	product before you make investment decisions. Here's your host, veteran hedge fund manager,
1:38.9	Nealz Kostrup Larson.
1:53.4	For me, the best part of my podcasting journey has been the opportunity to speak to a huge range of extraordinary people from all around the world.
2:02.6	In this series, I have invited one of them, namely Kevin Koldine to host a series of in-depth conversations to help uncover and explain new ideas to make you a better investor. In the series, Kevin will be speaking to authors of new books
2:08.1	and research papers to better understand the global economy and the dynamics that shape it,
2:13.5	so that we can all successfully navigate the challenges within it. And with that, please welcome Kevin Coldiron.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Niels Kaastrup-Larsen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Niels Kaastrup-Larsen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.