Mehrsa Baradaran on How COVID-19 is Exposing Existing Societal Wealth Gaps and Financial Access Challenges

1:01:10
 
Share
 

Manage episode 259479525 series 2461388
By David Beckworth and Mercatus Center at George Mason University. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Mehrsa Baradaran is a professor of law at the University of California Irvine and researches banking law, financial inclusion, inequality, and the racial wealth gap. Her scholarship includes the books, *How the Other Half Banks* and *The Color of Money: Black Banks and the Racial Wealth Gap.* Mehrsa joins Macro Musings to talk about the impact of COVID-19 and how existing wealth conditions and financial access challenges are exacerbating the crisis. David and Mehrsa also discuss the historical context for the racial wealth gap, why banking deserts are so consequential, and how a postal savings system may be a solution to the financial inclusion problem.

Transcripts for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings

Mehrsa’s Twitter: @MehrsaBaradaran

Mehrsa’s UCI profile: https://www.law.uci.edu/faculty/full-time/baradaran/

Related Links:

Link to bonus segment with Mehrsa: https://youtu.be/AcH3c89ZtKY

*How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy* by Mehrsa Baradaran

https://www.hup.harvard.edu/catalog.php?isbn=9780674983960

*The Color of Money: Black Banks and the Racial Wealth Gap* by Mehrsa Baradaran

https://www.hup.harvard.edu/catalog.php?isbn=9780674237476

*The U.S. Should Just Send Checks – But Won’t* by Mehrsa Baradaran

https://www.theatlantic.com/ideas/archive/2020/04/the-us-should-just-write-checksbut-wont/609637/

*Rethinking Financial Inclusion: Designing an Equitable Financial System with Public Policy* by Mehrsa Baradaran

https://rooseveltinstitute.org/rethinking-financial-inclusion-equitable-financial-system-public-policy/

*The Coronavirus Will Be a Catastrophe for the Poor* by Derek Thompson

https://www.theatlantic.com/ideas/archive/2020/03/coronavirus-will-supercharge-american-inequality/608419/

Link to Aaron Klein Macro Musings episode: https://macromusings.libsyn.com/aaron-klein-on-real-time-payments-and-financial-regulation

Link to *Mapping Inequality* from the Digital Scholar Lab at the University of Richmond: https://dsl.richmond.edu/panorama/redlining/#loc=5/40.464/-94.592

JPMorgan Research: *Racial Gaps in Financial Outcomes*

https://institute.jpmorganchase.com/institute/research/household-income-spending/report-racial-gaps-in-financial-outcomes#finding-1

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

279 episodes