Podcast appearances and mentions of kathryn judge

Our guest, Kathryn Judge from Columbia Law School, explores how trust quietly sustains the financial system and why it becomes most visible when things start to break. She explains that in finance, trust means acting despite incomplete information. Depositors often have little insight into the health of their bank, yet they continue to keep money there, relying on signals, habits, and confidence. When that confidence falters, trust does not fade slowly. It snaps, as seen in the rapid bank runs of 2023. Judge points out that technology accelerates these reactions, while strong relationships, particularly in community banking, can still hold panic at bay. We examine how post-2008 rules improved resilience but also created expectations that governments will always intervene. That expectation has its own dangers. If markets believe support is guaranteed, discipline erodes, and when the government reaches its limits, panic can spread even faster. Kathryn stresses that credible transparency paired with the ability to act remains essential. She highlights the successful stress tests after the financial crisis as a rare example where disclosure built trust instead of shaking it. Balance sheet strength, liquidity, and established human relationships continue to be powerful stabilizers. We discuss the current political environment and the pressures facing central banks. The Federal Reserve's independence, she notes, has always been fragile, designed to avoid short-term political influence over monetary policy. Once doubt about that independence grows, long-term inflation expectations and sovereign credibility can shift, which households eventually feel in the form of higher prices, interest rates, and economic uncertainty. Kate Judge also touches on her work on the middleman economy, describing how long supply chains and platform-based systems create efficiency but reduce direct connection. Efficiency comes with fragility, and the loss of human connection makes trust harder to form and easier to lose. Toward the end of the conversation, we move to Europe and the debate over Eurobonds. She explains that shared debt across EU member states could deepen trust and strengthen the financial system if supported by genuine political commitment. At the same time, linking national financial destinies increases scrutiny and potential friction. Trust and vulnerability rise together, and success would depend on a shared willingness to stand together in good times and in crisis. Her core message is straightforward: trust makes finance work until the moment it breaks, and rebuilding it is far harder than maintaining it. Real stability comes from credible commitments, transparency paired with action, and deeper human and institutional relationships.  

Kathryn Judge is a law professor at Columbia University and a legal scholar of the Federal Reserve and financial policy. Kathryn returns to the show to discuss the Fed's Emergency Lending Facilities, or 13(3) and current happenings at the Federal Reserve. Check out the transcript for this week's episode, now with links. Recorded on March 27th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Kathryn Judge on X: @ProfKateJudge Follow the show on X: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps: (00:00:00) – Intro (00:01:43) – History of Section 13(3) (00:03:55) – Increasing Use of 13(3) (00:06:55) – Unusual and Exigent Circumstances (00:08:53) – Changes to 13(3) (00:13:17) – Classification of the Facilities (00:21:13) – Should the Fed Be Doing Emergency Lending? (00:25:42) – Feature or Bug? (00:33:19) – Fed Independence (00:47:45) – Regionalism of the Fed (00:55:23) – Outro

While Americans rely on debit transactions for the necessities of life, most are unaware of the networks that drive those transactions, nor are they aware that one company, Visa, has monopolized debit transactions, penalized industry participants that seek to use alternative debit networks, and co-opted innovators, technology companies, and financial institutions to forestall or snuff out threats to Visa's debit network dominance.” So begins the monopolization lawsuit filed on September 24 by the United States Department of Justice (DOJ) against the country's largest card company, Visa Inc.On one level, the case is simple: The DOJ alleges a clear violation of laws protecting markets against monopolies. But the case gets more complicated when looking at the details, in part because payment systems are mostly invisible part of the financial ecosystem. In effect, the DOJ alleges that Visa is pulling the levers of a really opaque and complex system to preclude competition and squeeze fees out of banks and vendors for itself.To understand the complexities and implications of the case, Bethany and Luigi are joined by Kathryn Judge, Harvey J. Goldschmid Professor of Law at Columbia University. Judge is an expert on banking, financial crises, regulatory architecture, and intermediation design beyond finance. Her book, Direct: The Rise of the Middleman Economy and the Power of Going to the Source (HarperBusiness, 2022), was on the long list for the Financial Times Business Book of the Year Award. Together, the three of them discuss both the surface-level and structural issues of an economy where consumers and small businesses are shortchanged on what is essentially a private sales tax on all debit-card purchases—and how to look for collective solutions when opt-outs aren't possible.Episode Notes: Also check out the ProMarket article “A DOJ Victory Against Visa May Not Help Merchants or Consumers” by Lulu Wang, Assistant Professor of Finance at Northwestern University's Kellogg School of Management.

The C. Boyden Gray Center for the Study of the Administrative State, the Mercatus Center, and the Journal of Law, Economics & Policy recently hosted a full-day symposium on the future of financial regulation. This episode of Gray Matters is a panel discussion featuring the Hoover Institution's John H. Cochrane and professors Kathryn Judge, Jonathan R. Macey, and Todd J. Zywicki, moderated by Scalia Law professor Paolo Saguato. They discuss banking regulation, consumer finance, and what might be coming next in the world of financial regulation.Notes:Videos from the conference

 On this edition of Wall Street Week, Dennis DeBusschere, 22V Research President, Partner and Chief Market Strategist and Mona Mahajan, Edward Jones Senior Investment Strategist dive into the odds of a soft landing. Kathryn Judge, Columbia Law School Professor breaks down the potential impact of higher capital requirements on banks' willingness to lend. Afsaneh Beschloss, RockCreek CEO discusses the trajectory of China's rebound and Jon Klein, Former CNN President and HANG Media Co-Founder breaks down the disruptive effect of AI on the media industry. See omnystudio.com/listener for privacy information.

Since the fall of Silicon Valley Bank (SVB) in March 2023, many investors have been closely monitoring the Federal Reserve's recent lending to U.S. banks, which amounts to roughly $100 Billion as of late June. What has received far less attention is the Federal Home Loan Bank (FHLB) system, which has extended over $1 Trillion of liquidity (10x the Fed!) to banks throughout the U.S. Kathryn Judge, Harvey J. Goldschmid Professor of Law at Columbia Law School, joins Forward Guidance to explain the history and purpose of the FHLBanks, calling them the “lender of second-to-last resort.” Judge argues that the FHLB system has grown beyond its original mission and that reform is desperately needed. Judge also opines on the SEC's move to regulate crypto, as well as SOFR's replacement of LIBOR. Filmed on June 29th, 2023. ____ Follow Kathryn Judge on Twitter https://twitter.com/ProfKateJudge Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ ____ Kathryn Judge's book, “Direct: The Rise of the Middleman Economy and the Power of Going to the Source”: https://kathrynjudge.com/books/direct “The Problem Lender of Second-to-Last Resort”: https://prospect.org/economy/2023-03-29-problem-lender-federal-home-loan-banks/ ____ Use code GUIDANCE20 to get 20% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ ____ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can't-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos ____ Timestamps: (00:00) U.S. Banking System Is "Uneven" (03:06) What Is The Federal Home Loan Bank (FHLB) System? (07:24) Deregulation in 1980s and 1990s (11:22) Commercial Banks vs. Thrifts (And Glass–Steagall) (17:31) FHLB Lending During Great Financial Crisis (GFC) (25:14) "FHLB Has Never Lost Money On Advances" (33:54) FHLB's "Abuses" Must Stop (34:28) Permissionless (41:24) What Will New Bank Regulation Look Like? (50:38) Risk-Weighting In Bank Capital Regulations (53:42) Blockworks Research (54:42) Held-To-Maturity Accounting (58:37) The Rise Of Middlemen in Finance And Business (01:06:00) SEC's War With Crypto (01:08:04) The End Of LIBOR Eurodollar Contracts ____ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

 On this edition of Wall Street Week, Alicia Levine, BNY Mellon Head of Investment Strategy and Gerard Cassidy, RBC Capital Markets Head of US Bank Equity Strategy the future of the financials in the wake of James Gorman's planned departure from Morgan Stanley. Kathryn Judge, professor at Columbia Law School, says that the regional banking model is unsustainable and Glenn Hubbard, former chairman of the Council of Economic Advisers, urges attention to the ballooning debt burden.  See omnystudio.com/listener for privacy information.

Sixteen-year-old Ralph Yarl was shot by an octogenarian in Kansas City—a crime that is quite rare, yet covered as if it's the norm. Plus, the big banks are rebounding nicely, but despite that, the banking system as a whole is not healthy, says Kathryn Judge, editor of The Journal of Financial Regulation and professor at Columbia School of Law. Also, the Dominion case shows that sometimes Fox propagandizes their audience, and sometimes the audience propagandizes Fox. Produced by Joel Patterson and Corey Wara Email us at thegist@mikepesca.com To advertise on the show, visit: https://advertisecast.com/TheGist Subscribe to The Gist Subscribe: https://subscribe.mikepesca.com/ Follow Mikes Substack at: Pesca Profundities | Mike Pesca | Substack Learn more about your ad choices. Visit podcastchoices.com/adchoices

Over the weekend, two major banks in the U.S. failed: Silicon Valley Bank and Signature Bank. President Joe Biden offered reassurance that the banking system is safe. Kathryn Judge, professor of law at Columbia Law School, joins us. And, we've hit the 3-year mark since COVID-19 broke out. More than 1.1 million Americans have died from the virus and the cause of it remains unknown. Dr. Leana Wen joins us to break down reflections and lingering questions. Then, "Schoolhouse Rock" is 50 years old. The educational, animated songs first premiered in 1973 between Saturday morning cartoons, and are credited with teaching millions about everything from grammar to civics. Paul Ringel, history professor at High Point University in North Carolina, joins us.

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This conversation was recorded on November 16th, 2022.In her book Direct: The Rise of the Middleman Economy and the Power of Going to the Source, law professor Kathryn Judge examines the changing role of intermediaries in the economy.Judge, an expert on banking, financial markets, and regulation, is the Harvey J. Goldschmid Professor of Law and Vice Dean for Intellectual Life at Columbia Law School. Together with Martin Reeves, Chairman of BCG Henderson Institute, Judge discusses both the positive and negative impacts of intermediaries in the economy.She explains that although they have undoubtedly created new value, in some cases middlemen have become entrenched over time, leading to market distortions and new sources of fragility. While markets have started to self-correct, regulators will also have a crucial role to play. Judge proposes a balanced way forward, emphasizing the possibilities of direct exchange.***About the BCG Henderson InstituteThe BCG Henderson Institute is the Boston Consulting Group's think tank, dedicated to exploring and developing valuable new insights from business, technology, economics, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration, sign up to receive BHI INSIGHTS, our monthly newsletter, and follow us on LinkedIn and Twitter.This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

For past few decades, we have been seeing the rise of the role of middlemen and as they hold tremendously strong market power, economists have attributed the rising cost of living to their platform. Kathryn Judge, Author of Direct: The Rise of the Middleman Economy and the Power of Going to the Source shares with us how the middleman economy impact the way we buy and sell and how we can fight back.

Whether we are talking about food, clothing, or financial products, the supply chains which convert the raw materials to finished goods are getting more and more complex, giving rise to a wide range of intermediaries, ranging from the Walmarts and Amazons of the world to the Etsys and the Kickstarters. Increasing complexity often means increasing opacity. Regardless of the industry, understanding where our stuff comes from requires an understanding of intermediation design. Kathryn Judge, a Columbia law professor who researches financial markets, explores the complexities of our modern economy and supply chain systems in her new book Direct: The Rise of the Middleman Economy and the Power of Going to the Source. She joins Greg on this episode of unSILOed to talk about consumer habits in our modern economy, how convenience changed the world, and the sociological impacts of this convenience. Kathryn Judge is the Harvey J. Goldschmid Professor of Law at Columbia Law School. Her academic work focuses on financial institutions, innovation, and banking. Episode Quotes:Defining the middleman economy03:31: When I talk about the middleman economy, it's really two phenomena that build off each other. One, are they increasing the scale of intermediaries? Whether it's large banks, Walmart, or Amazon. And then how the scale of those largest intermediaries justifies changes in the process of production quite often where it becomes more disaggregated so you get the longer and the complex supply chains, and then how these two patterns feed off of each other.38:09: Even though we're seeing a shift in consumer and investor demands, conscious consumerism is not going to solve the structural challenges we're facing right now. There is always somebody on the other side of your transaction.28:34: There are people and places behind all of the goods that we're bringing into our lives. And once you start to reawaken that awareness, that becomes a mechanism for also helping to build a political will to think about, "Well, what do we want those structures to look like?" And what are the tradeoffs we're willing to make, and what are the tradeoffs we don't want to make?Using technology to enable disruption to intermediation schemes21:58: We are seeing technology being used in different ways. On the one hand, you do have these large intermediaries, like Amazon and Walmart, that we think about that are doing an incredible amount with data in ways that are helping to strengthen their position. At the same time, we are seeing technology come in and enable a disruption to some of the largest and most entrenched intermediation schemes and enable a different type of exchange.Show Links:Recommended Resources:Guest Profile:Faculty Profile at Columbia Law SchoolKathryn Judge's WebsiteKathryn Judge on LinkedInKathryn Judge on TwitterHer Work:Kathryn Judge on Google ScholarArticle on Time MagazineArticle on GreenBizDirect: The Rise of the Middleman Economy and the Power of Going to the Source

We've all been there. You need to buy something random and a bit urgently. You hop in the car and drive to a nearby Walmart, or open your Amazon app and get a next-day delivery through Prime. No doubt that these regular fixtures of our modern economy have brought convenience and expedience to our lives, but what are the tradeoffs that we aren't considering? Kathryn Judge is the author of Direct: The Rise of the Middleman Economy and the Power of Going to the Source. We talk about how “middlemen” became part of our everyday consumer lives and whether or not the way we shop necessarily lines up with our Catholic values. In Signs of the Times, Zac and Ashley talk with Kevin Clarke, America's chief correspondent, about what happened at the U.S. Conference of Catholic Bishops' annual meeting in Baltimore. Links from the Show:  Direct: The Rise of the Middleman Economy and the Power of Going to the Source Archbishop Broglio, questioned on abuse, homosexuality and whether he's a ‘Pope Francis' bishop in first press conference as USCCB head Jesuitical Litany of the Saints What's on tap?  Fancy Free (Luxardo liqueur Old Fashioned) Learn more about your ad choices. Visit megaphone.fm/adchoices

Hub Dialogues (part of The Hub, Canada's daily information source for public policy –https://www.thehub.ca) are in-depth conversations about big ideas from the worlds of business, economics, geopolitics, public policy, and technology.The Hub Dialogues feature The Hub's editor-at-large, Sean Speer, in conversation with leading entrepreneurs, policymakers, scholars, and thinkers on the issues and challenges that will shape Canada's future at home and abroad.This episode, The Hub's executive director Rudyard Griffiths is in conversation with Kathryn Judge, author of the new book, DIRECT: The Rise of the Middleman Economy and the Power of going to the Source.If you like what you are hearing on Hub Dialogues consider subscribing to The Hub's daily email newsletter featuring our insights and analysis on public policy issues. Subscription is free. Simply sign up here: https://newsletter.thehub.ca/.The Hub is Canada's leading information source for public policy. Stridently non-partisan, The Hub is committed to delivering to Canadians the latest analysis and cutting-edge perspectives into the debates that are shaping our collective future.Visit The Hub now at https://www.thehub.ca. Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Columbia Law School professor Kathryn Judge talks to Robert Scheer about the exploitation of monster behemoth retail companies revealed in her new book “Direct.”

Welcome to episode #840 of Six Pixels of Separation. Here it is: Six Pixels of Separation - Episode #840. The power of middlemen has, fundamentally, changed the shape of business and our economy. Kathryn Judge is the author of Direct - The Rise of the Middleman Economy and the Power of Going to the Source. In this book, she explores how powerful middlemen and complex supply chains have transformed our lives and how to reclaim the community, connection, and meaning lost along the way. Kathryn is a law professor, author, financial regulation expert, and mother of two. Kate (as she prefers to be called) joined the faculty at Columbia Law School in 2010 and currently serves as the Harvey J. Goldschmid Professor of Law. Her research shows how we can promote a more resilient and accountable financial system, and how regulatory design can enhance the legitimacy and efficacy of financial regulation. Her articles have been published in top journals, including Harvard Law Review, Stanford Law Review, etc. and have received accolades from academic peers and industry. She is an editor of the Journal of Financial Regulation and a research member of the European Corporate Governance Institute. Enjoy the conversation... Running time: 57:33. Hello from beautiful Montreal. Subscribe over at Apple Podcasts. Please visit and leave comments on the blog - Six Pixels of Separation. Feel free to connect to me directly on Facebook here: Mitch Joel on Facebook. or you can connect on LinkedIn. ...or on Twitter. Here is my conversation with Kathryn Judge. Direct - The Rise of the Middleman Economy and the Power of Going to the Source. Follow Kathryn on LinkedIn. Follow Kathryn on Twitter. This week's music: David Usher 'St. Lawrence River'.

Kathryn Judge is a law professor, author, financial regulation expert, and mother of two.Kathryn joined the faculty at Columbia Law School in 2010 and currently serves as the Harvey J. Goldschmid Professor of Law. Her research shows how we can promote a more resilient and accountable financial system, and how regulatory design can enhance the legitimacy and efficacy of financial regulation.Kathryn's book, Direct: The Rise of the Middleman Economy and the Power of Going to the Source, is available now!Learn more about Kathryn at kathrynjudge.com.Support the Show - Become a Patron!Help us grow and become a Patron today: https://www.patreon.com/smartpeoplepodcastSponsors:Lifestyle Intelligence (LQ) app - Get the app and receive a one-month free trial as a new user: lqapp.co/smart.

Vox's Emily Stewart talks with Kathryn Judge, professor at Columbia Law School and author of the new book Direct: The Rise of Middlemen and the Power of Going to the Source. They discuss how middlemen — which include real estate agents, stock brokers, but also Amazon and Walmart — came to assume such an outsized role in our economy, the pros and cons of middlemen in different market contexts, why Prof. Judge sees a fundamental difference between Etsy and Amazon, and how we consumers can change how we decide what to buy in order to help push the economy in a radically different direction. Host: Emily Stewart (@EmilyStewartM), senior correspondent, Vox Guests: Kathryn Judge (@ProfKateJudge), Harvey J. Goldschmid Professor of Law, Columbia University; author References:  Direct: The Rise of the Middleman Economy and the Power of Going to the Source by Kathryn Judge (Harper Business; 2022) "So Much for Cutting Out the Middleman" by Kathryn Judge (The Atlantic; June 9) "What Is Web3?" by Thomas Stackpole (Harvard Business Review; May 10) "The awful American consumer" by Emily Stewart (Vox; Apr. 7) Enjoyed this episode? Rate Vox Conversations ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts. Subscribe for free. Be the first to hear the next episode of Vox Conversations by subscribing in your favorite podcast app. Support Vox Conversations by making a financial contribution to Vox! bit.ly/givepodcasts This episode was made by:  Producer: Erikk Geannikis Editor: Amy Drozdowska Engineer: Patrick Boyd Deputy Editorial Director, Vox Talk: Amber Hall Learn more about your ad choices. Visit podcastchoices.com/adchoices

Sam and Emma host Kathryn Judge, Professor at Columbia Law School, to discuss her recent book Direct: The Rise of the Middleman Economy and the Power of Going to the Source. Emma and Sam first tackle Trader Joe's union-busting, GOP-backed AIPAC money dumps, Russia's bombing of Odessa, and discuss Ted Cruz's and Matt Gaetz's Turning Point appearances. Then, Professor Kathryn Judge joins as she dives right into walking Sam and Emma through the appearance of the “middleman economy,” beginning with what it is today – seen in retail giants like Walmart and Amazon and banks like JP Morgan and Citi – before jumping back to the beginnings of the neoliberal era's deregulation. Starting with the banking sector, Professor Judge explores how this deregulation was preceded by an era of local banking, grounded in community investment and growth, before the mass dismantling of the regulatory state, coming to a climax with the joining of investment and commercial banking, saw a consolidation of the world of finance into 4-6 banks, and a shift from concrete interpersonal investing to data-driven and obscure and hyper-complex chains of investment. Sam then moves the conversation into the realm of anti-trust, as the Professor centers anti-trust's failure to address the need for resilient systems that can genuinely hold up production and supply in the face of shocks, and the importance of small businesses and direct supply lines in bolstering these industries, before shifting beyond the realms of retail and banking, diving into how the middleman economy played a central role in 2008's housing crisis (and the one we find ourselves in today) and how it extracts massive amounts of wealth from our healthcare infrastructure. Wrapping up the interview, Kathryne Judge, Emma, and Sam expand on the state of the middleman economy today, assess the role it has in our inflation “crisis” and how the FED fails to deal with it. And in the Fun Half, Sam and Emma break down Ben Shapiro's preposterous argument on Twitter that gay marriage is "unconstitutional," Glenn Greenwald tells the Vanguard why he is, in no uncertain terms, NOT Dave Rubin, and Arizona troll and general moron Ethan Schmidt answers the question: "What's the most humiliating way to get kicked out of a PetSmart?" Plus, your calls and IM's! Check out Kathryn's book here: https://www.harperbusiness.com/book/9780063041974/Direct-Kathryn-Judge/ Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: http://majority.fm/app Check out today's sponsors: ZBiotics: Go to https://thld.co/zbiotics_majority_0722 and get 15% off your first order of ZBiotics Pre-Alcohol Probiotic by using my code MAJORITY at checkout. Thanks to ZBiotics for sponsoring today's video! Cozy Earth: One out of three Americans report being sleep deprived, and their sheets could be the problem. Luckily Cozy Earth provides the SOFTEST, MOST LUXURIOUS and BEST-TEMPERATURE REGULATING sheets. Cozy Earth has been featured on Oprah's Most Favorite Things List Four Years in a Row! Made from super soft viscose from bamboo, Cozy Earth Sheets breathe so you sleep at the perfect temperature all year round.  And for a limited time, SAVE 35% on Cozy Earth Bedding. Go to https://cozyearth.com/and enter my special promo code MAJORITY at checkout to SAVE 35% now. Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattBinder @MattLech @BF1nn @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.com/ Check out the Valley Labor Report with Jacob here: https://mobile.twitter.com/LaborReporters Check out Haeden Wright's Twitter account for Coal LLC "applications": https://twitter.com/HaedenWright Check out the Scottsboro Starbucks Union Relief Fund here: https://mobile.twitter.com/sbwunitedbham The Majority Report with Sam Seder - https://majorityreportradio.com/

 The economic powerhouses in today's economy are middlemen like Amazon and Walmart, a reality that has been exacerbated in the pandemic. So argues Kathryn Judge, author of the new book, DIRECT: The Rise of the Middleman Economy and the Power of going to the Source. In it, Judge says that we are trading convenience for long (and fragile) supply chains with often unethical sources. She argues a more just and fair economy is within our grasp, if we take small actions to be conscious consumers and go to the source more often. This will not only create a more resilient economy but also help us live more connected and fulfilling lives. QUOTES: “They're changing the rules of the game in ways that protect what they're doing, and it also allows them to take a bigger cut over time that often has blocked innovations that could reduce their power. So part of the challenge is first of all drawing attention to this allows us to say individually like, "Where are we making decisions that don't suit us?"”  Kathryn Judge  The host of the Munk Debates is Rudyard Griffiths - @rudyardg.   Tweet your comments about this episode to @munkdebate or comment on our Facebook page https://www.facebook.com/munkdebates/ To sign up for a weekly email reminder for this podcast, send an email to podcast@munkdebates.com.   To support civil and substantive debate on the big questions of the day, consider becoming a Munk Member at https://munkdebates.com/membership Members receive access to our 10+ year library of great debates in HD video, a free Munk Debates book, newsletter and ticketing privileges at our live events. This podcast is a project of the Munk Debates, a Canadian charitable organization dedicated to fostering civil and substantive public dialogue - https://munkdebates.com/ Senior Producer: Kelly Linehan Editor: Adam Karch

We talk to financial regulations expert and Columbia Law Professor, Kathryn Judge, about her book DIRECT: The Rise of the Middleman Economy and the Power of Going to the Source and problem of the “middleman” economy. Find out more at kathrynjudge.com and connect on Twitter and LinkedIn.

The benefits and costs of the “Middleman Economy”.  Columbia Law Professor Kathyrn Judge takes us through her book DIRECT: The Rise of the Middleman Economy and the Power of Going to The Source.  And, a look at the economic outlook for on small to medium sized businesses. Scotiabank's Jason Charlebois tells us about their latest report called SMEs: The Shortage Economy. Then, why spreading out your paychecks can help you to spend less.  Wendy De La Rosa, from the University of Pennsylvania's Wharton School, explores this idea in a study called “The Impact of Payment Frequency on Consumer Spending and Subjective Wealth Perceptions”. And, an investing platform that allows you to buy fractional shares with as little as one dollar. It's called Flahmingo and CEO Taran Kainth will tell us more about it. Plus, I'll speak to personal finance content creator Nathan Kennedy about his videos and podcast. To find out more about the guests check out: Kathryn Judge: com | Twitter | LinkedIn Jason Charlebois: Twitter | Facebook Taran Kainth: com | Twitter | Instagram | Facebook Nathan Kennedy: TikTok | Instagram | YouTube | New Money on Spotify & Apple Podcasts Bruce Sellery is a personal finance expert and best-selling author. As the founder of Moolala and the CEO of Credit Canada, Bruce is on a mission to help you get a better handle on your money so you can live the life you want. High energy & low B.S., this is Moolala: Money Made Simple. Find Bruce Sellery at Moolala.ca | Twitter | Facebook | LinkedIn  

The Covid-19 pandemic triggered a supply chain crisis that has disrupted peoples' lives in every corner of the globe and continues to unfold. But the current crisis is just the tip of the iceberg of a much broader, pernicious, and long-term problem: the dark side of the “middleman economy.”In her new book DIRECT: The Rise of the Middleman Economy and the Power of Going to the Source, on sale now! financial expert and Columbia Law professor Kathryn Judge reveals the surprising and insidious ways that middlemen rule our economy and our lives. While Amazon and Walmart are probably the most vivid examples of all-powerful middlemen, there are middlemen in domains beyond retail, like real estate, food, cars, cbanking, and even philanthropy. Obviously middlemen have gained their power for a reason – they have given consumers unprecedented choice, convenience, and lower costs—but as Kathryn discusses in her work, the benefits come at a steep cost to people, the economy, and our planet, so I'm excited to discuss her work with her now.As always, we welcome your feedback. Please make sure to subscribe, rate, and review on Apple Podcasts, Spotify, Stitcher, and Google Play - and make sure to follow us on Facebook and LinkedIn!

Kathryn Judge, a finance professor at Columbia Law School, is troubled by the rise of intermediary platforms between products and services and the customers who eventually purchase them. Thanks to technology and globalization, she shows how the importance of “middlemen” in the value chain has increased, along with the length of global supply chains. Judge details the downsides and risks of this trend. And she explains how customers and workers alike can lead to intermediaries offering more transparency and social value. Judge wrote the book "Direct: The Rise of the Middleman Economy and the Power of Going to the Source.”

I'm so thrilled to share this conversation with my friend Kathryn Judge about her new book Direct, The Rise of the Middleman Economy and the Power of going to the Source. I met Kate in our downtown NYC studio about 10 years ago. Her calm presence and practice effected everyone so positively. I knew she was a whip-smart law professor, but I was so drawn into how she genuinely cared about people in class. Her sense of community and compassion and self care seemed effortless and working for her. Her wellbeing radiates. I feel so lucky to know her, be moms at the same time, and catch up about all the life stuff. Her book Direct reminds me of Michael Pollan's In Defense of Food. She makes it easy for everyday people to understand how global supply chain and middlemen impact every aspect of our lives, and even more empowering, she provides simple principles we all can apply in our daily lives to feel better and do better. Direct is truly yoga, off the mat and in real life. Kathryn is the Harvey J. Goldschmid Professor of Law at Columbia Law School. Her research on financial markets and regulation has been published in top law journals and won accolades from academic peers and industry. She served as a clerk for Judge Richard Posner and Supreme Court Justice Stephen Breyer. She is a graduate of Stanford Law School and Wesleyan University. She lives with her husband and their two daughters in New York City.You can pre-order Direct and learn more about Kathryn Judge here. https://kathrynjudge.com/The goal here is to simply, help you feel better. When we feel better, we do better and everything is better. Our wellbeing is connected. Leave Tara a voice message and find out more at: https://www.tarastiles.comJoin us on the Stråla Yoga app for daily practice of yoga, qigong, tai chi, shiatsu, and now even DANCE! Start your 7 day FREE Trial now.http://www.stralahome.comWe LOVE hearing from you.Connect with TaraLeave Tara a voicemailNewsletterStrala YogaInstagramFacebookTwitterApparelBooksStrala InstaStrala FacebookStrala TwitterWe LOVE mail. Send it here.Strala YogaPO box 1636Effingham, IL 62401 Hosted on Acast. See acast.com/privacy for more information.

In March 2020 we all assumed there would be some reaction to Covid-19 on Wall Street but, when markets did the opposite of what most people expected, the Fed had to step in to stabilise the economy. Anil Kashyap and Kathryn Judge tell Tim Phillips what happened, why, and how to stop it happening again.

Kathryn Judge is a professor of law at Columbia Law School and editor of the journal of Financial Regulation. Anil Kashyap is a professor of economics and finance at the University of Chicago and is a member of the Bank of England's financial policy committee. Kate and Anil join David on Macro Musings to discuss their work on the Task Force on Financial Stability that recently released a report on how to improve financial stability in the US. Specifically, they discuss the origins of the Task Force on Financial Stability, the dynamics of the Treasury Market over the past year, why money market funds are still vulnerable despite an evolving set of regulations, the importance of rich and timely data for regulatory bodies and Congress, normalizing a financial stability mandate across regulatory bodies, the outlook of financial stability over the next decade, and much more.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Kate's Twitter: @ProfKateJudge Kate's Columbia Law profile: https://www.law.columbia.edu/faculty/kathryn-judge   Anil's UChicago profile: https://www.chicagobooth.edu/faculty/directory/k/anil-kashyap Anil's NBER archive: https://www.nber.org/people/anil_kashyap?page=1&perPage=50   Related Links:   Report of the Task Force on Financial Stability: https://www.brookings.edu/research/report-of-the-task-force-on-financial-stability/   *Financial Stability Considerations and Monetary Policy* by Anil K. Kashyap and Caspar Siegert https://www.ijcb.org/journal/ijcb2002_5.htm   *The Impact of Treasury Supply on Financial Sector Lending and Stability* by Arvind Krishnamurthy and Annette Vissing-Jorgensen https://www.sciencedirect.com/science/article/abs/pii/S0304405X15001518   *Reforming the Macroprudential Regulatory Architecture in the US* by Kathryn Judge and Anil Kashyap https://voxeu.org/article/reforming-macroprudential-regulatory-architecture-us   David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth