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
George Selgin is a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute, as well as the author of the new book titled False Dawn: The New Deal and the Promise of Recovery, 1933-1947. George returns to the show to discuss the complicated economic history of the Great Depression, how that history has led us to the macro-events of 2008, 2010, and 2020, how we can apply lessons from the Great Depression to macroeconomic policy to the current moment, and much more. Check out the for this week’s episode, now with links. Recorded...
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Daniel Bunn is the president and CEO of the Tax Foundation. In Daniel’s first appearance on the show, he discusses the history of tax models, the threat that tariffs make to the US economy, where we currently stand with budget reconciliation, how he would fix the tax code if he was president, and much more. Check out the for this week’s episode, now with links. Recorded on May 2nd, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Follow Daniel on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the Macro...
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Luca Fornaro is a senior researcher at CREI and professor at both UPF and the Barcelona School of Economics. In Luca’s first appearance on the show, he discusses his expansive work on, hysteresis, stagnation traps, endogenous growth, aggregate demand policies, the medium run, population growth and much more. Check out the for this week’s episode, now with links. Recorded on April 23th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Follow Luca on X: Check out our new AI chatbot: the ! Join the new Macro Musings ! Join the...
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Adam Ozimek is the Chief Economist at the Economic Innovation Group. Adam returns to the show to discuss the importance of reforming the high-skilled immigration process, the main bottlenecks with our current green card system, the glory days of economics blogging, how to revitalize the American heartland, Trump’s current trade war, and much more. Check out the for this week’s episode, now with links. Recorded on April 15th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Follow Adam on X: Check out our new AI chatbot: the ! Join the...
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Skanda Amarnath is the executive director of Employ America. Skanda returns to the show to discuss the standing of Humphrey’s Executor, the prospects for the Fed’s Framework Review, the case for NGDP Targeting, and much more. Check out the for this week’s episode, now with links. Recorded on April 16th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Follow Skanda 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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Andy Levin is a professor of economics at Dartmouth College and longtime advisor to many central banks. Andy returns to the show to discuss his policy brief on holding the Fed accountable for its spending practices. Check out the for this week’s episode, now with links. Recorded on April 9th, 2025 Subscribe to David's Substack: 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 Channel Timestamps: (00:00:00) –...
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Kathryn Judge is a law professor at Columbia University and a legal scholar of the Federal Reserve and financial policy. Kathryn returns to the show to discuss the Fed’s Emergency Lending Facilities, or 13(3) and current happenings at the Federal Reserve. Check out the for this week’s episode, now with links. Recorded on March 27th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow Kathryn Judge 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...
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Paul Blustein is a former Washington Post and Wall Street Journal journalist who has authored several acclaimed books on global economic institutions. In Paul’s first appearance on the show, he discusses the historical rise of the dollar, it’s present-day power, how it compares to other global currencies, current challenges to its power, the rise of crypto, and much more. Check out the for this week’s episode, now with links. Recorded on March 26th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow Paul Blustein on X: Follow the show on X: Check out...
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Bill Nelson is a Chief economist and an executive vice president at the Bank Policy Institute. Bill returns to the show to discuss the changes at many central banks around the world from a supply-driven floor system to a demand-driven floor system and how the Fed has been resistant to this change. Check out the for this week’s episode, now with links. Recorded on March 6th, 2025 Subscribe to David's Substack: 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...
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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...
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