2025 Macro Musings Retrospective

2025 Macro Musings Retrospective

David Beckworth and producer Sam Alburger dive into the last year of Macro Musings. They discuss David's foray into Substack, their favorite episodes of the year, the most popular episodes of 2025, David's push for NGDP targeting, this year's most hotly contested episode, how the year 2025 will be remembered in macro history, and much more.

Check out the transcript for this week's episode, now with links.

Recorded on December 10th, 2025

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Timestamps

00:00:00 - Intro

00:01:16 - Macroeconomic Policy Nexus

00:12:24 - David's All-Star AI FOMC

00:14:46 - Most Entertaining Economist Debate

00:16:46 - Underrated or Favorite Episodes

00:24:30 - Most Popular Episodes

00:26:15 - The Push for Nominal GDP Targeting

00:32:10 - Accountability at the Fed

00:36:23 - Bitcoin Policy Summit

00:40:28 - Macro Musings at the Atlanta Federal Reserve

00:44:32 - Review of 2024 in Macro

00:47:17 - Macro in 2025

00:51:40 - Thank You

00:55:48 - Outro

Jaksot(541)

13 - Joseph Gagnon on Quantitative Easing in the United States and Abroad

13 - Joseph Gagnon on Quantitative Easing in the United States and Abroad

As a Federal Reserve official, Joseph Gagnon played a critical role in providing the intellectual justification for the Fed's quantitative easing (QE) programs. Now a senior fellow at the Peterson Ins...

4 Heinä 201656min

12 - Will Luther on Bitcoin, Vodka, and the Emergence of Money

12 - Will Luther on Bitcoin, Vodka, and the Emergence of Money

What is money and where does it come from? Will Luther, assistant professor of economics at Kenyon College, joins the show and explains the two competing theories on the origins of money. The first th...

27 Kesä 201654min

11 - Robert Hetzel on Milton Friedman, the Monetarist-Keynesian Debate, and the 2008 Crisis

11 - Robert Hetzel on Milton Friedman, the Monetarist-Keynesian Debate, and the 2008 Crisis

Robert Hetzel is a senior economist and research advisor at the Richmond Federal Reserve Bank where he has worked since 1975. He joins the show to discuss the rise of monetarism and how Milton Friedma...

20 Kesä 201654min

10 - Lars Christensen on the Eurozone Crisis and International Monetary Policy

10 - Lars Christensen on the Eurozone Crisis and International Monetary Policy

Lars Christensen, an internationally renowned Danish economist and Senior Fellow at London's Adam Smith Institute, discusses the poor monetary policy that has plagued the Eurozone. Christensen, the co...

13 Kesä 201657min

09 - Josh Hendrickson on Measuring Money in the Economy

09 - Josh Hendrickson on Measuring Money in the Economy

Josh Hendrickson, assistant professor of economics at the University of Mississippi, joins the show to discuss whether money matters anymore. It may come as a surprise to the layman, but most monetary...

6 Kesä 201658min

08 - Greg Ip on Risks, Financial Disasters, and Helicopter Money

08 - Greg Ip on Risks, Financial Disasters, and Helicopter Money

Can trying to be safe actually be dangerous? Greg Ip, chief economics commentator of the Wall Street Journal, says yes in his new book, Foolproof: How Safety Can be Dangerous and How Danger Makes Us S...

30 Touko 201657min

07 - George Selgin on the Productivity Norm, Deflation, and Monetary History

07 - George Selgin on the Productivity Norm, Deflation, and Monetary History

George Selgin, director of the Cato Institute's Center for Monetary and Financial Alternatives, makes the case that central banks, rather than focusing on the price level or inflation rate, should ins...

23 Touko 20161h 1min

06 - Ramesh Ponnuru on the Politics of Monetary Policy

06 - Ramesh Ponnuru on the Politics of Monetary Policy

National Review senior editor Ramesh Ponnuru discusses his adventure into monetary economics. He shares his thoughts on some of the current-day misconceptions surrounding Federal Reserve policy and ma...

16 Touko 201651min

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