Nathan Tankus on the Future of MMT and How to Avoid U.S. Debt Default
Macro Musings with David Beckworth
Release Date: 05/08/2023
Macro Musings with David Beckworth
Subscribe to David's Substack: Scott Lincicome is the vice president of general economics and trade at Cato. Scott returns to the program to discuss the past, present, and future of Trump’s trade war, the impact of tariffs on the US consumer, myths about globalization, the state of globalization worldwide, and much more. Check out the for this week’s episode, now with links. Recorded on March 19th, 2025 Follow David Beckworth on X: Follow Scott Lincicome on X: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro...
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Sign up for David's Substack: Lyman Stone is a demographer and the director of the Pronatalism Initiative at the Institute for Family Studies. In Lyman’s first appearance on the show, he discusses demographic and marriage decline, the fallacy in the thinking of degrowthers, the benefits of pronatalist policy, and much more. Check out the for this week’s episode, now with links. Recorded on February 13th, 2025 Follow David Beckworth on X: Follow Lyman Stone on X: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro...
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Sign up for David's Substack: Athanasios Orphanides is a professor at MIT, formerly served at the Federal Reverse for 15 years, and was the Governor of the Central Bank of Cyprus. In Athanasios’s first appearance of show he discussed real-time monetary policy rules, their implication on the Fed’s framework review, his natural growth target, and much more. Check out the for this week’s episode, now with links. Recorded on February 18th, 2025 Follow David Beckworth on X: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the...
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Dean Ball is a research fellow at the Mercatus Center. In Dean’s first appearance on the show, he explains the AI revolution, current AI developments, policy implications of the AI boom, and the future of AI. Check out the for this week’s episode, now with links. Recorded on February 19th, 2025 Follow David Beckworth on X: Follow the show on X: Follow Dean on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro Musings Check out our Macro Musings to David's new BTS YouTube Channel Timestamps: (00:00:00) – Intro...
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Liya Palagashvili is a senior research fellow and director of the Labor Policy Project at the Mercatus Center. In Liya’s first appearance on the show she explains federal and state level changes to labor regulations, who makes up the gig economy workforce, the role women play in the independent workforce, the novel concept of portable benefits, and much more. Check out the for this week’s episode, now with links. Recorded on January 31st, 2025 Follow David Beckworth on X: Follow the show on X: Follow Liya on X: Check out our new AI chatbot: the ! Join the new Macro...
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Evan Koenig is a former senior aide to the president of the Dallas Fed. Evan returns to the show to discuss, the ins and outs of nominal GDP targeting, the practical applications of NGDP targeting, the reasons the Fed should consider it for the framework review, and much more. Check out the for this week’s episode, now with links. Recorded on October 29th, 2024 Follow David Beckworth on X: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro Musings Check out our Macro Musings to David's new BTS YouTube...
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Steven Kelly is the associate director of research as the Yale Program on Financial Stability. Steven returns to the show to discuss his new model, the Treasury Equity Model of the Federal Reserve’s emergency lending. Check out the for this week’s episode, now with links. Recorded on January 23rd, 2025 Follow David Beckworth on X: Follow Steven Kelly: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro Musings Check out our Macro Musings to David's new BTS YouTube Channel Timestamps: (00:00:00) –...
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Pat Toomey is a former senator from the state of Pennsylvania and served on the Committee on Banking, Housing, and Urban Affairs. In Pat’s first appearance on the show he discussed his career in public service, Fed master accounts, the future on monetary policy, his quest for Fed accountability, the looming debt issue, and much more. Check out the for this week’s episode, now with links. Recorded on January 23rd, 2025 Follow David Beckworth on X: Follow Pat Toomey: Follow the show on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro...
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Brian Albrecht is the chief economist for the International Center for Law & Economics and is the coauthor of the economics newsletter Economic Forces. In Brian’s first appearance on the show, he discussed the data behind business dynamism, the notion of greedflation, the recent developments in antitrust, the update Econ 101 needs to make in regard to tariffs, and much more. Check out the for this week’s episode, now with links. Recorded on January 6th, 2025 Follow David Beckworth on X: Follow Brian Albrecht: Follow the show on X: Check out our new AI chatbot: the !...
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On this special greatest hits compilation episode our host David Beckworth primes listeners for the Fed Framework Review by highlighting the best snippets from past shows discussing nominal GDP targeting. This episode includes Mary Daly’s thoughts on NGDP targeting, Evan Koenig on the basics of NGDP targeting, George Selgin on Powell’s hesitations with NGDP targeting and how it responds to supply shocks, Jim Bullard on the financial stability of NGDP targeting, Eric Sims on the New Keynesian argument for NGDP targeting, Carola Binder on the benefits of NGDP targeting, Charlie Evans on the...
info_outlineNathan Tankus is a popular writer for a newsletter titled, *Notes on the Crises* and is the research director of the Modern Money Network. Nathan is also a returning guest to Macro Musings, and he rejoins the podcast to talk about modern monetary theory and the debt ceiling. Specifically, David and Nathan discuss the future of MMT, the case for minting the trillion dollar coin, the prospects of issuing Federal Reserve securities, the history of the Fed’s operating procedures, and a lot more.
Transcript for this week’s episode
Nathan’s Twitter: @NathanTankus
Nathan’s Substack, Notes on the Crises
Nathan’s Modern Money Network profile
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Related Links:
*The New Monetary Policy: Reimagining Demand Management and Price Stability in the 21st Century* by Nathan Tankus
*Federal Reserve Issued Securities: Not Such A Crazy Idea After All* by Nathan Tankus
*The Federal Reserve’s Monetary Policy Operating Procedures Have Come Full Circle: What Does That Mean for the Post-SVB FOMC Meeting?* by Nathan Tankus
*An MMT Response on What Causes Inflation* by Nathan Tankus, Rohan Grey, and Scott Fulwiler
*Issues Raised by the Credit Crunch and Global Recession* by Janet Yellen