Macro Musings
@Macro_Musings
Macro Musings is a podcast for discussing monetary policy and updates from the Federal Reserve. Hosted by @DavidBeckworth and produced by @mercatus.
New episode! George Hall on the Fiscal Consequences of the US War on COVID George (@George_J_Hall) and @DavidBeckworth explain how the US has handled primary deficits like the French instead of like the British since the year 2000.
Great show this week with @George_J_Hall on the realities of U.S. public finance and our fiscal future. A repeated point of our discussion is that the consolidated government budget constraint has to hold. There are no free lunches!
In case you missed it! George (@George_J_Hall) and @DavidBeckworth explain how the monetary authorities and the fiscal authorities are playing a dangerous game of chicken.
Wow—500 episodes! Congratulations, David, on this remarkable milestone. You’ve created an engaging and thoughtful forum for discussing the most pressing macroeconomic issues of our time. It was a pleasure to chat with you again about the government budget constraint.
From a 5 episode probationary period to 500 episodes, hear @DavidBeckworth and his wife Alicia tell the story of how Macro Musings came to be in a bonus BTS video on his Substack: 🔗open.substack.com/pub/macroecono…
Episode number 500 is happening this week on @Macro_Musings. Today's newsletter is on this milestone and includes a NGDP targeting mug giveaway contest. macroeconomicpolicynexus.substack.com/p/macro-musing…
Boom! "We show that nominal GDP targeting continues to characterize optimal monetary policy"
Former St. Louis Fed president James Bullard and St. Louis Fed economist Riccardo DiCecio construct a model with heterogenous households in a search for the optimal monetary policy ow.ly/IFox50WrW47
A newsletter to end the week: 𝙏𝙞𝙢𝙚 𝙞𝙨 𝙩𝙝𝙚 𝙁𝙞𝙧𝙚 𝙞𝙣 𝙒𝙝𝙞𝙘𝙝 𝙒𝙚 𝘼𝙡𝙡 𝘽𝙪𝙧𝙣. A roundup of a week where I lament the rise of fiscal dominance, defend the Fed's existence from a free-market perspective, talk about a new paper, and talk about a milestone on the…
This is fiscal dominance rhetoric and should be setting off your🚨🚨 🚨macroeconomicpolicynexus.substack.com/p/drifting-tow…
Kevin Warsh touts 'regime change' at Fed and calls for partnership with Treasury cnb.cx/4kHc7yg
🎙️NEW POD: We’re Entering The Final Phase Of Fiscal Dominance We Discuss: 🔶 The 3 phases of Fiscal dominance 🔶 The Fed’s balance sheet dilemma 🔶 Stablecoins supporting dollar dominance 🔶 Active treasury issuance & political pressure 🔶 Rewriting the Fed’s monetary policy…
It was a real pleasure going on @DavidBeckworth's Macro Musings podcast to discuss my career, why I'm now too old for pickup basketball, and--most importantly--the rapid deterioration in the US fiscal outlook. Hear (and read) it here: mercatus.org/macro-musings/…