Conversations with Tyler25 Jun 2025

Austan Goolsbee on Central Banking as a Data Dog

Austan Goolsbee is one of Tyler Cowen's favorite economists—not because they always agree, but because Goolsbee embodies what it means to think like an economist. Whether he's analyzing productivity slowdowns in the construction sector, exploring the impact of taxes on digital commerce, or poking holes in overconfident macro narratives, Goolsbee is consistently sharp, skeptical, and curious. A longtime professor at the University of Chicago's Booth School and former chair of the Council of Economic Advisers under President Obama, Goolsbee now brings that intellectual discipline—and a healthy dose of humor—to his role as president of the Federal Reserve Bank of Chicago.

Tyler and Austan explore what theoretical frameworks Goolsbee uses for understanding inflation, why he's skeptical of monetary policy rules, whether post-pandemic inflation was mostly from the demand or supply side, the proliferation of stablecoins and shadow banking, housing prices and construction productivity, how microeconomic principles apply to managing a regional Fed bank, whether the structure of the Federal Reserve system should change, AI's role in banking supervision and economic forecasting, stablecoins and CBDCs, AI's productivity potential over the coming decades, his secret to beating Ted Cruz in college debates, and more.

Read a full transcript enhanced with helpful links, or watch the full video on the new dedicated Conversations with Tyler channel.

Recorded March 3rd, 2025.

Help keep the show ad free by donating today!

Other ways to connect

Follow us on X and Instagram
Follow Tyler on X
Follow Austan on X
Sign up for our newsletter
Join our Discord
Email us: cowenconvos@mercatus.gmu.edu
Learn more about Conversations with Tyler and other Mercatus Center podcasts here.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(288)

Andrew Ross Sorkin on Market Bubbles, Banking Rules, and the Real Lessons of 1929

Andrew Ross Sorkin sees the crash of 1929 as a tale of excessive leverage and irrational speculation, but Tyler wonders: maybe those sky-high 1929 prices were actually justified given America's remark...

4 Feb 56min

Diarmaid MacCulloch on Christianity, Sex, and Unsettling Settled Facts

Tyler considers Diarmaid MacCulloch one of those rare historians whose entire body of work rewards reading. This work includes his award-winning Cranmer biography, his sweeping histories of Christiani...

21 Jan 59min

Brendan Foody on Teaching AI and the Future of Knowledge Work

At 22, Brendan Foody is both the youngest Conversations with Tyler guest ever and the youngest unicorn founder on record. His company Mercor hires the experts who train frontier AI models—from poets g...

7 Jan 1h 1min

Conversations with Tyler 2025 Retrospective

Help us keep the conversations going in 2026. Donate to Conversations with Tyler today. On this special year-in-review episode, Tyler and producer Jeff Holmes look back on the past year on CWT and mo...

23 Des 202559min

Alison Gopnik on Childhood Learning, AI as a Cultural Technology, and Rethinking Nature vs. Nurture

Help us keep the conversations going in 2026. Donate to Conversations with Tyler today. Alison Gopnik is both a psychologist and philosopher at Berkeley, studying how children construct theories of t...

17 Des 20251h 1min

Gaurav Kapadia on New York City, Investing, and Contemporary Art

Help us keep the conversations going in 2026. Donate to Conversations with Tyler today. Gaurav Kapadia has deliberately avoided publicity throughout his career in investing, which makes this conversa...

10 Des 202559min

Dan Wang on What China and America Can Learn from Each Other

Help us keep the conversations going in 2026. Donate to Conversations with Tyler today. Dan Wang argues that China is a nation of engineers while America is a nation of lawyers, and this distinction ...

3 Des 20251h 32min

Cass Sunstein on Liberalism and Rights in the Age of AI

Cass Sunstein is one of the most widely cited legal scholars of all time and among the most prolific writers working today. This year alone he has five books out, including Imperfect Oracle on the str...

26 Nov 20251h 19min