🔗Go to https://PIAVPN.com/UnHerdTV to get 83% off from our sponsor Private Internet Access with 4 months free! 🔗 Click the following link to get tickets to 'The Econoclasts LIVE' in London on March 23rd: https://unherd.com/econoclastslive 📰 Subscribe to UnHerd today at: https://bit.ly/3Qdkd5y In the week when the Trump administration threatened criminal charges against Federal Reserve chair Jerome Powell, Yanis Varoufakis and Wolfgang Munchau expose the high-stakes power struggle to dismantle central bank independence and privatise the U.S. dollar. Added to Bulgaria’s controversial entry into the eurozone, Yanis and Wolfgang argue that the era of technocratic consensus is dead, replaced by a volatile new age of economic ‘techno-feudalism’ where the lines between state power and private profit have finally vanished. Watch it on the UnHerd website: unherd.com/watch-listen/the-war-for-americas-money/ Listen to the podcast: https://plnk.to/unherd?to=page Advertise on UnHerd @ zoe.white@unherd.com Follow UnHerd on social media: Twitter: https://twitter.com/unherd Facebook: https://www.facebook.com/unherd/ Instagram: https://www.instagram.com/unherd/ TikTok: https://www.tiktok.com/@unherdtv //TIMECODES// 00:00 - 00:58 – Cold open: central banking & politics 00:58 - 02:19 – Today’s topics 02:19 - 05:48 – Central bank independence in the US 05:48 - 08:15 – Sponsor: Private Internet Access 08:15 - 13:20 – Lawfare, democracy, and “privatising” the dollar 13:20 - 20:38 – Liberal case against central bank independence & multilateralism’s unravelling 20:38 - 22:44 – ECB limits & Europe’s rigidity 22:44 - 27:56 – Bulgaria joins the euro 27:56 - 33:55 – Euro design flaws and the fiscal union that never arrived 33:55 - 39:20 – Russia in the euro & Scottish independence: currency and real sovereignty 39:20 - 41:25 – Crisis of economic debate in the West #UnHerd #JeromePowell #federalreservebank