EPISODE · Jun 22, 2025 · 13 MIN
The Hidden Costs of the Modern Monetary System: A discussion with Luis Garicano
from The Public Sphere: Journal of Public Policy · host The Public Sphere Journal Team
How did €0.6 trillion shift from taxpayers to bondholders in the Eurozone? Can households benefit from Quantitative Easing the same way financial institutions do? Why is the line between monetary and fiscal policy blurred and what can be done about it?Luis Garicano, an LSE SPP Professor, former MEP, and author of the new book "Crisis Cycle: Challenges, Evolution, and Future of the Euro" joins Achilles Tsirgis to discuss the hidden costs of the modern monetary system.Join us as we break down the complex tools modern central banks use and why they should matter to you.You can check out Luis' new book with John Kochrane & Klaus Masuch here
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