61 - Steve Horwitz on Monetary Disequilibrium and Austrian Business Cycle Theory

61 - Steve Horwitz on Monetary Disequilibrium and Austrian Business Cycle Theory

Steven Horwitz is a professor of economics at Ball State University and a senior affiliated scholar at the Mercatus Center at George Mason University. He joins the show to discuss monetary disequilibrium (the condition when the supply and demand for money are not aligned, which leads to either inflation or deflation). David and Steve also examine Austrian Business Cycle Theory – a theory of how "malinvestment" caused by bad policy leads to an unsustainable boom and inevitable bust. Steve also explains how monetary disequilibrium led to the Great Recession and offers some solutions for minimizing business cycles in the future. David's blog: http://macromarketmusings.blogspot.com/ Steve Horwitz's personal website: http://myslu.stlawu.edu/~shorwitz/ Steve Horwitz's Mercatus profile: https://www.mercatus.org/steven-horwitz David's Twitter: @DavidBeckworth Related links: *Microfoundations and Macroeconomics: An Austrian Perspective* by Steven Horwitz https://www.amazon.com/Microfoundations-Macroeconomics-Perspective-Steven-Horwitz/dp/0415569575 "An Introduction to U.S. Monetary Policy* by Steven Horwitz https://www.mercatus.org/publication/introduction-us-monetary-policy

Avsnitt(546)

Scott Lincicome on the Trump Trade War

Scott Lincicome on the Trump Trade War

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Lyman Stone on Demographic and Marriage Decline

Lyman Stone on Demographic and Marriage Decline

Sign up for David's Substack: Macroeconomic Policy Nexus Lyman Stone is a demographer and the director of the Pronatalism Initiative at the Institute for Family Studies. In Lyman's first appearance o...

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Athanasios Orphanides on Real-Time Monetary Rules and their Impact on the Fed's Framework Review

Athanasios Orphanides on Real-Time Monetary Rules and their Impact on the Fed's Framework Review

Sign up for David's Substack: Macroeconomic Policy Nexus Athanasios Orphanides is a professor at MIT, formerly served at the Federal Reverse for 15 years, and was the Governor of the Central Bank of ...

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Dean Ball on the Past, Present, and Future of AI

Dean Ball on the Past, Present, and Future of AI

Dean Ball is a research fellow at the Mercatus Center. In Dean's first appearance on the show, he explains the AI revolution, current AI developments, policy implications of the AI boom, and the futur...

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Liya Palagashvili on the Gig Economy, Portable Benefits, and Changing Labor Regulations

Liya Palagashvili on the Gig Economy, Portable Benefits, and Changing Labor Regulations

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Evan Koenig on the Case for Nominal GDP Targeting

Evan Koenig on the Case for Nominal GDP Targeting

Evan Koenig is a former senior aide to the president of the Dallas Fed. Evan returns to the show to discuss, the ins and outs of nominal GDP targeting, the practical applications of NGDP targeting, th...

24 Feb 202551min

Steven Kelly on the Challenges of Treasury Equity Funding for 13(3) Facilities

Steven Kelly on the Challenges of Treasury Equity Funding for 13(3) Facilities

Steven Kelly is the associate director of research as the Yale Program on Financial Stability. Steven returns to the show to discuss his new model, the Treasury Equity Model of the Federal Reserve's e...

17 Feb 202548min

Senator Pat Toomey on Fed Governance, Monetary Policy, and the future of Digital Assets

Senator Pat Toomey on Fed Governance, Monetary Policy, and the future of Digital Assets

Pat Toomey is a former senator from the state of Pennsylvania and served on the Committee on Banking, Housing, and Urban Affairs. In Pat's first appearance on the show he discussed his career in publi...

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