Will the Debt Crush Powell’s Volker Dreams?

An argument for why Federal Reserve chief Jerome Powell can’t repeat the actions of Paul Volker in the 1980s.

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ABOUT

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this week’s “Long Reads Sunday,” NLW reads "America’s Middle Class is Vanishing" by Eric Basmajian and "Powell Is No Volker" by James Lavish.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: KeithBishop/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.