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Binyamin Appelbaum on *The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society*

Macro Musings with David Beckworth

Release Date: 11/18/2019

RE-AIR: Robert Samuelson on Paul Volcker and the Great Inflation show art RE-AIR: Robert Samuelson on Paul Volcker and the Great Inflation

Macro Musings with David Beckworth

Robert Samuelson is an economics columnist for the Washington Post and spent several decades working at Newsweek, where he wrote on various economic topics. Robert is the author of several books, including *The Good Life and Its Discontents: The American Dream in the Age of Entitlement* and *The Great Inflation and Its Aftermath: The Past and Future of American Affluence*. He joins the show today to talk about the latter and its implications for today. David and Robert go in-depth about the Great Inflation, as they discuss the disagreement within macroeconomics during the 60s and 70s, the...

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Jim Bianco on Negative Interest Rates, Low Inflation, and Yield Curve Expansion show art Jim Bianco on Negative Interest Rates, Low Inflation, and Yield Curve Expansion

Macro Musings with David Beckworth

Jim Bianco is the president of Bianco Research, a provider of data-driven insights into the global economy and financial markets, and is also a columnist for Bloomberg. Jim has 30-plus years of experience on Wall Street, and he joins the show today to talk about Fed policy, negative interest rates, and inflation. David and Jim also discuss the possibility of extending the yield curve, the Fed’s recent forays into the repo market, and what low interest rates mean for the economy moving forward.   Transcript for the episode: ...

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Macro Musings with David Beckworth

Claudia Sahm is the director of macroeconomic policy at the Washington Center for Equitable Growth, and was formerly at the Board of Governors as a section chief in the Consumer Community Affairs Division as well as serving on the staff macro forecast. Claudia specializes in macroeconomics and household finance, and she joins the show today to talk about some of her work. David and Claudia also discuss her experience working at the Federal Reserve Board of Governors, the conception of the Sahm Rule, and the importance of big data for economic research and policymaking.   Transcript for...

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Macro Musings with David Beckworth

Carola Binder is an assistant professor of economics at Haverford College and is an associate editor of the Journal of Money, Credit, and Central Banking. Carola is also a member of the CEPR Research and Policy Network on Central Bank Communication, and joins the show today to discuss her work on central banking and populism. David and Carola also discuss the link between central bank credibility and popularity, the twin deficits of central banking, and why NGDP targeting could be an easy transition point from current inflation targeting regimes.   Transcript for the episode: ...

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Binyamin Appelbaum on *The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society* show art Binyamin Appelbaum on *The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society*

Macro Musings with David Beckworth

Binyamin Appelbaum is the lead writer on business and economics for the editorial board of The New York Times, and he was previously a Washington correspondent for The Times covering the Federal Reserve and other aspects of economic policy. Binyamin is also a returning guest to the show, and joins today to talk about his new book, *The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society*. David and Binyamin also discuss Milton Friedman’s influence on economic thought during the postwar era, the history of the emergence of supply side economics, and the consequences...

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Macro Musings with David Beckworth

George Selgin is the director of the Cato Institute’s Center for Monetary and Financial Alternatives and is a returning guest to the Macro Musings podcast. Today, George joins the show to talk about recent developments in the payment system. Specifically, George and David discuss the history of attempted payment system solutions, the challenges and costs facing the implementation of a real-time payment system, and why we should care about this issue today.      Transcript for the episode: ...

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Henry Curr on Inflation, the Phillips Curve, and A New Monetarism show art Henry Curr on Inflation, the Phillips Curve, and A New Monetarism

Macro Musings with David Beckworth

Henry Curr is the economics editor for The Economist magazine, and the author of a special report by the magazine on the phenomenon of low inflation now facing the global economy. Henry joins the show today to outline this report and the big questions surrounding low inflation. David and Curr also discuss the persistent low inflation of the present around the globe, why the Phillips Curve has broken down as a policy tool, and how technology may be causing inflation to miss its target set by central banks.   Transcript for the episode: ...

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Macro Musings with David Beckworth

Diego Zuluaga is a policy analyst at the Cato Institute’s Center for Monetary and Financial Alternatives where he covers financial technology and consumer credit, and before joining Cato, Diego was head of financial services and tech policy at the Institute of Economic Affairs in London. He joins the show today to talk about his work within this policy area. David and Diego also discuss the future of cryptocurrencies, the fragmented nature of the US banking system, and the growing importance of fintech in our daily lives.   Transcript for the episode: ...

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Frances Coppola on the Macroeconomics of Helicopter Drops show art Frances Coppola on the Macroeconomics of Helicopter Drops

Macro Musings with David Beckworth

Frances Coppola is a former banker, financial writer, and an author of a recent book titled, *The Case for People’s Quantitative Easing*, and she joins the show today to talk about it.  David and Frances also discuss the overall potential effectiveness of helicopter drops, how they would be deployed during future recessions, and the criticisms and concerns that have been levied against them.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/10212019/frances-coppola-macroeconomics-helicopter-drops   Frances’s Twitter: @Frances_Coppola Frances’s...

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Macro Musings with David Beckworth

In this special episode of Macro Musings, the roles are reversed, and David Beckworth joins guest host Cardiff Garcia, host of NPR’s “The Indicator from Planet Money”, to talk about his newest paper, *Facts, Fears, and Functionality of NGDP Level Targeting: A Guide to a Popular Framework for Monetary Policy*. David and Cardiff conduct a deep dive into the plumbing of this potential monetary regime, as they discuss some of the most the important questions surrounding it. Some of these questions include: what is nominal GDP level targeting, and how does it differ from the Fed's current...

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Binyamin Appelbaum is the lead writer on business and economics for the editorial board of The New York Times, and he was previously a Washington correspondent for The Times covering the Federal Reserve and other aspects of economic policy. Binyamin is also a returning guest to the show, and joins today to talk about his new book, *The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society*. David and Binyamin also discuss Milton Friedman’s influence on economic thought during the postwar era, the history of the emergence of supply side economics, and the consequences that have arisen from committing too strongly to free market principles.

 

Transcript for the episode: https://www.mercatus.org/bridge/podcasts/11182019/binyamin-appelbaum-economists%E2%80%99-hour-false-prophets-free-markets-and

 

Binyamin’s Twitter: @BCAppelbaum

Binyamin’s New York Times profile: https://www.nytimes.com/by/binyamin-appelbaum

 

Related Links:

 

*The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society* by Binyamin Appelbaum

https://www.littlebrown.com/titles/binyamin-appelbaum/the-economists-hour/9780316512329/

 

*Secrets of the Temple: How the Federal Reserve Runs the Country* by William Greider

https://www.simonandschuster.com/books/Secrets-of-the-Temple/William-Greider/9780671675561

 

*More from Less: The Surprising Story of How We Learned to Prosper Using Fewer Resources - and What Happens Next* by Andrew McAfee

https://www.simonandschuster.com/books/More-from-Less/Andrew-McAfee/9781982103576

 

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