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Mehrsa Baradaran on how COVID-19 is exposing existing societal wealth gaps and financial access challenges

Macro Musings, April 22, 2020 (Audio)

April 22, 2020

Mehrsa Baradaran on how COVID-19 is exposing existing societal wealth gaps and financial access challenges

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.