Macro Musings with David Beckworth

Sam Hammond is the director of poverty and welfare policy at the Niskanen Center and Brink Lindsey is vice president and director of the Open Society Project at the Niskanen Center. Both are returning guests to the podcast, and they join David again on Macro Musings to talk about their new pro-growth report titled, *Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy.* Specifically, they detail a number of different policies the US government could adopt to achieve faster and fairer economic growth, including social insurance modernization, child allowances, and more.   Transcript for the episode can be found here.   Sam’s Twitter: @hamandcheese Sam’s Niskanen profile: https://www.niskanencenter.org/author/samuel-hammond/   Brink’s Twitter: @lindsey_brink Brink’s Niskanen profile: https://www.niskanencenter.org/author/brink-lindsey/   Related Links:   *Faster Growth, Fairer Growth: Policies for a High Road, High Performance Economy* by Brink Lindsey and Sam Hammond https://www.niskanencenter.org/faster-growth-fairer-growth-policies-for-a-high-road-high-performance-economy/   *Are Ideas Getting Harder to Find?* by Nicholas Bloom, Charles Jones, John Van Reenen, and Michael Webb https://web.stanford.edu/~chadj/IdeaPF.pdf   *How Asia Works* by Joe Studwell https://groveatlantic.com/book/how-asia-works/   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/

30 Nov 202059min

Bilal Hafeez is the CEO and Founder of Macro Hive and previously worked at JP Morgan, Deutsche Bank and Nomura. Bilal joins Macro Musings to discuss recent economic developments and the outlook for inflation after the COVID-19 crisis. Specifically, Bilal and David discuss the prospects for a K-shaped US recovery, COVID-19’s impact on the Eurozone and the UK, how the launch of the EU’s recovery fund has fared, and how the pandemic has impacted the outlook for the services sector, inflation, and the US dollar.   Transcript for the episode can be found here.   Bilal’s Macro Hive profile: https://macrohive.com/researcher/bilal-hafeez/ Bilal’s website: http://bilalhafeez.com/ Bilal’s Twitter: @bilalhafeez123   Related Links:   *The True Economic Consequences of the COVID Peace* by Bilal Hafeez https://macrohive.com/hive-exclusives/the-true-economic-consequences-of-the-covid-peace   *EU Enjoys ‘Outrageous Demand’ for First Covid-related Bond* by Tommy Stubbington https://www.ft.com/content/e3553b68-22c8-487c-a7c0-7e1c6dc0ec4b   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/

23 Nov 202054min

Adam Ozimek is the chief economist for Upwork, a global remote freelancing platform, and a returning guest to the podcast. Adam rejoins Macro Musings to talk about some of the lasting impacts of the pandemic on businesses; specifically its influence on remote work. David and Adam also discuss the results of the payment protection program, why the prime age employment to population ratio should become the most important employment measure, the economic geography of remote work, and more.   Transcript for the episode can be found here.   Adam’s Twitter: @ModeledBehavior Adam’s website: https://adamozimek.com/   Related Links:   *The Future of Remote Work*by Adam Ozimek https://www.upwork.com/press/releases/the-future-of-remote-work   *COVID-19 and Remote Work: An Early Look at US Data* by Erik Byrnjolfsson, John Horton, Adam Ozimek, Daniel Rock, Garima Sharma, and Hong-Yi TuYe https://www.nber.org/papers/w27344   *Where Remote Work Saves Commuters Most* by Adam Ozimek https://www.upwork.com/press/releases/where-remote-work-saves-commuters-most   *When Work Goes Remote* by Adam Ozimek https://www.upwork.com/research/when-work-goes-remote   *How Many Jobs can be Done at Home?* by Jonathan Dingel and Brent Neiman https://bfi.uchicago.edu/wp-content/uploads/BFI_White-Paper_Dingel_Neiman_3.2020.pdf   *How Many U.S. Jobs Might be Offshorable?* by Alan Blinder https://www.princeton.edu/~ceps/workingpapers/142blinder.pdf   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/

16 Nov 202051min

Alan Cole is a senior economist at the Joint Economic Committee of Congress. Alan joins David on Macro Musings to discuss his work with the JEC and his thoughts on the economy. Specifically, Alan and David discuss the high savings rate during the COVID-19 crisis, the track record of US monetary policy from the 2008 financial crisis to the 2020 COVID-19 crisis, why the Fed’s commitment to average inflation targeting is an incremental step toward level targeting, and suggestions for the Fed moving forward.   Transcript for the episode can be found here.   Alan’s Twitter: @AlanMCole   Related Links:   The JEC’s Social Capital Project: https://www.jec.senate.gov/public/index.cfm/republicans/socialcapitalproject   *Saving and COVID-19* by Alan Cole https://www.jec.senate.gov/public/index.cfm/republicans/analysis?ID=754B52C6-04CD-458B-8755-98D1219398F1   *Stable Monetary Policy to Connect More Americans to Work* by Alan Cole https://www.jec.senate.gov/public/index.cfm/republicans/analysis?ID=051267FC-0147-4E31-BE80-946E0543AF82    *Bullard May Be More Right Than Wrong* by Tim Duy https://blogs.uoregon.edu/timduyfedwatch/2020/09/28/bullard-may-be-more-right-than-wrong/   *The Fed’s Mistake* by Adam Ozimek and Michael Ferlez https://www.economy.com/home/products/samples/2018-11-20-Feds-Mistake.pdf   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/

9 Nov 202050min

David French is a senior editor of The Dispatch and has written widely on American politics. David has a new book out on the polarization in the United States titled, *Divided We Fall: America’s Secession Threat and How to Restore our Nation.* He joins Macro Musings for another special presidential election episode to discuss this book as well as what political polarization means for the election, this country, and the economy. Specifically, both Davids talk about the political geography of polarization, the national red state versus blue state dynamics, and how instituting more federalism might be the solution.   Transcript for the episode can be found here.   David French’s Twitter: @DavidAFrench David French’s Dispatch archive: https://thedispatch.com/people/5849328-david-french   Related Links:   *Divided We Fall: America’s Secession Threat and How to Restore our Nation* by David French https://us.macmillan.com/books/9781250201973   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/

2 Nov 202058min

Michael Strain is the Director of Economic Policy Studies at the American Enterprise Institute, and a previous guest of the show. Michael joins Macro Musings for a special presidential election episode to discuss President Trump's economic record and what a Biden presidency might mean for the economy compared to a second term for President Trump. Specifically, David and Michael discuss the presidential candidates’ past records and campaign goals for trade, taxes, regulations, immigration, and more.   Transcript for the episode can be found here.   Michael’s Twitter: @MichaelRStrain Michael’s AEI profile: https://www.aei.org/profile/michael-r-strain/   Related Links:   The Mercatus Center’s RegData databse:  https://www.mercatus.org/publications/regulation/regdata   *The triumph of the Trump tax cuts* by Joshua McCabe https://thehill.com/opinion/finance/522813-the-triumph-of-the-trump-tax-cuts   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/

29 Okt 202038min

Matt Yglesias is the co-founder of Vox, a senior correspondent who focuses on politics and economic policy, and a returning guest to the podcast. Matt once again joins Macro Musings to discuss his new book, *One Billion Americans: The Case for Thinking Bigger.* Specifically, David and Matt talk about how to reinvigorate the economy; through enacting better housing and transportation policies, dramatically increasing immigration, reviving America’s forgotten cities, and more. Finally, they also discuss the Fed’s new average inflation targeting regime, and what kind of direction the Fed will take over the new few years.   Transcript for the episode can be found here.   Matt’s Twitter: @mattyglesias Matt’s Vox profile: https://www.vox.com/authors/matthew-yglesias Matt’s podcast: https://www.vox.com/the-weeds   Related Links:   *One Billion Americans: The Case For Thinking Bigger* by Matt Yglesias https://www.penguinrandomhouse.com/books/636499/one-billion-americans-by-matthew-yglesias/   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/

26 Okt 20201h 1min

Shruti Rajagopalan is a Senior Research Fellow at the Mercatus Center where she leads the programs Indian Political Economy Research and the Emergent Ventures India. Shruti joins David on Macro Musings to discuss the past, present and future of the Indian economy. Specifically, Shruti and David discuss India’s mid-20th century experiment with socialism, subsequent reforms from 1980 through the 2000s, and how further reforms to manufacturing and to land and labor markets can accelerate its economic development.   Transcript for the episode can be found here.   Shruti’s Twitter: @srajagopalan Shruti’s Mercatus profile: https://www.mercatus.org/scholars/shruti-rajagopalan Shruti’s podcast, *Ideas of India*: https://www.discoursemagazine.com/tag/ideas-of-india-podcast/https://www.mercatus.org/tags/ideas-india   Related Links:   *India Grows at Night* by Gurcharan Das https://www.amazon.com/India-Grows-At-Night-Liberal/dp/0670084700   *In India, Don’t Hate the Matchmaker* by Shruti Rajagopalan https://www.bloomberg.com/opinion/articles/2020-08-02/netflix-s-indian-matchmaking-is-only-too-accurate   *It’s Chiefly Rent Seekers Who Oppose Our Farm Reforms* by Shruti Rajagopalan https://www.livemint.com/opinion/columns/it-s-chiefly-rent-seekers-who-oppose-our-farm-reforms-11601304066126.html   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/

19 Okt 20201h 6min