Macro Musings

Anat Admati is a professor of finance and economics at Stanford University, and is well-known for her work on leveraging debt in our financial system and how it makes our economy more susceptible to shocks. She’s also a co-author of the popular book, *The Banker’s New Clothes: What Went Wrong with Banking and What to Do About It*. Anat joins Macro Musings again to talk about the COVID-19 crisis from the debt perspective, how the Fed and Congress have responded so far, and how their relief efforts should have been focused differently.      The transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Anat’s Twitter: @anatadmati Anat’s website: https://admati.people.stanford.edu/   Related Links:   Bonus segment with Anat: https://youtu.be/4xHmmgoURqg   *The Banker’s New Clothes: What’s Wrong with Banking and What to Do about It* by Anat Admati and Martin Hellwig https://press.princeton.edu/books/paperback/9780691162386/the-bankers-new-clothes   *The Leverage Ratchet Ef