Today David talks to political and economic theorist Leah Downey about the role that central banks in general – and the Federal Reserve in particular – have played in the story of globalisation. How has the Fed tried to reconcile its obligations to American democracy with its obligations to the global order? Is the Eurodollar a token of American strength or American vulnerability? Are the world’s central bankers really just a private club? And what does history tell us about the likely outcome of Trump vs Powell?

The latest edition of our free fortnightly newsletter is out tomorrow with guides, insights and clips to accompany this series, plus David writes about whether Nigel Farage really spells the end of two-party politics in the UK. Sign up now https://www.ppfideas.com/newsletters

Next time on Ideas of Globalisation: The Crisis of the 1970s (and Trump!)

Learn more about your ad choices. Visit podcastchoices.com/adchoices