In the wake of Silicon Valley Bank’s collapse last week, Onward host and Fundrise CEO Ben Miller sits down for an interview with the economist and trader Rob Johnson, one of the most experienced investors in the world at the fault line of government and finance. Having served as a Managing Director of the Quantum Fund, Chief Economist of the U.S. Senate Banking Committee and, earlier, at the Fed, and Senior Economist of the Senate Budget Committee, Rob has worked closely with policymakers across the entire political spectrum. Currently, Rob is the president of the Institute for New Economic Thinking.

Ben and Rob use the 1992 breaking of the British pound (an economic phenomenon in which Rob played a key, driving role) as a historical reference point and centerpiece for the orbit of their discussion. That event formed out of a collision of geopolitical forces, interest rate policy, and cross-institutional financial interactions, all with significant parallels to the world today. And, as Ben and Rob discuss, the pound’s collapse had implications that went far beyond a single bank or country’s ability to function — it ushered in a new era of the power and peril of global finance.

All this in the latest episode of Onward, anywhere that you listen to podcasts.