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Money Talks from The Economist

Money talks: Taming crypto

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 1 May 2018

⏱️ 24 minutes

🧾️ Download transcript

Summary

How do regulators define and tackle crypto-currencies? Professor Mariana Mazzucato explains how economists should measure value.  Also, the jeanius of Levi’s denim revival. Helen Joyce hosts




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Transcript

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0:00.0

Have you heard about the city's best kept secret, investment trusts?

0:04.0

At Fidelity, you'll discover six of them.

0:06.7

We have a global team looking out for your next big opportunity,

0:10.0

but it won't stay a secret much longer.

0:11.9

Download our free guide to find out more at Fidelity.co.

0:15.0

UK slash secret.

0:17.0

The value of investments can go down as well as up so you may get back less than you invest.

0:20.0

This is not a personal recommendation and if you're unsure about the suitability of an investment speak to an authorized financial advisor issued by Financial Administration Services Limited, the finance editor of the Economist.

0:37.0

Welcome to Money Talks.

0:42.0

Coming up on the program, Professor

0:44.8

Mariana Matsukato on the true economic value of things.

0:48.1

Currently what we're actually including in GDP, let alone what we don't include,

0:52.1

like care or happiness indicators.

0:54.6

What we include is quite problematic.

0:56.8

And for those of us who didn't know they'd ever not been cool, Levi's are apparently cool again.

1:01.6

Our hip audience members would know that Beyoncé, the superstar, made quite a flash at Coache at Coachella,

1:07.8

wearing Pyrise, Levi's cutoff shorts. In terms of marketing, they've really caught a cultural moment.

1:13.0

First, the price of cryptocurrencies has calmed down since their peak in December,

1:19.0

but regulators around the world are still grappling on how to deal with them.

1:22.0

Sasha Nota or Finance Correspond, joins me in the studio.

1:25.8

Sasha, why are regulators even worrying about these things?

1:28.3

I mean, last year was when Bitcoin and these other cryptocurrencies went completely crazy

...

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