Paddy Hirsch is a Senior Editor at Marketplace. He is the author of the book Man vs Markets, Economics Explained, Pure and Simple, and he is the creator and host of Marketplace Whiteboard, a video explainer of financial and economic terms.

Hirsch joined Marketplace in 2007, just as the credit crunch that preceded the 2008 financial crisis began to take hold.  As editor of the New York Bureau and the entrepreneurship desk, he spearheaded Marketplace’s financial markets coverage throughout the crisis and as the economy fell into recession. He was awarded a Knight Fellowship at Stanford University in 2010, and he returned to Marketplace in July of 2011, when he was appointed Senior Producer of Marketplace Money. He published his first book, Man vs Markets, in August 2012.

Hirsch got his start in journalism with an internship at the BBC in Glasgow, Scotland. He became a field producer for CNBC in Hong Kong and later was a consultant to the Open Broadcast Network in Bosnia. He has been an editor for Direct Capital Markets, Institutional Investor Newsletters, Standard & Poor’s, and the Vietnam Economic Times. Prior to becoming a journalist, he served as an officer in the Royal Marines.

Hirsch attended Campbell College in Belfast and received a bachelor’s degree in French and International Studies from the University of Warwick. He is a Knight Fellow and was a Webby honoree in 2009.

 

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Features by Paddy Hirsch

Enlightenment, anyone?

I love the way good ideas sometimes seem to just float around, waiting to be pulled down and prototyped. I pitched my "explainer archive" to the...
Posted In: explainer, ProPublica, whiteboard

VIDEO: Quantitative Easing Explained

What does that mean? What does that mean? What does that mean? QE2 explained. Sort of! Created by: Omid Malekan
Posted In: quantitative easing, video, whiteboard

Uncle Ben goes shopping

The Federal Reserve is trying to stimulate the economy by buying billions of dollars worth of bonds from banks. Senior Editor Paddy Hirsch explains how that's supposed to work.
Posted In: Federal Reserve, whiteboard

A little help here, please

So, I've been racking my brain to find a good and simple way to explain the relationship between the Fed and the Treasury. And it turns out I may...
Posted In: The Fed, treasury, whiteboard

Moody's escapes fraud charges

The SEC said it will not seek fraud charges against the ratings agency Moody's for claims that it inflated ratings on some European debt just before the financial crisis. Plus, watch a video explainer on how ratings agencies get paid by the companies they rate.
Posted In: Crime, whiteboard

Beware the carry trade!

With interest rates in the U.S. at historic lows, some economists are worried that Americans involved in the carry trade could drive down the value of the dollar. Senior Editor Paddy Hirsch explains how the carry trade works, and why some people are worried about its return to the markets.
Posted In: dollar, interest rates, whiteboard

Bankers go head to head over Tier 1 capital

Tier 1 capital is the money that's at the core of every bank. But, like everything else in banking, it's subject to definition, and bankers still can't agree on the terms. Senior Editor Paddy Hirsch explains.
Posted In: whiteboard

Good point, Sue

I like getting mail from people who listen to the show and watch the Whiteboards. They make great suggestions, and good points about presentation....
Posted In: letter, whiteboard

Shadow banking: still big, still dangerous

The part of the financial system that lends the most money to America remains almost untouched by regulation. It's shadow banking, as Paddy Hirsch explains.
Posted In: whiteboard

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