loader from loading.io

BONUS: Richard Clarida on His Musical Interests and *Time No Changes*

Macro Musings with David Beckworth

Release Date: 05/01/2024

Bryan Cutsinger, Peter Ireland, and Will Luther on Lessons Learned from the Fed Framework Review show art Bryan Cutsinger, Peter Ireland, and Will Luther on Lessons Learned from the Fed Framework Review

Macro Musings with David Beckworth

 Bryan Cutsinger is an assistant professor of economics at the College of Business at Florida Atlantic University. Peter Ireland is a professor of Economics at Boston College. Will Luther is an associate professor of economics at the College of Business at Florida Atlantic University and is the director of the American Institute for Economic Research’s Sound Money Project. Bryan, Peter, and Will return to the show to discuss the big takeaways from the 2025 Fed framework review, the flip flopping of FIT to FAIT back to FIT, the biggest lessons from the 2020 Fed framework review, the...

info_outline
Brendan Greeley on the 500 Year History of the Dollar show art Brendan Greeley on the 500 Year History of the Dollar

Macro Musings with David Beckworth

Brendan Greeley is a veteran journalist from the Financial Times and current PhD student at Princeton studying monetary history. In Brendan’s first appearance on the show, he discusses why he went for a PhD after being a journalist for 20 years, why the dollar’s history goes far beyond America’s founding, when America actually achieved a currency union, the untold origins of the dollar, how Herbert and Lou Hoover’s date nights played a role in the history of the dollar, the crucial importance of Milton Friedman and Anna Schwartz in understanding the dollar’s history, the happy...

info_outline
David Zaring on Skinny Charters and the Future of Banking show art David Zaring on Skinny Charters and the Future of Banking

Macro Musings with David Beckworth

 David Zaring is legal scholar and professor at the University of Pennsylvania. In David’s first appearance on the show, he discusses the role the Great Financial Crisis played in FinReg scholarship, how he came up with the term “skinny” in the new skinny Fed master accounts, the tumultuous road of Custodia vs. the Fed, a reimagined way to look at federal bank charters, whether commerce and banking are actually still separate, Fed independence and how it functions in a more corporatist model, and much more. Watch on our new YouTube Channel! Check out the  for this week’s...

info_outline
Bill Beach on the Future of United States’ Economic Statistics and Fiscal Position show art Bill Beach on the Future of United States’ Economic Statistics and Fiscal Position

Macro Musings with David Beckworth

Bill Beach is the former commissioner of the US Bureau of Labor Statistics and the current executive director of the Fiscal Lab on Capitol Hill. In Bill’s first appearance on the show he discusses a career in and around public service, the important niche his new organization fills, the frightening fiscal outlook of the United States, exactly how long we have before Social Security runs out, why he believes it will take lots of small changes instead of a big one to fix our fiscal outlook, the important role of the BLS, why our statistical methods needs reform, the most underrated economic...

info_outline
Tyler Goodspeed on Challenging the Way Economists Look at Recessions show art Tyler Goodspeed on Challenging the Way Economists Look at Recessions

Macro Musings with David Beckworth

Tyler Goodspeed is the former chairman of the Council of Economic Advisors and is currently a chief economist in the private sector. In Tyler’s first appearance on the podcast he discusses his new book highlighting a different way of looking at recessions, the challenge of breaking away from the human inclination of ascribing patterns to random phenomena, whether recessions are more Dorian Gray or Peter Pan, what history and stories like Jay Cooke tell us about recessions, how to evaluate supply side shocks and the 2008 Financial Crisis, why Milton Friedman’s Plucking model might be the...

info_outline
Peter Conti-Brown and David Beckworth on All Things Financial Regulation show art Peter Conti-Brown and David Beckworth on All Things Financial Regulation

Macro Musings with David Beckworth

Recorded live in front of the Wharton Financial Regulation Conference, former guest Peter Conti-Brown joins David Beckworth as a Macro Musings co-host on this week’s episode. Peter and David discuss the inflection point of 2008 in FinReg scholarship, how Macro Musings has become just as much a show about financial regulation as about macro, what to make of the Trump administrations changes to bank supervision, whether we should be enthusiastic about the GENIUS Act and digital assets, the true identity of Satoshi Nakamoto, the crisis that could become Claude Mythos, why networks and...

info_outline
Basil Halperin on Macroeconomic Policy in an Age of Transformative AI show art Basil Halperin on Macroeconomic Policy in an Age of Transformative AI

Macro Musings with David Beckworth

Basil Halperin is an assistant professor of economics at the University of Virginia. In Basil’s first appearance on the show he discusses the famous but flawed Citrini essay, why Silicon Valley’s growth expectations aren’t showing up yet in interest rates, the impact of Less Than Zero by George Selgin, what the true frictions in the economy are, the differences between Calvo and menu-cost pricing, the impact of transformational AI on emerging economies and the housing market, and much more. Watch on our new YouTube Channel! Check out the  for this week’s episode, now with...

info_outline
Rich Clarida on Navigating Monetary Policy in Choppy Waters show art Rich Clarida on Navigating Monetary Policy in Choppy Waters

Macro Musings with David Beckworth

Rich Clarida was the vice chair of the Board of Governors of the Federal Reserve System and is currently a professor of economics at Columbia University and a managing director at PIMCO. Rich returns to the program to discuss whether we give the Fed too little credit for its soft landing, the problem of persistent inflation, how the Fed should respond to rapidly succeeding negative supply shocks, the case for nominal GDP, the state of the Fed’s balance sheet, why a synthetic FOMC could help the real FOMC, and much more. Watch on our new YouTube Channel! Check out the  for this...

info_outline
Kris Mitchener on What Actually Anchors the Price Level show art Kris Mitchener on What Actually Anchors the Price Level

Macro Musings with David Beckworth

Kris Mitchener is a professor of economics at Santa Clara University and is an economic and monetary historian. In Kris’s first appearance on the show, he discusses how he fell in love with building data sets out of old dusty archives, the origins and fall of bimetallism, the pros and cons of the gold standard, the problem of operating losses on the Fed’s balance sheet, what truly anchors the price level, and much more.  Watch on our new YouTube Channel! Check out the  for this week’s episode, now with links. Recorded on March 4th, 2026 Subscribe to David's...

info_outline
Steve Kamin and Mark Sobel on the Outlook of Dollar Dominance show art Steve Kamin and Mark Sobel on the Outlook of Dollar Dominance

Macro Musings with David Beckworth

Steve Kamin is a senior fellow at the American Enterprise Institute and was previously the director of the Division of International Finance at the Federal Reserve Board. Mark Sobel is the US chairman of the Official Monetary and Financial Institutions Forum and is a veteran of the US Department of Treasury. Steve and Mark return to the show to discuss the status of dollar dominance, the future threats to dollar dominance, the role or lack thereof that stablecoins will play in dollar dominance, the new findings in the Treasury Foreign Exchange Report, the current state of tariffs, whether we...

info_outline
 
More Episodes

Richard Clarida is a professor of economics at Columbia University, a managing director at PIMCO, and was most recently the Vice Chair of the Federal Reserve Board of Governors. Richard rejoins David for this special bonus segment to talk about his interest in music and his first studio album, *Time No Changes.*

 

Richard’s Federal Reserve profile

Richard’s PIMCO archive

 

David Beckworth’s Twitter: @DavidBeckworth

Follow us on Twitter: @Macro_Musings

 

Check out our new AI chatbot: the Macro Musebot!

Join the new Macro Musings Discord server!

 

Join the Macro Musings mailing list!

Check out our Macro Musings merch!

 

Related Links:

 

*Time No Changes* by Richard Clarida

 

*Richard Clarida on FAIT, R-Star, and the Future of the Fed’s Framework* by Macro Musings