Ben Harris on the Fiscal Health of the US Government
Ben Harris served in numerous high-ranking roles as a public sector economist and is now the vice president and director of economic studies at the Brooking Institution. In Ben’s first appearance on the show, he discusses the fiscal health of the US government, including the rising primary deficient, the impact of the Big Beautiful Bill, the proposition of stablecoins and AI as a solution to our debt, his love of basketball and much more. Check out the transcript for this week’s episode, now with links. Recorded on June 18th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Ben on X: @econ_harris Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps 00:00:00 - Intro 00:02:01 - Ben’s Career 00:05:18 - Fiscal Health of the United States 00:07:57 - Big Beautiful Bill 00:12:15 - Debts and Deficits 00:14:47 - Costs and Risks of the Rising US Debt 00:37:05 - Stablecoins as a Potential Solution to US Debt 00:41:49 - Debt Ceiling 00:50:02 - AI and the Economy 00:54:58 - Outro
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55:39
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55:39
Luis Garicano on the Future of Digital Money and Lessons Learned from the History of the Euro
Luis Garicano is a former member of the European Parliament and a professor at the London School of Economics. In Luis’s first appearance on the show he discusses his new book, Crisis Cycle: Challenges, Evolution, and the future of the Euro, the ever-changing landscape of digital money, his suggested reforms to the Euro, and much more. Check out the transcript for this week’s episode, now with links. Recorded on June 18th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Luis on X: @lugaricano Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps 00:00:00 - Intro 00:00:55 - Future of Money 00:08:46 - Bank Regulation 00:12:51 - Stablecoins 00:23:35 - Crisis Cycle 00:56:05 - Outro
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56:46
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56:46
Mark Blyth on the Winners and Losers from Inflation
Mark Blyth is a professor of international economics at Brown University. In Mark’s first appearance on the show, he discusses his new book Inflation: A Guide for Users and Losers, the concept of angrynomics, a new way to look at price controls, demographic decline, and much more. Check out the transcript for this week’s episode, now with links. Recorded on June 4th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Mark on X: @MkBlyth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps 00:00:00 - Intro 00:00:50 - Angrynomics 00:03:56 - Motivation for ‘Inflation: A Guide for Users and Losers’ 00:08:27 - Five Things They Don’t Tell You About Inflation 00:14:32 - Good, Bad, and Ugly Inflation 00:18:14 - Interest Rates and Inflation 00:21:33 - Price Controls 00:26:13 - Stories About Inflation 00:35:03 - Hyperinflation 00:42:24 - Pandemic Inflation 00:58:00 - Disinflation, China, and Demographic Decline 01:00:30 - Recommendations for Policymakers 01:02:00 - Outro
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1:02:41
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1:02:41
Sam Schulhofer-Wohl on Reforms in the Treasury Market and Developments with Central Bank Operating Systems
Sam Schulhofer-Wohl is a senior vice president and the senior advisor to President Lorie Logan of the Federal Reserve Bank of Dallas. Sam returns to the show to discuss recent macroeconomic conferences in the context of changes in the Treasury market and with central bank operating systems around the globe. Check out the transcript for this week’s episode, now with links. Recorded on May 27th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps 00:00:00 - Bumper 00:00:20 - Intro 00:01:19 - Monetary Policy Conferences 00:03:15 - Role of Nonbank Institutions in the Treasury and Money Markets 00:07:48 - Central Clearing 00:33:19 - Operating Systems in Central Banks 00:49:52 - Outro
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50:34
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50:34
Andy Levin on the Importance of an Independent Inspector General at the Federal Reserve - BONUS
Andy Levin is an advisor to many central banks around the world and professor of economics at Dartmouth College. Andy returns to the show for a special bonus episode to discuss his pervious appearance and accompanying policy brief where he calls for an independent inspector general at the Federal Reserve. Check out the transcript for this week’s episode, now with links. Recorded on June 10th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps: (00:00:00) – Intro (00:01:48) – Federal Reserve and an Independent Inspector General (00:06:50) – Palace of Versailles on the Mall (00:16:20) – Accountability of the Fed (00:19:21) – Outro
Hosted by David Beckworth of the Mercatus Center, Macro Musings pulls back the curtain on the important macroeconomic issues of the past, present, and future.
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