Scott Sumner On The Midas Paradox, The Fed, And More (Podcast)

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Includes: RINF
by: David Beckworth

Today is the launch of a new podcast series on macroeconomics called Macro Musing and I am privileged to be the host. Each week, with the help of a special guest, we will get to explore in depth various macroeconomic topics. If want to go all wonky on macro, this is the podcast for you!

So far, I have recorded podcasts with the following guests: Scott Sumner, John Taylor, John Cochrane, Cardiff Garcia, Miles Kimball, Ramesh Ponnuru, and George Selgin. There have been a lot of interesting conversations covering topics such as the origins of the Great Recession, the safe asset shortage problem, negative interest rates, the fiscal theory of the price level, the Eurozone Crisis, Abenomics, the Great Depression, China's economic problems, and alternative monetary regimes. In addition to these interesting topics, I have enjoyed learning how each guest got into macro, either as an academic or as a journalist, and how they see the field changing over time as new ideas and new technology emerge. I think you will find it fascinating too.

More guests are scheduled, including some Fed officials, but I would love to hear from you on what guests and topics you would like to see on the show.

My first guest is Scott Sumner with whom I discuss his views on the Great Recession, NGDP targeting, and his new book on the Great Depression, The Midas Paradox.

This podcast is part of the new Program on Monetary Policy (POMP) at the Mercatus Center at George Mason University. I am grateful for all their support in making the podcast happen.