How to Speak Money: John Lanchester on the new cultural divide
How to Speak Money author John Lanchester joins guest host Piya Chattopadhyay to discuss the new cultural divide he sees between those who "speak money" and those who don't.
Lanchester argues that the language of money is a powerful tool, and a tool of power; defines several words that stump laypeople; and explains why "austerity" is a particularly dangerous weasel word.
How well do you know your financial jargon? How many of words mentioned in the interview can you define? (Zirp, taper tantrum, supply sides, ETFs, MBSs, CDOs, detailed modalities, reversification.)