80 – Karl Smith on Market Power, the Great Variation, and Choices for Fed Chair

80 – Karl Smith on Market Power, the Great Variation, and Choices for Fed Chair

Karl Smith is the director of economic research at the Niskanen Center. He joins the show to discuss his thoughts on increasing market power (the ability of firms to influence prices) in the United States. Karl argues that this is at least partially due to what he calls the "Great Variation," the desire many Americans have had for more individualized consumer goods since the 1960s. Finally, Karl also shares his thoughts on some of President Trump's choices for Federal Reserve chair. David's blog: macromarketmusings.blogspot.com/ Macro Musings podcast site: macromusings.com David's Twitter: @DavidBeckworth Karl Smith's Niskanen profile: https://niskanencenter.org/blog/staff/chief-economist/ Karl Smith's Twitter: @karlbykarlsmith "Modeled Behavior": https://www.forbes.com/sites/modeledbehavior/#661385b4a824 Related links: "Mark-Ups and Market Power" by Karl Smith https://niskanencenter.org/blog/markups-market-power/ "The Great Variation" by Karl Smith https://niskanencenter.org/blog/notes/the-great-variation/ https://niskanencenter.org/blog/notes/just-say-no-kevin-warsh/

Episoder(542)

Austin Campbell on the Rise and Regulation of Dollar Backed Stablecoins

Austin Campbell on the Rise and Regulation of Dollar Backed Stablecoins

Austin Campbell runs Zero Knowledge Group, a consulting and advising firm in the digital assets space and is an adjunct professor at New York University's Stern School of Business. In Austin's first a...

1 Des 202558min

Mike Bird on the Land Trap and How the History of Housing Impacts the Global Economy

Mike Bird on the Land Trap and How the History of Housing Impacts the Global Economy

Mike Bird is the Wall Street editor for The Economist magazine and is the author of The Land Trap: A New History of the World's Oldest Asset. Mike returns to the show to discuss the conclusion of Aben...

24 Nov 20251h 1min

Lukasz Rachel on Non-Ricardian Macroeconomic Policy and Its Implications for Inflation

Lukasz Rachel on Non-Ricardian Macroeconomic Policy and Its Implications for Inflation

Lukasz Rachel is a former Bank of England economist and currently is an assistant professor of economics at the University College of London. In Lukasz's first appearance on the show he discusses his ...

17 Nov 202551min

Tara Sinclair on Building a Synthetic FOMC Through AI

Tara Sinclair on Building a Synthetic FOMC Through AI

Tara Sinclair is a professor and chair of the economics department at George Washington University. Tara returns to the show to discuss her ambitious paper simulating an FOMC meeting before it happens...

10 Nov 202552min

Bryan Cutsinger on the What the History of Growth Driven Deflation Can Teach us about a Potential AI Boom

Bryan Cutsinger on the What the History of Growth Driven Deflation Can Teach us about a Potential AI Boom

Bryan Cutsinger is a monetary historian and an assistant professor of economics at Florida Atlantic University. Bryan returns to the show to discuss how we think about deflation, the history of grow...

3 Nov 202556min

Will Roberds and Steve Quinn on the Original Central Bank: the Bank of Amsterdam

Will Roberds and Steve Quinn on the Original Central Bank: the Bank of Amsterdam

Will Roberds is an economist emeritus of the research department of the Federal Reserve Bank of Atlanta. Steve Quinn is a professor of economics at Texas Christian University. In Will and Steve's firs...

27 Okt 202557min

Jim Clouse on the Last 4 Decades at the Most Powerful Central Bank in the World

Jim Clouse on the Last 4 Decades at the Most Powerful Central Bank in the World

Jim Clouse is a veteran of the Federal Reserve System and is currently a fellow at the Andersen Institute. In Jim's first appearance on the show, he discusses the evolution of monetary rules at the Fe...

20 Okt 20251h 1min

Manmohan Singh on the Meaning of Money after the GENIUS Act

Manmohan Singh on the Meaning of Money after the GENIUS Act

Manmohan Singh is the editor-in-chief of the Journal of Financial Markets Infrastructure. Manmohan returns to the show to discuss whether money still matters, the impacts of the GENIUS ACT, the lobbyi...

13 Okt 202553min

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
livet-pa-veien-med-jan-erik-larssen
finansredaksjonen
pengesnakk
pengepodden-2
tid-er-penger-en-podcast-med-peter-warren
utbytte
rss-sunn-okonomi
morgenkaffen-med-finansavisen
liberal-halvtime
stormkast-med-valebrokk-stordalen
lederpodden
rss-markedspuls-2
okonomiamatorene
rss-politisk-preik