About this Episode: 

Most people have already been touched by the economic impact of shutdowns. We look at the impending emergency action by reserve banks and point to some signals from the future.

Please note: The BayFM studio is currently closed in response to the coronavirus. There are some sound quality issues in this week’s podcast due to remote recording. We are working to rectify this for future editions.

Recorded on 29th March 2020; broadcast on 30th March, 2020, in Byron Bay, Australia.

Links and resources

Intelligencer – The Fed’s Response to COVID-19 Is Impressive — and Alarming (Article) https://nymag.com/intelligencer/2020/03/federal-reserve-coronavirus-economic-crisis-democracy.html

US Federal Reserve Act,  Section 13. Powers of Federal Reserve Banks https://www.federalreserve.gov/aboutthefed/section13.htm

Federal Reserve Bank of New York – The Political Origins of Section 13(3) of the Federal Reserve Act https://www.newyorkfed.org/research/epr/2018/EPR_2018_political-origins_sastry 

Charles Eistenstein – The Coronation https://charleseisenstein.org/essays/the-coronation/ 

Music by Stellardrone (free) https://stellardrone.bandcamp.com  
The Change Code book https://thechangecode.net