Austan Goolsbee on Central Banking as a Data Dog

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.

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Luigi Zingales on Italy, Google and Conglomeration, and Donald Trump (Live at Mason)

Luigi Zingales on Italy, Google and Conglomeration, and Donald Trump (Live at Mason)

In the third event of this series, Tyler and Luigi Zingales discuss Italy, Donald Trump, Antonio Gramsci, Google and conglomeration, Luchino Visconti, Starbucks, and the surprisingly high productivity of Italian cafés. Read a full transcript enhanced with helpful links, or watch the full video. Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

16 Sep 20151h 16min

Jeffrey Sachs on Charter Cities and How to Reform Graduate Economics Education (Live at Mason)

Jeffrey Sachs on Charter Cities and How to Reform Graduate Economics Education (Live at Mason)

Tyler Cowen and Jeffrey Sachs discuss the resource curse, why Russia failed and Poland succeeded, charter cities, Sach's China optimism, JFK, Paul Rosenstein-Rodan, whether Africa will be able to overcome the middle income trap, Paul Krugman, Sach's favorite novel, premature deindustrialization, and how to reform graduate economics education. Read a full transcript enhanced with helpful links, or watch the full video. Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter Follow Jeff on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

31 Mars 20151h 32min

Peter Thiel on Stagnation, Innovation, and What Not to Call your Company (Live at Mason)

Peter Thiel on Stagnation, Innovation, and What Not to Call your Company (Live at Mason)

Peter Thiel and Tyler Cowen, both New York Times bestselling authors, are among today's top global thought leaders and influential innovators. Listen as these two engage in a serious dialogue on the ideas and policies that will shape the future of innovation and progress in the coming years and decades. Peter Thiel is among the most impressive innovators of the past two decades. As co-founder of Paypal and seed-funder for Facebook, Thiel has been instrumental in the conception and growth of some of today's most entrepreneurial and innovative companies. In his latest best-selling book, Zero to One, Thiel explains how to build a better future by capitalizing on innovation. A staunch optimist, he maintains that progress can be achieved anywhere the human mind is able to think creatively. Thiel describes how entrepreneurial thinking leads to innovation, which builds something new and moves the mark from zero to one. Note: Due to a technical malfunction, the audio quality briefly drops from 11:15 - 13:30. Read a full transcript enhanced with helpful links, or watch the full video. Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter Follow Peter on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

25 Mars 20151h 20min

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