Explore "keynesian" with insightful episodes like "Episode 181 – Keynesian Economics (Podcast)", "Economic Threats with Lani Elliott", "Scott Sumner on What Milton Friedman Would Think of Monetary Policy Today", "Zach Carter On the Keynesian Approach to Climate Action And a Green New Deal" and "Episode 19 - War Pigs" from podcasts like ""Free To Choose Media Podcast", "Civil Defense Radio", "Macro Musings with David Beckworth", "The Climate Pod" and "Dress Shoes You Can Fight In"" and more!
Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center. Scott joins David on Macro Musings to discuss Milton Friedman's views and what he might say about some of the recent developments in monetary policy. Specifically, Scott and David talk about nominal interest rates as indicators of the stance of monetary policy, fiscal austerity as means of reducing excessive aggregate demand, Friedman’s critique of the Phillips curve and wage and price controls, what Friedman might have said about the recent inflation numbers, and much more.
Transcript for the episode can be found here.
Scott’s automated Twitter: @MoneyIllusion
Scott’s blog: https://www.themoneyillusion.com/
Scott’s Mercatus profile: https://www.mercatus.org/scholars/scott-sumner
Related Links:
*Friedman's Smashing Success* by Scott Sumner
https://www.econlib.org/friedmans-smashing-success/
*Inflation is a Nominal Phenomenon* by Scott Sumner
https://www.econlib.org/inflation-is-a-nominal-phenomenon/
*The Role of Monetary Policy* (1968) by Milton Friedman
https://link.springer.com/chapter/10.1007/978-1-349-24002-9_11
*What Would Milton Friedman Have Thought of Market Monetarism?* by Scott Sumner
David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth
This week, Zach Carter, author of The Price of Peace: Money, Democracy and the Life of John Maynard Keynes, joins the show (14:58) for a wide-ranging and in-depth conversation on the legendary economist and what a Keynesian approach to green recovery should look like. Would Keynes support a Green New Deal? We dig into it.
Co-hosts Ty Benefiel and Brock Benefiel also discuss the record-setting heat in California and wildfire outbreaks across the Western states.
As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our new YouTube channel!
Further Reading:
California wildfires: Fire chief says dozens of major blazes have state in 'dire situation'
80% of the buildings in an eastern Washington town were destroyed during a Labor Day firestorm
Record Heat Wave Creates 'Kiln-Like' Conditions In California
California Facing Santa Ana Winds After Sweltering in All-Time Record Heat and Wildfire Smoke
PG&E power shutoffs expected to last through Wednesday
On this week's episode, Executive Editor Teddy Downey sat down with Zach Carter, Senior Reporter at HuffPost, to discuss how the idea that 'the government can't run out of money' is picking up momentum as a frame for economic thinking on Wall Street and Capitol Hill.
It will be an epic economic irony if our Democratic Republic, and our freedoms, are saved by the policies that have driven Kansas into the ground.
Jason Burack of Wall St for Main St had on returning guest, editor of The Hat Trick Letter found at Golden Jackass http://www.goldenjackass.com/, Jim Willie for another in depth interview.
During this hour+ long interview, Jason asks Jim about major topics including:
1) Why are the banks and politicians moving things towards a cashless society?
2) Why don't Keynesian economists consider asset prices going up a lot as evidence of inflation?
3) China QE coming and China Gold Reserves update- Will China announce a public update to its gold reserves in the next 12 months to join the SDR basket? Does China plan to take apart the IMF from the inside out by joining the SDR while it builds the AIIB?
4) Is there a global currency war or are governments & central banks coordinating things and taking turns with QE to devalue currency and prop up markets?
5)George Soros says WWIII is coming soon between the US and China. Do you agree with him?
6)Hillary Clinton scandals- Why do political elites like her get mostly a free pass from the mainstream media, justice department, etc?
7)New Technology- Is it causing massive amounts of damage to the global economy while also stripping us of all our privacy and civil liberties?
For answers to these questions and other interesting topics please listen to the interview!
Jason Burack of Wall st for Main St had on returning guest, hedge fund manager, author and newsletter writer of Addicted to Profits http://addictedtoprofits.net/, Dave Skarica.
Dave's newest book out is, Collapse! How the Federal Reserve Created Another Stock Market Bubble And Why It Will Collapse.
During this 50+ minute discussion, Jason asks Dave about his newest book, Collapse, and why the stock market hasn't collapsed yet?
Dave talks about flight capital leaving other countries to come into the US and how central bankers are helping prop up asset markets. Dave doesn't think this is sustainable and that the US stock market is long overdue for a nasty and deep correction in the near future.
After this massive correction or crash, Dave thinks the Federal Reserve instead of threatening to raise interest rates, will instead go for QE4 to try and manipulate interest rates lower using financial repression.
Dave thinks much more painful stagflation is in the future for the US and most of the rest of the world once the US Federal Reserve reverses course.
Next, Jason asks Dave if it's become increasingly more difficult to be a contrarian investor and a value investor with the Federal Reserve and other Keynesian central banks all around the globe trying to boost asset prices with QE, Wealth Effect, etc.
Dave thinks it's a lot harder to be a contrarian now and Jason and Dave discuss the investing philosophy and methodology of one of the world's most famous investors, Sir John Templeton.
Jason and Dave also have a long discussion about financial engineering and how it's become pervasive both in corporate America and also by governments and their central banks.
Next, Dave talks about the markets he is current buying and where he sees value. Jason and Dave discuss oil, coal and the precious metals during the rest of this interview.
John Manfreda of Wall Street for Main Street interviewed Chris Marchese who is an economics and equity analyst for the Morgan Report, and co-author of the recently released Silver Manifesto. They discussed, the birth place of paper money, money supply and how it correlates to GDP growth, the free banking era in the US, deflation, the U.S. economy, if the Fed could raise rates, what the recent rise of the dollar means, the new Asian infrastructure bank, the PM market and why it might be turning, and John finished the interview by asking him are the miners the cheapest they have ever been in his finance career.
To find more information on Chris Marchese, please go to http://www.silver-investor.com/
Jason Burack of Wall St for Main St interviewed Austrian School Economist and author Richard Ebeling. Richard is currently the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel in Charleston, South Carolina.
Richard's full bio can be found here: http://en.wikipedia.org/wiki/Richard_...
Richard's weekly articles can be found here: http://www.epictimes.com/richardebeling/
He also writes Austrian School of Economics books and occasionally writes for the Mises Institute.
During this 30+ minute interview, Jason asks Richard to explain the differences between the 3 major schools of economics: Keynesian, Monetarist and Austrian School of Economics. Richard goes in depth and into great detail on the origins and core philosophies of all 3 major schools of economic thought.
John Manfreda of Wall Street for Main Street interviewed Peter Schiff President of Europacific Capital, Europacific Bank, and Schiffgold. They discuss the most recent jobs report, student loan bankruptcies, Federal Reserve interest rates, global QE, gold, Austrian economics, why professionals follow Keynesian economics and don't read Austrian economics, the rise of the internet and more.
Jason Burack had on returning guest Jeff Berwick founder of Dollar Vigilante http://dollarvigilante.com/ and the popular Anarcho-Capitalist podcast, Anarchast http://anarchast.com/
During this 40+ minute interview, Jason asks Jeff why the global financial system hasn't collapsed yet? Jeff says a lot of money has been printed to keep the game going longer but that he would be surprised if things last another 5-7 years. Jason and Jeff discuss Keynesian Economics and the brainwashing of children in schools in the US to allow the government to do almost anything it wants.
Next, Jason asks Jeff if Austrian School Economist and founder of anarcho-capitalism, Murray Rothbard (if he were still alive) would be surprised the game has been kept going longer than expected? Plus much more!
Geoff Harcourt is perhaps one of Australia’s most well known economists.
A Cambridge pupil of John Maynard Keynes, he is best known for his role in Cambridge Controversies in the Theory of Capital. This was the theoretical and mathematical debate that raged during the 1960s among economists concerning the role and nature of capital goods (also known as the means of production) and the critique of the dominant vision of aggregate production and distribution (held to be the neoclassical model).
In the half-century since he has developed his own suite of post-Keynesian models, and on the occasion of his 80th birthday a conference in his honour was held looking at “The Future of Capitalism”.
Here, he talks to Julian Lorkin about the academic path that lead him to develop the Cambridge Controversies, his life & career in Economics.
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