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This week's episode of the Mixtape with Scott is with a man I have gotten to become friends somewhat unexpectedly: Miles Kimball (Wikipedia). Miles is currently the Eugene D. Eaton Jr. professor in the economics department University of Colorado Boulder. And we got to know each other through a mutual friend, and discovered that we had many of the same somewhat eccentric interests around mental health, self improvement and a desire to serve the profession in our own personal ways. This is a long interview, but I found it fascinating. I wanted to talk to Miles about his growing up because he grew up in a famous family — his grandfather was named Spencer Kimball, the twelfth President of the Church of Latter Days Saints. Not being Mormon myself, it took me some research to understand the significance, but here's a wikipedia article about who the President is in the Church of Latter Day Saints. It was an office originally held by the Church's founder, Joseph Smith, and is their highest governing body. Members of the church consider the President to be also a revelatory person — a prophet and seer — and so I was fascinated both by that background, but also Miles's own personal story as he left the Mormon church over 20 years ago, an act that I had to imagine was consequential for his life, and very difficult to summarize what it meant for him.Miles research productivity and interests are diverse. It ranges from the furthest parts of our tradition with topics in macroeconomics, the zero lower bound, theoretical elements of human decision making, subjective measures of well being and happiness, measurement, and more. But this is exactly the kind of person I have come to associate with Miles — his passions (and they are passions) range a very broad topic area. He is one of these renaissance types who goes broad and deep — not either/or; rather both/and. He is also, like me under what can only be described as a sense of calling to something bigger than himself to help economists with improving mental health by providing free life coaching “pods” — small groups who meet regularly over zoom going through life coaching curriculum, led by trained life coaches. Given the high rates of depression, anxiety and loneliness documented among our students, I am grateful for him. So let me now introduce you to Miles on this journey through his life. I hope you enjoy it. Thanks again for all your support of the podcast and me. Remember to like, share, follow — all that stuff — if you find these interviews about our economists and the profession interesting. Scott's Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Substack at causalinf.substack.com/subscribe
Key Insights:* Yes, it is possible to talk about everything in an hour…* We are not very far apart on what the Fed is doing and should be doing—there is only a 100 basis-point disagreement…* Miles would be 100% right about the proper stance of monetary policy if he were in control of the Fed…* Miles is not in control of the Fed…* Thus Brad thinks that asymmetric risks strongly militate for pausing for six months, and then moving rapidly…* Smart people need to think much more about how to increase love…* Remember Robot Tarktil!* Noah Smith's mother is a good friend of “Murderbot” author Martha Wells…* Hexapodia!!References:* Robert Barsky, Christopher House, & Miles Kimball: Sticky-Price Models and Durable Goods * Daron Acemoglu & James Robinson: The Narrow Corridor * Mancur Olson: The Rise & Decline of Nations * Thomas Hobbes: Leviathan * John Locke: Second Treatise of Government * Edward Bellamy: Looking Backward * Robin Hanson: The Age of Em * Ruchir Agarwal & Miles Kimball: The Future of Inflation”: in Finance & Development ; IMF Podcasts * Miles Kimball: Bibliographic Post on Negative Interest Rate Policy: "How and Why to Eliminate the Zero Lower Bound: A Reader's Guide” * Miles Kimball: How a Toolkit Lacking a Full Strength Negative Interest Rate Option Led to the Current Inflationary Surge ; * Miles Kimball: How Having Negative Interest Rate Policy in Its Toolkit Would Make the Fed Braver in Confronting Inflation with Needed Rate Hikes—A Tweetstorm” * Miles Kimball: Brad DeLong Confirms that Not Having Negative Interest Rate Policy in the Monetary Policy Toolkit Makes People Afraid of Vigorous Rate Hikes to Control Inflation” ; * Miles Kimball: Serious silliness: * Miles Kimball: On the Fed's 3/4% hikes:* Miles Kimball: ”Next Generation Monetary Policy” * Miles Kimball: Tweetstorm of Favorite Passages from Noah Smith's Review of Brad DeLong's book Slouching Towards Utopia * Miles Kimball: On the Age of Em * Miles Kimball: On Consciousness * Miles Kimball: The Decline of Drudgery and the Paradox of Hard Work * Miles Kimball: The Potential of a National Well-Being Index * Miles Kimball: My Experiences with Gary Becker * Miles Kimball: Benjamin Franklin's Strategy to Make the US a Superpower Worked Once, Why Not Try It Again? * Miles Kimball: Life Coaching * Miles Kimball: Odious Wealth * Miles Kimball: Oren Cass on the Value of Work * Miles Kimball: Janet Yellen is Hardly a Dove—She Knows the US Economy Needs Some Unemployment * Miles Kimball: How and Why to Expand the Nonprofit Sector: A Reader's Guide * Miles Kimball: On John Locke's Second Treatise +, of course:* Vernor Vinge: A Fire Upon the Deep Start writing today. Use the button below to create your Substack and connect your publication with Brad DeLong's Grasping Reality Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
Most people and virtually all businesses now use electronic money for their transactions, yet central banks are still dealing with what's known among economists as the paper currency problem, which limits central banks' ability to use deep negative rates to fight recessions. In this second episode of a two-part series on inflation, economists Miles Kimball and Ruchir Agarwal discuss how fully committing to an electronic money standard would allow central banks to break the zero lower bound associated with paper currency and help them to fight both inflation and recessions more effectively, including by lowering the inflation target. Transcript: https://bit.ly/3vncUwW Miles Kimball is a professor at the University of Colorado, Boulder, and Ruchir Agarwal is a senior economist in the IMF Research Department. This podcast series is based on their inflation trilogy published in Finance and Development. Read the articles at IMF.org/fandd
Everyone feels the pinch when inflation is on the rise and so the pressure on central banks to manage inflation rates has grown exponentially in recent weeks. In this first podcast of a two-part series on inflation, distinguished economists Miles Kimball and Ruchir Agarwal discuss how a robust negative interest rate policy can help central banks better control inflation and stabilize the economy. Transcript: https://bit.ly/3xlHFEK Miles Kimball is a professor at the University of Colorado, Boulder, and Ruchir Agarwal is a senior economist in the IMF Research Department. This podcast series is based on their inflation trilogy published in Finance and Development. Read the article at IMF.org/fandd
This week we mourn the passing of Bob Saget and goss' 'bout what's okay to talk about regarding Spider-Man: No Way Home, how many movie trailers is too many, the vast differences between movie and TV people, Jackie and MJ having joined the cult of porch geese and discovered the wonders of Miles Kimball, Reese Witherspoon's habit list and Ina Garten's much more relatable one, breaking news regarding MGK and Megan Fox with a special Holden Reacts, the "unique" celebrity tribute to David Bowie for his 75th birthday, and in celeb conspiracy corner; Is Paris Hilton a nerd for ham radios?! Not to mention an inspiration filled list, blinds and the shoutz! Want even more Page 7? Support us on Patreon! Patreon.com/Page7Podcast
For all its strengths in measuring a country's economy, GDP falls short when it comes to gauging the well-being of its residents. For example, per capita GDP numbers today suggest people in the US are better off now than they were before the pandemic, regardless of the enduring social and economic upheaval. The recognition that GDP cannot encompass many dimensions of well-being has prompted a search for measures that reflect a more complete account of what people care about. Miles Kimball is a Professor at the University of Colorado, Boulder, and is developing the principles for a national well-being index. In this podcast, Kimball says the index would also serve to grade governments. Transcript: https://bit.ly/3lfnD8c Read the F&D article at IMF.org/fandd
Original broadcast date October 17, 2019. The original podcast post is here: https://pixelatedgeek.com/2019/10/binary-system-podcast-195-peaky-blinders-and-rifftraxs-twilight/ There is just way too much stuff to catch up with lately! And by "lately" sometimes we mean "2009." Kathryn is three episodes into Peaky Blinders so Elizabeth has to dance around spoilers since she finished the whole season last week. But that's okay, Kathryn's been telling Elizabeth to watch the RiffTrax Twilight commentary for ten years and she finally got around to it. (It was worth the wait.) After that they talk about the new hosts of Great British Bake Off ("new" meaning "two years ago"), discuss cosplay problems (Miles Kimball: yall suck) and then continue to say the same thing they always say about Carnival Row: "some of it is very pretty" and "when you can see what's going on anyway WILL SOMEONE TURN ON A DAMN LIGHT." This week's outro music is a clip from Video Game Hip Hop by TeknoAXE. https://youtu.be/tIwtxmPX8q8 The mesh we mentioned that the furries use for their fursuit eyes is buckram. http://fursuitsupplies.com/index.php?route=product/product&product_id=57 Correction: RiffTrax did indeed record commentary for ALL the Twilight movies! They're next on our list. https://www.rifftrax.com/twilight-new-moon
A Very Square Peg: The Strange and Remarkable Life the Polymath Robert Eisler
Warning: Economics. In this episode, we begin with Eisler's testimony before the skeptical Senators of the Committee on Banking and Currency in Washington, D.C. on January 20, 1934, in which he proposed that the nation adopt a dual currency system to control inflation and end the Great Depression. I (a non-economist) talk about what this means with noted economist Miles Kimball, who has recently brought renewed attention to Eisler's plan in his own work. We also learn about Eisler's theory of who actually wrote what we call the Gospel of John, talk with Steven Wasserstrom about Eisler's brief involvement with Carl Jung and the Eranos Conference, and interpret a “dream poem” that Eisler recorded at his mother's house in 1936. Guests: Guests: Miles Kimball (The University of Colorado-Boulder), Steven Wasserstrom (Reed College). Voice of Robert Eisler: Caleb Crawford Additional voices: Brian Evans Music: “Shibbolet Baseda,” recorded by Elyakum Shapirra and His Israeli Orchestra. Funding provided by the Ohio University Humanities Research Fund and the Ohio University Honors Tutorial College Internship Program. Special thanks to the Warburg Institute. Bibliography and Further Reading Buiter, Willem H. “Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate.” NBER Working Papers 12839. National Bureau of Economic Research, Inc., 2007. DOI:10.3386/w12839. Buiter, Willem H. and Panigirtzoglou, Nikolaos. “Overcoming the Zero Bound: Gesell vs. Eisler. Discussion of Mitsuhiro Fukao's “The Effects of ‘Gesell' (Currency) Taxes in Promoting Japan's Economic Recovery.” International Economics and Economic Policy 2, no. 2/3 (2005): 189-200. Eisler, Robert. The Enigma of the Fourth Gospel. London: Methuen & Co., 1938. ———. Stable Money: The Remedy for the Economic World Crisis: A Programme of Financial Reconstruction for the International Conference. London: The Search Publishing Co., Ltd., 1932. ———. This Money Maze: A Way Out of the Economic World Crisis. London: The Search Publishing Co., Ltd., 1931. ———. Das Geld: Seine geschichtliche Entstehung und gesellschaftliche Bedeutung. Munich: Diatypie, 1924. Eisler, Robert and Alec Wilson. The Money Machine: A Simple Introduction to the Eisler Plan. London: The Search Publishing Co., Ltd., 1933. Gold Reserve Act of 1934: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-Third Congress, Second Session on S. 2366: A Bill to Protect the Currency System of the United States, to Provide for the Better Use of the Monetary Gold Stock of the United States, and for Other Purposes, Revised January 19-23, 1934. Washington, D.C.: United States Government Printing Office, 1934 Hakl, Hans Thomas. Eranos: An Alternative Intellectual History of the Twentieth Century. Montreal: McGill-Queen's University Press, 2013. Keynes, John Maynard, Paul R. Krugman, and Robert Jacob Alexander Skidelsky. The General Theory of Employment, Interest, and Money. Cham, Switzerland: Palgrave Macmillan, 2018. Kimball, Miles. “Pro Gauti Eggertsson.” Confessions of a Supply Side Liberal. June 27, 2016. Last Accessed July 7, 2020. Wasserstrom, Steven M. Religion after Religion: Gershom Scholem, Mircea Eliade, and Henry Corbin at Eranos. Princeton: Princeton University Press, 1999. Follow us on Twitter: @averysquarepeg Associate Professor Brian Collins is the Drs. Ram and Sushila Gawande Chair in Indian Religion and Philosophy at Ohio University. He can be reached at collinb1@ohio.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices
Warning: Economics. In this episode, we begin with Eisler’s testimony before the skeptical Senators of the Committee on Banking and Currency in Washington, D.C. on January 20, 1934, in which he proposed that the nation adopt a dual currency system to control inflation and end the Great Depression. I (a non-economist) talk about what this means with noted economist Miles Kimball, who has recently brought renewed attention to Eisler’s plan in his own work. We also learn about Eisler’s theory of who actually wrote what we call the Gospel of John, talk with Steven Wasserstrom about Eisler’s brief involvement with Carl Jung and the Eranos Conference, and interpret a “dream poem” that Eisler recorded at his mother’s house in 1936. Guests: Guests: Miles Kimball (The University of Colorado-Boulder), Steven Wasserstrom (Reed College). Voice of Robert Eisler: Caleb Crawford Additional voices: Brian Evans Music: “Shibbolet Baseda,” recorded by Elyakum Shapirra and His Israeli Orchestra. Funding provided by the Ohio University Humanities Research Fund and the Ohio University Honors Tutorial College Internship Program. Special thanks to the Warburg Institute. Bibliography and Further Reading Buiter, Willem H. “Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate.” NBER Working Papers 12839. National Bureau of Economic Research, Inc., 2007. DOI:10.3386/w12839. Buiter, Willem H. and Panigirtzoglou, Nikolaos. “Overcoming the Zero Bound: Gesell vs. Eisler. Discussion of Mitsuhiro Fukao’s “The Effects of ‘Gesell’ (Currency) Taxes in Promoting Japan’s Economic Recovery.” International Economics and Economic Policy 2, no. 2/3 (2005): 189-200. Eisler, Robert. The Enigma of the Fourth Gospel. London: Methuen & Co., 1938. ———. Stable Money: The Remedy for the Economic World Crisis: A Programme of Financial Reconstruction for the International Conference. London: The Search Publishing Co., Ltd., 1932. ———. This Money Maze: A Way Out of the Economic World Crisis. London: The Search Publishing Co., Ltd., 1931. ———. Das Geld: Seine geschichtliche Entstehung und gesellschaftliche Bedeutung. Munich: Diatypie, 1924. Eisler, Robert and Alec Wilson. The Money Machine: A Simple Introduction to the Eisler Plan. London: The Search Publishing Co., Ltd., 1933. Gold Reserve Act of 1934: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-Third Congress, Second Session on S. 2366: A Bill to Protect the Currency System of the United States, to Provide for the Better Use of the Monetary Gold Stock of the United States, and for Other Purposes, Revised January 19-23, 1934. Washington, D.C.: United States Government Printing Office, 1934 Hakl, Hans Thomas. Eranos: An Alternative Intellectual History of the Twentieth Century. Montreal: McGill-Queen’s University Press, 2013. Keynes, John Maynard, Paul R. Krugman, and Robert Jacob Alexander Skidelsky. The General Theory of Employment, Interest, and Money. Cham, Switzerland: Palgrave Macmillan, 2018. Kimball, Miles. “Pro Gauti Eggertsson.” Confessions of a Supply Side Liberal. June 27, 2016. Last Accessed July 7, 2020. Wasserstrom, Steven M. Religion after Religion: Gershom Scholem, Mircea Eliade, and Henry Corbin at Eranos. Princeton: Princeton University Press, 1999. Follow us on Twitter: @averysquarepeg Associate Professor Brian Collins is the Drs. Ram and Sushila Gawande Chair in Indian Religion and Philosophy at Ohio University. He can be reached at collinb1@ohio.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices
Warning: Economics. In this episode, we begin with Eisler’s testimony before the skeptical Senators of the Committee on Banking and Currency in Washington, D.C. on January 20, 1934, in which he proposed that the nation adopt a dual currency system to control inflation and end the Great Depression. I (a non-economist) talk about what this means with noted economist Miles Kimball, who has recently brought renewed attention to Eisler’s plan in his own work. We also learn about Eisler’s theory of who actually wrote what we call the Gospel of John, talk with Steven Wasserstrom about Eisler’s brief involvement with Carl Jung and the Eranos Conference, and interpret a “dream poem” that Eisler recorded at his mother’s house in 1936. Guests: Guests: Miles Kimball (The University of Colorado-Boulder), Steven Wasserstrom (Reed College). Voice of Robert Eisler: Caleb Crawford Additional voices: Brian Evans Music: “Shibbolet Baseda,” recorded by Elyakum Shapirra and His Israeli Orchestra. Funding provided by the Ohio University Humanities Research Fund and the Ohio University Honors Tutorial College Internship Program. Special thanks to the Warburg Institute. Bibliography and Further Reading Buiter, Willem H. “Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate.” NBER Working Papers 12839. National Bureau of Economic Research, Inc., 2007. DOI:10.3386/w12839. Buiter, Willem H. and Panigirtzoglou, Nikolaos. “Overcoming the Zero Bound: Gesell vs. Eisler. Discussion of Mitsuhiro Fukao’s “The Effects of ‘Gesell’ (Currency) Taxes in Promoting Japan’s Economic Recovery.” International Economics and Economic Policy 2, no. 2/3 (2005): 189-200. Eisler, Robert. The Enigma of the Fourth Gospel. London: Methuen & Co., 1938. ———. Stable Money: The Remedy for the Economic World Crisis: A Programme of Financial Reconstruction for the International Conference. London: The Search Publishing Co., Ltd., 1932. ———. This Money Maze: A Way Out of the Economic World Crisis. London: The Search Publishing Co., Ltd., 1931. ———. Das Geld: Seine geschichtliche Entstehung und gesellschaftliche Bedeutung. Munich: Diatypie, 1924. Eisler, Robert and Alec Wilson. The Money Machine: A Simple Introduction to the Eisler Plan. London: The Search Publishing Co., Ltd., 1933. Gold Reserve Act of 1934: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-Third Congress, Second Session on S. 2366: A Bill to Protect the Currency System of the United States, to Provide for the Better Use of the Monetary Gold Stock of the United States, and for Other Purposes, Revised January 19-23, 1934. Washington, D.C.: United States Government Printing Office, 1934 Hakl, Hans Thomas. Eranos: An Alternative Intellectual History of the Twentieth Century. Montreal: McGill-Queen’s University Press, 2013. Keynes, John Maynard, Paul R. Krugman, and Robert Jacob Alexander Skidelsky. The General Theory of Employment, Interest, and Money. Cham, Switzerland: Palgrave Macmillan, 2018. Kimball, Miles. “Pro Gauti Eggertsson.” Confessions of a Supply Side Liberal. June 27, 2016. Last Accessed July 7, 2020. Wasserstrom, Steven M. Religion after Religion: Gershom Scholem, Mircea Eliade, and Henry Corbin at Eranos. Princeton: Princeton University Press, 1999. Follow us on Twitter: @averysquarepeg Associate Professor Brian Collins is the Drs. Ram and Sushila Gawande Chair in Indian Religion and Philosophy at Ohio University. He can be reached at collinb1@ohio.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices
Warning: Economics. In this episode, we begin with Eisler’s testimony before the skeptical Senators of the Committee on Banking and Currency in Washington, D.C. on January 20, 1934, in which he proposed that the nation adopt a dual currency system to control inflation and end the Great Depression. I (a non-economist) talk about what this means with noted economist Miles Kimball, who has recently brought renewed attention to Eisler’s plan in his own work. We also learn about Eisler’s theory of who actually wrote what we call the Gospel of John, talk with Steven Wasserstrom about Eisler’s brief involvement with Carl Jung and the Eranos Conference, and interpret a “dream poem” that Eisler recorded at his mother’s house in 1936. Guests: Guests: Miles Kimball (The University of Colorado-Boulder), Steven Wasserstrom (Reed College). Voice of Robert Eisler: Caleb Crawford Additional voices: Brian Evans Music: “Shibbolet Baseda,” recorded by Elyakum Shapirra and His Israeli Orchestra. Funding provided by the Ohio University Humanities Research Fund and the Ohio University Honors Tutorial College Internship Program. Special thanks to the Warburg Institute. Bibliography and Further Reading Buiter, Willem H. “Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate.” NBER Working Papers 12839. National Bureau of Economic Research, Inc., 2007. DOI:10.3386/w12839. Buiter, Willem H. and Panigirtzoglou, Nikolaos. “Overcoming the Zero Bound: Gesell vs. Eisler. Discussion of Mitsuhiro Fukao’s “The Effects of ‘Gesell’ (Currency) Taxes in Promoting Japan’s Economic Recovery.” International Economics and Economic Policy 2, no. 2/3 (2005): 189-200. Eisler, Robert. The Enigma of the Fourth Gospel. London: Methuen & Co., 1938. ———. Stable Money: The Remedy for the Economic World Crisis: A Programme of Financial Reconstruction for the International Conference. London: The Search Publishing Co., Ltd., 1932. ———. This Money Maze: A Way Out of the Economic World Crisis. London: The Search Publishing Co., Ltd., 1931. ———. Das Geld: Seine geschichtliche Entstehung und gesellschaftliche Bedeutung. Munich: Diatypie, 1924. Eisler, Robert and Alec Wilson. The Money Machine: A Simple Introduction to the Eisler Plan. London: The Search Publishing Co., Ltd., 1933. Gold Reserve Act of 1934: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-Third Congress, Second Session on S. 2366: A Bill to Protect the Currency System of the United States, to Provide for the Better Use of the Monetary Gold Stock of the United States, and for Other Purposes, Revised January 19-23, 1934. Washington, D.C.: United States Government Printing Office, 1934 Hakl, Hans Thomas. Eranos: An Alternative Intellectual History of the Twentieth Century. Montreal: McGill-Queen’s University Press, 2013. Keynes, John Maynard, Paul R. Krugman, and Robert Jacob Alexander Skidelsky. The General Theory of Employment, Interest, and Money. Cham, Switzerland: Palgrave Macmillan, 2018. Kimball, Miles. “Pro Gauti Eggertsson.” Confessions of a Supply Side Liberal. June 27, 2016. Last Accessed July 7, 2020. Wasserstrom, Steven M. Religion after Religion: Gershom Scholem, Mircea Eliade, and Henry Corbin at Eranos. Princeton: Princeton University Press, 1999. Follow us on Twitter: @averysquarepeg Associate Professor Brian Collins is the Drs. Ram and Sushila Gawande Chair in Indian Religion and Philosophy at Ohio University. He can be reached at collinb1@ohio.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices
Warning: Economics. In this episode, we begin with Eisler’s testimony before the skeptical Senators of the Committee on Banking and Currency in Washington, D.C. on January 20, 1934, in which he proposed that the nation adopt a dual currency system to control inflation and end the Great Depression. I (a non-economist) talk about what this means with noted economist Miles Kimball, who has recently brought renewed attention to Eisler’s plan in his own work. We also learn about Eisler’s theory of who actually wrote what we call the Gospel of John, talk with Steven Wasserstrom about Eisler’s brief involvement with Carl Jung and the Eranos Conference, and interpret a “dream poem” that Eisler recorded at his mother’s house in 1936. Guests: Guests: Miles Kimball (The University of Colorado-Boulder), Steven Wasserstrom (Reed College). Voice of Robert Eisler: Caleb Crawford Additional voices: Brian Evans Music: “Shibbolet Baseda,” recorded by Elyakum Shapirra and His Israeli Orchestra. Funding provided by the Ohio University Humanities Research Fund and the Ohio University Honors Tutorial College Internship Program. Special thanks to the Warburg Institute. Bibliography and Further Reading Buiter, Willem H. “Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate.” NBER Working Papers 12839. National Bureau of Economic Research, Inc., 2007. DOI:10.3386/w12839. Buiter, Willem H. and Panigirtzoglou, Nikolaos. “Overcoming the Zero Bound: Gesell vs. Eisler. Discussion of Mitsuhiro Fukao’s “The Effects of ‘Gesell’ (Currency) Taxes in Promoting Japan’s Economic Recovery.” International Economics and Economic Policy 2, no. 2/3 (2005): 189-200. Eisler, Robert. The Enigma of the Fourth Gospel. London: Methuen & Co., 1938. ———. Stable Money: The Remedy for the Economic World Crisis: A Programme of Financial Reconstruction for the International Conference. London: The Search Publishing Co., Ltd., 1932. ———. This Money Maze: A Way Out of the Economic World Crisis. London: The Search Publishing Co., Ltd., 1931. ———. Das Geld: Seine geschichtliche Entstehung und gesellschaftliche Bedeutung. Munich: Diatypie, 1924. Eisler, Robert and Alec Wilson. The Money Machine: A Simple Introduction to the Eisler Plan. London: The Search Publishing Co., Ltd., 1933. Gold Reserve Act of 1934: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-Third Congress, Second Session on S. 2366: A Bill to Protect the Currency System of the United States, to Provide for the Better Use of the Monetary Gold Stock of the United States, and for Other Purposes, Revised January 19-23, 1934. Washington, D.C.: United States Government Printing Office, 1934 Hakl, Hans Thomas. Eranos: An Alternative Intellectual History of the Twentieth Century. Montreal: McGill-Queen’s University Press, 2013. Keynes, John Maynard, Paul R. Krugman, and Robert Jacob Alexander Skidelsky. The General Theory of Employment, Interest, and Money. Cham, Switzerland: Palgrave Macmillan, 2018. Kimball, Miles. “Pro Gauti Eggertsson.” Confessions of a Supply Side Liberal. June 27, 2016. Last Accessed July 7, 2020. Wasserstrom, Steven M. Religion after Religion: Gershom Scholem, Mircea Eliade, and Henry Corbin at Eranos. Princeton: Princeton University Press, 1999. Follow us on Twitter: @averysquarepeg Associate Professor Brian Collins is the Drs. Ram and Sushila Gawande Chair in Indian Religion and Philosophy at Ohio University. He can be reached at collinb1@ohio.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices
Warning: Economics. In this episode, we begin with Eisler’s testimony before the skeptical Senators of the Committee on Banking and Currency in Washington, D.C. on January 20, 1934, in which he proposed that the nation adopt a dual currency system to control inflation and end the Great Depression. I (a non-economist) talk about what this means with noted economist Miles Kimball, who has recently brought renewed attention to Eisler’s plan in his own work. We also learn about Eisler’s theory of who actually wrote what we call the Gospel of John, talk with Steven Wasserstrom about Eisler’s brief involvement with Carl Jung and the Eranos Conference, and interpret a “dream poem” that Eisler recorded at his mother’s house in 1936. Guests: Guests: Miles Kimball (The University of Colorado-Boulder), Steven Wasserstrom (Reed College). Voice of Robert Eisler: Caleb Crawford Additional voices: Brian Evans Music: “Shibbolet Baseda,” recorded by Elyakum Shapirra and His Israeli Orchestra. Funding provided by the Ohio University Humanities Research Fund and the Ohio University Honors Tutorial College Internship Program. Special thanks to the Warburg Institute. Bibliography and Further Reading Buiter, Willem H. “Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate.” NBER Working Papers 12839. National Bureau of Economic Research, Inc., 2007. DOI:10.3386/w12839. Buiter, Willem H. and Panigirtzoglou, Nikolaos. “Overcoming the Zero Bound: Gesell vs. Eisler. Discussion of Mitsuhiro Fukao’s “The Effects of ‘Gesell’ (Currency) Taxes in Promoting Japan’s Economic Recovery.” International Economics and Economic Policy 2, no. 2/3 (2005): 189-200. Eisler, Robert. The Enigma of the Fourth Gospel. London: Methuen & Co., 1938. ———. Stable Money: The Remedy for the Economic World Crisis: A Programme of Financial Reconstruction for the International Conference. London: The Search Publishing Co., Ltd., 1932. ———. This Money Maze: A Way Out of the Economic World Crisis. London: The Search Publishing Co., Ltd., 1931. ———. Das Geld: Seine geschichtliche Entstehung und gesellschaftliche Bedeutung. Munich: Diatypie, 1924. Eisler, Robert and Alec Wilson. The Money Machine: A Simple Introduction to the Eisler Plan. London: The Search Publishing Co., Ltd., 1933. Gold Reserve Act of 1934: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-Third Congress, Second Session on S. 2366: A Bill to Protect the Currency System of the United States, to Provide for the Better Use of the Monetary Gold Stock of the United States, and for Other Purposes, Revised January 19-23, 1934. Washington, D.C.: United States Government Printing Office, 1934 Hakl, Hans Thomas. Eranos: An Alternative Intellectual History of the Twentieth Century. Montreal: McGill-Queen’s University Press, 2013. Keynes, John Maynard, Paul R. Krugman, and Robert Jacob Alexander Skidelsky. The General Theory of Employment, Interest, and Money. Cham, Switzerland: Palgrave Macmillan, 2018. Kimball, Miles. “Pro Gauti Eggertsson.” Confessions of a Supply Side Liberal. June 27, 2016. Last Accessed July 7, 2020. Wasserstrom, Steven M. Religion after Religion: Gershom Scholem, Mircea Eliade, and Henry Corbin at Eranos. Princeton: Princeton University Press, 1999. Follow us on Twitter: @averysquarepeg Associate Professor Brian Collins is the Drs. Ram and Sushila Gawande Chair in Indian Religion and Philosophy at Ohio University. He can be reached at collinb1@ohio.edu. Learn more about your ad choices. Visit megaphone.fm/adchoices
Warning: Economics. In this episode, we begin with Eisler’s testimony before the skeptical Senators of the Committee on Banking and Currency in Washington, D.C. on January 20, 1934, in which he proposed that the nation adopt a dual currency system to control inflation and end the Great Depression. I (a non-economist) talk about what this means with noted economist Miles Kimball, who has recently brought renewed attention to Eisler’s plan in his own work. We also learn about Eisler’s theory of who actually wrote what we call the Gospel of John, talk with Steven Wasserstrom about Eisler’s brief involvement with Carl Jung and the Eranos Conference, and interpret a “dream poem” that Eisler recorded at his mother’s house in 1936. Guests: Guests: Miles Kimball (The University of Colorado-Boulder), Steven Wasserstrom (Reed College). Voice of Robert Eisler: Caleb Crawford Additional voices: Brian Evans Music: “Shibbolet Baseda,” recorded by Elyakum Shapirra and His Israeli Orchestra. Funding provided by the Ohio University Humanities Research Fund and the Ohio University Honors Tutorial College Internship Program. Special thanks to the Warburg Institute. Bibliography and Further Reading Buiter, Willem H. “Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and a Shadow Exchange Rate.” NBER Working Papers 12839. National Bureau of Economic Research, Inc., 2007. DOI:10.3386/w12839. Buiter, Willem H. and Panigirtzoglou, Nikolaos. “Overcoming the Zero Bound: Gesell vs. Eisler. Discussion of Mitsuhiro Fukao’s “The Effects of ‘Gesell’ (Currency) Taxes in Promoting Japan’s Economic Recovery.” International Economics and Economic Policy 2, no. 2/3 (2005): 189-200. Eisler, Robert. The Enigma of the Fourth Gospel. London: Methuen & Co., 1938. ———. Stable Money: The Remedy for the Economic World Crisis: A Programme of Financial Reconstruction for the International Conference. London: The Search Publishing Co., Ltd., 1932. ———. This Money Maze: A Way Out of the Economic World Crisis. London: The Search Publishing Co., Ltd., 1931. ———. Das Geld: Seine geschichtliche Entstehung und gesellschaftliche Bedeutung. Munich: Diatypie, 1924. Eisler, Robert and Alec Wilson. The Money Machine: A Simple Introduction to the Eisler Plan. London: The Search Publishing Co., Ltd., 1933. Gold Reserve Act of 1934: Hearings Before the Committee on Banking and Currency, United States Senate, Seventy-Third Congress, Second Session on S. 2366: A Bill to Protect the Currency System of the United States, to Provide for the Better Use of the Monetary Gold Stock of the United States, and for Other Purposes, Revised January 19-23, 1934. Washington, D.C.: United States Government Printing Office, 1934 Hakl, Hans Thomas. Eranos: An Alternative Intellectual History of the Twentieth Century. Montreal: McGill-Queen’s University Press, 2013. Keynes, John Maynard, Paul R. Krugman, and Robert Jacob Alexander Skidelsky. The General Theory of Employment, Interest, and Money. Cham, Switzerland: Palgrave Macmillan, 2018. Kimball, Miles. “Pro Gauti Eggertsson.” Confessions of a Supply Side Liberal. June 27, 2016. Last Accessed July 7, 2020. Wasserstrom, Steven M. Religion after Religion: Gershom Scholem, Mircea Eliade, and Henry Corbin at Eranos. Princeton: Princeton University Press, 1999. Follow us on Twitter: @averysquarepeg Associate Professor Brian Collins is the Drs. Ram and Sushila Gawande Chair in Indian Religion and Philosophy at Ohio University. He can be reached at collinb1@ohio.edu.
The Jelly Donut Podcast #5 with Miles Kimball was recorded on October 17, 2019. Miles Kimball holds the Eaton Chair in Economics at the University of Colorado Boulder and is Emeritus Professor of Economics and Survey Research of the University of Michigan. He is a pioneer in monetary policy is an advocate for deep negative interest rates to successfully fight economic crises. You can find his ideas on his blog, "Confessions of a Supply-Side Liberal.” He holds a BA in Economics from Harvard, Master's in linguistics from BYU, and a also doctorate in economics from Harvard. https://blog.supplysideliberal.com/emoney https://blog.supplysideliberal.com/ https://www.colorado.edu/economics/people/faculty/miles-spencer-kimball https://twitter.com/mileskimball --- Support this podcast: https://anchor.fm/jellydonutpodcast/support
A lot of people would probably agree that there's something wrong with much of the traditional advice in how to lose weight -- or at least how it's implemented. The economist Miles Kimball has lost weight using a different approach. He's increased his fat intake and gone for long stretches of time without eating anything at all. On this week's Odd Lots podcast, Kimball, a prolific blogger and professor at the University of Colorado Boulder, explains what got him interested in fasting, obesity research, and the similarities between weight loss and fighting inflation.
Is this a fork in the Fed’s road? President Trump has nominated Jerome Powell to be the next chair of the Federal Reserve. Whether Powell will continue down the same path of Janet Yellen, and Ben Bernanke before her, remains an open question. Danielle DiMartino Booth, a former advisor to Dallas Fed President Richard Fisher and author of Fed Up, says that Powell, in combination with other new faces at the central bank, could be poised to effect some serious change. Miles Kimball, professor of economics at the University of Colorado Boulder, isn’t so sure. The real debate, however, is how Fed ought to operate, particularly once the next crisis crops its head. Booth and Kimball emerge as polar opposites here, with Booth advising a retreat from unconventional policies designed to stimulate the economy, and Kimball recommending that the Fed take interest rates sharply negative in the next downturn. More broadly, Kimball is a fan of rigorous action from the Fed, while Booth would like to see more humility in the Eccles Building. Once the sides have been staked in the Fed debate, Booth takes her leave of this planet, and tells us what she would bring on a trip to Mars. And speaking of humility, Kimball closes out the episode by offering up something he got wrong. Interestingly, it concerns not finance, but fat. Learn more about your ad choices. Visit megaphone.fm/adchoices
Miles Kimball hops on this edition of the Benzinga Podcast to talk about how he became a university professor and what negative interest rates have to offer.
Miles Kimball, professor of economics at the University of Michigan and blogger at “Confessions of a Supply-Side Liberal,” joins the show to discuss negative interest rates. Kimball explains how the natural rate of interest can go below zero and why central banks should act accordingly. He also makes the case for higher equity requirements for financial institutions. David's blog: macromarketmusings.blogspot.com Miles Kimball’s blog: http://blog.supplysideliberal.com/ David’s Twitter: https://twitter.com/DavidBeckworth Miles Kimball's Twitter: https://twitter.com/mileskimball Links from today’s show: http://blog.supplysideliberal.com/post/56311827170/the-medium-run-natural-interest-rate-and-the https://www.imf.org/external/pubs/ft/wp/2015/wp15224.pdf https://dl.dropboxusercontent.com/u/19721014/National%20Institute%20Economic%20Review-2015-Kimball-R5-R14.pdf http://bankersnewclothes.com/
University of Michigans' Miles Kimball discusses negative interest rates and how it's just an extension of positive interest rates as well as real GDP versus GDP plus inflation. He speaks with Tom Keene and Francine Lacqua on Bloomberg Surveillance. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com