George Hall on the Fiscal Consequences of the US War on COVID

George Hall on the Fiscal Consequences of the US War on COVID

Check out David's Substack: Macroeconomic Policy Nexus for a special 500th episode post!

George Hall is a professor of economics at Brandeis University and formerly worked as an economist at the Chicago Federal Reserve Bank. George returns to the show to discuss the current fiscal status of the US, how the Big Beautiful Bill will impact the fiscal outlook going forward, the history of running deficits in the US, and much more.

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

Recorded on June 24th, 2025

Subscribe to David's Substack: Macroeconomic Policy Nexus

Follow David Beckworth on X: @DavidBeckworth

Follow George on X: @George_J_Hall

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

00:00:29 - Intro

00:01:55 - Current US Fiscal Status

00:05:45 - What Is Inflation?

00:10:18 - Fiscal Consequences of the US War with COVID

00:23:21 - World War COVID

00:25:05 - Before and After War

00:34:02 - Financing with Inflation

00:38:47 - World War II Period vs. Today

00:38:47 - World War II Period vs. Today

00:44:19 - Who Bears the Fed's Losses?

00:47:14 - How to Foot the Big, Beautiful Bill

00:52:10 - Outro

Jaksot(546)

18 - Jason Taylor on the Great Depression, World War II, and "The Big Push"

18 - Jason Taylor on the Great Depression, World War II, and "The Big Push"

Jason Taylor, professor of economics at Central Michigan University and editor-in-chief of "Essays in Economic & Business History," is an expert in U.S. economic history, particularly during the Great...

8 Elo 201658min

17 - Brad DeLong on Hamiltonian Political Economy and American Economic History

17 - Brad DeLong on Hamiltonian Political Economy and American Economic History

J. Bradford DeLong – professor of economics at UC-Berkeley, research associate at the National Bureau of Economic Research, and a deputy assistant secretary of the U.S. Treasury during Bill Clinton's ...

1 Elo 201646min

16 - David Andolfatto on Life at the Fed, Equity-Based Finance, and the Blockchain

16 - David Andolfatto on Life at the Fed, Equity-Based Finance, and the Blockchain

David Andolfatto is a vice president of the St. Louis Federal Reserve Bank and a professor of economics at Simon Fraser University. He joins the show to discuss life at the St. Louis Fed, equity-based...

25 Heinä 201659min

15 - Robert Hall on GDP Measurement and the Long Slump

15 - Robert Hall on GDP Measurement and the Long Slump

Robert Hall, professor of economics at Stanford University and senior fellow at the Hoover Institution, has written on macroeconomic issues since the 1960s. Bob is also the chairman of the National Bu...

18 Heinä 20161h 4min

14 - Mark Thoma on Fiscal Policy, Econometrics, and Political Business Cycles

14 - Mark Thoma on Fiscal Policy, Econometrics, and Political Business Cycles

In this week's episode, David speaks with Mark Thoma, professor of economics at the University of Oregon and author of the popular blog, "Economist's View." Mark discusses his journey into econometric...

11 Heinä 20161h

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

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
herrasmieshakkerit
ostan-asuntoja-podcast
rss-rahamania
rss-lahtijat
rahapuhetta
rss-sami-miettinen-neuvottelija
rss-doulapodi
rss-paasipodi
yrittaja
hyva-paha-johtaminen
juristipodi
rss-sisalto-kuntoon
rss-seuraava-potilas
pomojen-suusta
seminuoret-sijoittajat
rss-porssipuhetta