Podcasts about Monetary policy

With massive U.S. debt and deficits, inflation at a 40‐​year high, and popular/​political pressure for expanding the Fed's mandate, it's time to assess the Fed's performance and future. Please join leading scholars and policymakers to discuss “The State of Monetary Policy after 40 Years.” Hosted on Acast. See acast.com/privacy for more information.

More than 90 Central Banks have now lifted rates, more than half by at least 75 basis points in one go this year. Last night the UK lifted by 0.5% and we look at their outlook, as more channel Paul Volcker who is widely acknowledged as the premier inflation fighter in Federal Reserve history. When … Continue reading "Rate Hikes To Infinity And Beyond… [Podcast]"

U.S. stocks ended the day lower in a choppy trading session following yesterday's third-straight 75-basis point rate hike from the Federal Reserve. 

Dollar/Yen is now trading in a narrow range below 145 ahead of the FOMC and BoJ September meetings. Yen rate and basis have paused after rising and widening, but we expect volatility to pick up once the BoJ meeting is over. In today's episode, MUFG Chief Japan Strategist Takahiro Sekido dissects the impact of Yen money supply/demand as well as inflationary pressures ahead of the BoJ's meeting. He also shares his views on spot Dollar/Yen, Yen rate, and Yen basis. Disclaimer: www.mufgresearch.com (PDF)

Over the past few years, we've seen enormous shifts in the ideological and intellectual foundations of government policy. Trillions of dollars have been allocated through programs including the Infrastructure Bill, the CHIPS Act, and the American Rescue Plan. At the same time, we're seeing inflation at levels unseen since the late 70s. Have we arrived in a new economic era? For over three decades, the Roosevelt Institute has fought to “develop progressive ideas and bold leadership in the service of restoring America's promise of opportunity for all.” The president and CEO of the think tank, Felicia Wong, joins WITHpod to discuss how we got to this moment, the importance of economic freedom, the need to rethink public investment and more.

The logic I hear all the time is the RBA won't let home prices fall too far because of the financial stability risk consequences. But that view might be plain wrong. First the RBA has lifted rates by 2.25 percentage points since May, and markets expect the cash rate to reach 3.3 per cent by … Continue reading "Has The RBA Greenlit Home Price Falls?"

Steven Kelly is a senior research associate at the Yale Program on Financial Stability. Steven joins David on Macro Musings to discuss his work on financial stability and the role the Federal Reserve plays in it. Specifically, David and Steven discuss the Fed's evolving role in niche financial markets such as commodities and derivatives markets, what Section 13.3 of the Federal Reserve Act says about the Fed's basis to engage in financial markets, proposals to improve the Fed's Standing Repo Facility (SRF), the future of stablecoins and central bank digital currencies (CBDCs) in financial markets, and much more. Transcript for the episode can be found here.   Steven's Twitter: @StevenKelly49 Steven's Substack: Without Warning   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   The Reserve (podcast) hosted by Kaleb Nygaard   New Bagehot Project, Yale Program on Financial Stability (YPFS)   “The Fed As Derivatives Dealer of Last Resort?” by Steven Kelly   “Could the Fed Rescue Commodities Markets?” by Steven Kelly   “Improving the Standing Repo Facility” by Steven Kelly   “Unappropriated Dollars: The Fed's Ad Hoc Lending Facilities and the Rules that Govern Them” by Lev Menand   The Fed Unbound: Central Banking in a Time of Crisis by Lev Menand   “Larry Ball on the Lehman Brothers Collapse and Its Role in the Great Recession”, Macro Musings podcast episode (2018)

US equity markets logged modest gains ahead of the Federal Reserve kicking off their latest two day monetary policy meeting tonight AEST - Dow up +197-points or +0.64%, recovering from an earlier session decline of as much as -263-points. The broader S&P500 added +0.69%, with Materials (up +1.63%), Consumer Discretionary (+1.34%), Industrials (+1.33%), Utilities (+1.32%) and Financials (+1.12%) all rebounded over >1% to lead nine of the eleven primary sectors higher. Healthcare (down -0.54%) and Real Estate (-0.21%) were the only primary sectors to close in the red. Vaccine manufacturers Pfizer Inc (-1.28%), Moderna Inc (down -7.14%), BioNTech SE (-8.60%) and Novavax Inc (-6.51%) all declined a day after President Joe Biden said in a CBS interview that "the pandemic is over". Ford Motor Co fell over >4% in extended trading after the automaker told investors it saw a +US$1B increase in supply chain costs during the third quarter. Ford reiterated its full-year guidance for adjusted earnings before interest and taxes (EBIT) of between US$11.5B and US$12.5B. The company is slated to release its third quarter result on 26 October. The Nasdaq rose +0.76%. Chipmaker Nvidia Corp (up +1.39%) hosts a GTC Financial Analyst Q&A tonight AEST. The small capitalisation Russell 2000 gained +0.81%.

Jason Hartman welcomes back Harry Dent, New York Times Bestselling author, financial writer and one of the most outspoken financial editors in America, to discuss his new book ZERO HOUR and hear his thoughts on the stock market, crypto, demographics and the current economic climate. We have the most perverted economy in history with money being injected into the financial markets creating a bubble in stocks and financial assets which favors the rich and leaves ordinary people behind and exacerbates income inequality. Are we at the peak of this artificial stock bubble? Harry Dent answers this and much more and goes into detail about why we NEED recessions! Key Takeaways: 0:00 Welcome Harry Dent, bestselling author and financial writer 2:11 Most perverted economy in history 3:54 Is the artificial stock bubble peaking? 5:13 Greatest debt bubble in history 7:51 Imminent stock market crash 10:22 Harry's take on cryptocurrencies 13:18 Generational demographics and government policies 18:39 Why we need recessions 21:33 When is the next crash? 22:05 Once in a lifetime peak of a major stock market bubble 24:18 S&P 500 about to fall apart 27:25 Is gold a safe haven? What about bonds? Real estate? 27:57 Peter Schiff and deflation 33:59 $540 trillion in financial assets globally 37:47 The Cantillon Effect - the rich are getting richer 39:04 Most critical time in your lifetime for financial markets 40:30 Learn more at HarryDent.com 41:32 Real estate bubble?   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

As foreshadowed, we are now seeing the sharp reversal in asset prices, which were driven through the roof due to ultra-low interest rates, central bank quantitative easing, and government support through COVID plus huge debt growth. Of course, the recent gains were largely spurious, and a correction was always going to come – hopefully some … Continue reading "Here Comes The Wealth Destruction… [Podcast]"

My latest Friday afternoon chat with Journalist Tarric Brooker. We look at the latest data and discuss the implications. His charts are at: https://avidcom.substack.com/p/charts-that-matter-16th-september Go to the Walk The World Universe at https://walktheworld.com.au/

The RBA was interrogated by Parliament today regarding its monetary policy stance and interest rates. But it was all a bit pointless as really the Federal Reserve sets interest rates in the US, but effectively also for the entire world, given the fact that the US dollar behaves as the reserve currency. Persistently high inflation … Continue reading "The Monetary Arms Race Is Here!"

In the latest episode of the Weekly Watch, Brian Daingerfield and Kevin Cummins discuss our views on the trajectory for inflation, the impact on monetary policy, and looming recession risks.Remember to hit ‘subscribe' so you can watch our latest episodes as soon as they're available – and hit the ‘like' button so it's easier for others to find.NB: This was recorded on 15 September 2022. For any terms used please refer to this glossary:  https://www.natwest.com/corporates/insights/markets/glossary.htmlPlease view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html.

In 1944, 44 nations came together to create a set of economic reforms designed to promote economic stability and a lasting peace. Almost 80 years later, this order has given way to a runaway financial sector that has destabilized the world economy with repeated financial crises and asset bubbles, and increasing hazards created by climate change.  In this episode, Kevin Gallagher of Boston University's Global Development Policy Center and Richard Kozul-Wright of the United Nations Conference on Trade and Development discuss their new book, The Case for a New Bretton Woods, which lays the groundwork for moving the global economy away from ever-increasing levels of financialization and instability to one that promotes global prosperity and a stable climate. You can find their book here: https://www.wiley.com/en-us/The+Case+for+a+New+Bretton+Woods-p-9781509546541 You can find additional commentary on this episode and other issues of the day by signing up for YDHTY's email newsletter here: www.ydhty.com/news

Jason Hartman interviews Jeff Snider, Chief Investment Strategist and Head of Global Research at Alhambra Investment Partners. Consumer prices and asset markets have created the illusion of a red hot economy, but according to Jeff, the bond market has been telling us what's been wrong since 2008. Jeff shares with us some incredible data that shakes up traditional thinking and gives us his insights on the Federal Reserve, interest rate hikes, monetary policy and money printing and the correlation between the yield curve and treasury markets. Jeff also gives an in depth explanation of the hidden monetary system running the world. Even though most people have probably never heard the term Eurodollar, it has undertaken the functions of the global reserve currency and it did so a very long time ago as an ​​offshore currency market. The Eurodollar was developed on its own without government or individual private effort outside of every country's regulatory regime. Key Takeaways: 0:45 Welcome Jeff Snider, ​​head of Global Research for Alhambra Investments 1:28 What is the Eurodollar? 4:02 Reserve currency system 7:01 Significance of the Eurodollar 9:10 Influence of the Eurodollar on interest rates 10:08 The Treasury market actually sets most credit rates around the world 11:45 High rates and tightening - Alan Greenspan 13:45 Seeing what the Treasury yields are reflecting to understand what will happen next 16:09 Yield curve inversion 17:33 Alan Greenspan and “irrational exuberance” 20:45 You can't keep track of money, so why bother trying? 21:40 Jeff Snider's outlook on inflation 24:18 Milton Friedman's interest rate fallacy 26:55 The Fed vs the Eurodollar system 28:39 Jerome Powell and the Fed interest rate hikes 31:27 Is consumer price inflation transitory? 32:29 What's to come in this massively overheated real estate market? 34:26 The flattening of the yield curve says the Treasury market is resisting higher rates 36:18 Consumer prices and asset markets have created this illusion of a red hot economy 37:55 Today's real estate market 39:48 The Gig Economy 41:52 Overreaction recession in 2020 did a lot of long term economic harm 44:52 Find Jeff Snider's research on his blog at Alhambrapartners.com and check out his Eurodollar University Podcast   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

In this episode of Moody's Talks – Emerging Markets Decoded, Madhavi Bokil of the Credit Strategy and Research team joins host Shirin Mohammadi to discuss the latest update to Moody's global macroeconomic outlook, with a focus on G20 emerging markets. Plus, Kathrin Muehlbronner and Gabriel Torres of the Sovereign team do a deep dive into Turkiye and Argentina – two of the largest emerging markets facing extraordinarily high levels of inflation. Related content on Moodys.com (some content only available to registered users or subscribers): Global growth slackens as tighter financial conditions permeate the economyFAQ on external position, and economic and fiscal outlookUnorthodox monetary policy fuels high inflation in Argentina and Turkiye, but key differences remain

A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months. This is the last inflation report before the Fed's policy meeting next week. Investors had hoped the Fed would have some reason to … Continue reading "On A Recession Doorstep… [Podcast]"

The United States hasn't seen inflation like current levels since the late 1970s. The pandemic prompted unusually high levels of fiscal stimulus, including the rollout of relief through programs like the American Rescue Plan, which some have blamed for inflation. But our guest this week shares that increased economic relief isn't really the biggest contributing factor leading to inflation. Author Matthew Klein points out that supply chain disruptions created by the COVID crisis, along with the war in Ukraine, actually explain the majority of the changes we're experiencing. Klein has reported for numerous outlets including Bloomberg, the Financial Times and Barron's. He joins WITHpod to provide a gut check on the economy and to discuss why he believes the Fed has raised interest rates, the role that supply and demand plays in global financial systems, the impact of monetary policy changes on economic recovery efforts and more.

Dollar/Yen has found solid footing above 140, and Yen rate and basis, as well as the Nikkei Average have leveled off. All eyes remain on the Fed and the U.S. Treasury market for direction on Japanese financial markets.  In today's episode, MUFG Chief Japan Strategist Takahiro Sekido shares his take on recent cross border investment data and the implications of recent changes to BoJ current deposit accounts, and also discusses developments in the Tokyo repo market during July and August. He also shares his views on Dollar/Yen, Yen rate, and Yen basis. Disclaimer: www.mufgresearch.com (PDF)

Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center. Scott joins David on Macro Musings to look back on his contributions to monetary policy research with the Mercatus Center and elsewhere, as well as discuss his upcoming book, Alternative Approaches to Monetary Policy. In particular, Scott and David discuss how the Fed's monetary policy mistakes in 2008 impacted the direction of Scott's research, the theory and prospects for a nominal GDP futures contract, the future of monetary policy in the Eurozone and whether the ECB has gotten more hawkish, how changing macroeconomic conditions across history help explain the changing popularity of particular policy models, and much more.   Transcript for the episode can be found here.   Scott's Twitter: @ScottSumnerTMI Scott's blog Scott's Mercatus profile   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   “Nominal GDP futures targeting” by Scott Sumner   “A Market-Driven Nominal GDP Targeting Regime” by Scott Sumner   “Using Futures Instrument Prices To Target Nominal Income” by Scott Sumner   “The Impact of Futures Price Targeting on the Precision and Credibility of Monetary Policy” by Scott Sumner

Michael Zuber of One Rental At A Time interviews Jason about the Federal Reserve, its chairmen, past and present and offers a few predictions on how the Fed will be dealing with inflation and interest rates. Michael also asks Jason to comment on 3 potential things that could happen in our economy, given the "plandemic" and its consequences. Key Takeaways: 1:49 Jerome Powell may be turning into Paul Volcker and the ramifications on the market 4:15 An economic malaise, taking away the punch bowl and reloading the metaphoric gun 5:55 Redeeming the "transitory" legacy of a non-automaton 6:53 The "Fed Put", saber-rattling and deciphering Greenspan 8:57 Ben Bernanke and the taming of inflation, mortgage rates versus house price, Hartman Comparison Index 12:01 Back pedaling, supply shortages and allocating human resources 14:02 Closing thoughts, Misery Index, Philipps Curve   Tweetables: "The price of money is of major significance" - Jason Hartman   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

In this week's market review we explore the fragile upswing in the second half of the week, which can best be understood as a positioning by speculators, betting on a falling market, typically seen as part of a bear market rally sequence, then anything substantive. I believe the markets are still not fully factoring the … Continue reading "Speculators Let Rip As Central Banks Talk Up Higher Rates… [Podcast]"

Photo: No known restrictions on publication. @Batchelorshow #MrMarket:  Equities and monetary policy at Election time: is this 1982?  Jim McTague, former Washington Editor Barron's. https://www.bloomberg.com/news/articles/2022-09-09/amazon-sellers-see-scary-holiday-season-as-consumers-pull-back?srnd=premium&sref=5g4GmFHo

The U.S. Federal Reserve's role has evolved over the past several decades — and not in a good way, says author Lev Menand. A law professor and former economist at the Federal Reserve Bank of New York, Menand argues here — and in his new book, The Fed unbound: Central banking in a time of crisis — that the Fed's expanded responsibility of backstopping shadow banks and other speculative players during economic downturns serves mainly to enable more (and more severe) financial crises. Related resources: Guide to recessions  For industry-leading insights, support tools and more, subscribe to Capital Ideas at getcapitalideas.com. The Capital Ideas website is not intended for use outside the U.S. In Canada visit capitalgroup.com/ca for Capital Group insights.

We had a series of important events this week which really underscored for me some of the central questions about inflation, inflation targeting and Central Bank policy. So today I want to explore this in more detail, as the ECB lifted rates by 75 basis points and the Dow closed higher on Thursday after struggling … Continue reading "Here Comes Higher Rates, But… [Podcast]"

Today our Governing Council decided on monetary policy, determining what's needed to achieve stable prices in the euro area. Listen to President Christine Lagarde present today's decisions. The statement also covers: - how the economy is performing - how we expect prices to develop - the risks to the economic outlook - the dynamics behind financial and monetary conditions Published and recorded during our press conference on 8 September 2022. Additional material: Our monetary policy statement at a glance, 8 September 2022 https://www.ecb.europa.eu/press/pressconf/visual-mps/2022/html/mopo_statement_explained_september.en.html Christine Lagarde, Luis de Guindos: Monetary policy statement (with Q&A), 8 September 2022 https://www.ecb.europa.eu/press/pressconf/2022/html/ecb.is220908~cd8363c58e.en.html Monetary policy decisions, 8 September 2022 https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.mp220908~c1b6839378.en.html Combined monetary policy decisions and statement, 8 September 2022 https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds220908~1d17d49d04.en.pdf Macroeconomic projections, 8 September 2022 https://www.ecb.europa.eu/pub/projections/html/ecb.projections202209_ecbstaff~3eafaaee1a.en.html European Central Bank https://www.ecb.europa.eu/home/html/index.en.html You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast

Commodity money isn't a government creation, as so many believe. It has a definite praxeological foundation. Original Article: "The Praxeological Origins of the Price System" This Audio Mises Wire is generously sponsored by Christopher Condon.

Commodity money isn't a government creation, as so many believe. It has a definite praxeological foundation. Original Article: "The Praxeological Origins of the Price System" This Audio Mises Wire is generously sponsored by Christopher Condon.

What do Cryptocurrency and the 90's have in common? Easily exploitable bugs and also Paris Hilton, apparently.We cover the state of regulation and cybersecurity within the blockchain and cryptocurrency space - covering environmental, democratization, and equity concerns, as well as user vs. system security, code audits and minimum standards. Corinna Fehst (MPP'18 and crypto strategy expert) makes a surprise guest appearance. Bethan talks about whether you should post your laptop screen on BeReal [spoiler alert, please don't]. Show Notes:Corinna Fehst: https://www.belfercenter.org/person/corinna-fehstSecurity:Scams:Reports show scammers cashing in on crypto craze | Federal Trade CommissionEmbattled crypto lender Celsius is a 'fraud' and 'Ponzi scheme,' lawsuit allegesExploiting vulnerabilities in smart contracts/wallets/code:Nomad crypto bridge loses $200 million in ‘chaotic' hack - The VergeSolana Wallet Hack: Here's What We Know So Far - DecryptNumber of Blockchain Hacks on the RiseMoney laundering / enabler of illegal activity:U.S. seizes $2.3 mln in bitcoin paid to Colonial Pipeline hackers | ReutersFBI Seizes $500,000 Ransomware Payments and Crypto from North Korean HackersDeFi Is the Wild West of Banking and Investing. Here's What Crypto Investors Should KnowCrypto Crime Trends for 2022: Illicit Transaction Activity Reaches All-Time High in Value, All-Time Low in Share of All Cryptocurrency Activity - ChainalysisMid-year Crypto Crime Update: Illicit Activity Falls With Rest of Market, With Some Notable Exceptions - Chainalysishttps://www.cnbc.com/2022/05/18/china-is-second-biggest-bitcoin-mining-hub-as-miners-go-underground.html

I caught up with Steve from Canstar to discuss the fallout from the RBA rate rises. Steve Mickenbecker is in Canstar's Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, … Continue reading "After The RBA Deluge: What Next? With Steve Mickenbecker [Podcast]"

Susan M. Collins talks about taking over as president and CEO of the Federal Reserve Bank of Boston during a busy time for the Bank and an important and challenging time for the Federal Reserve.

Hanno Lustig is a professor of finance at Stanford University and a senior fellow at the Stanford Institute for Economic Policy Research. Hanno is also a former guest on Macro Musings and rejoins the podcast to talk about fiscal dominance, global inflation, interest rates, wealth and equality, and Eurozone challenges. David and Hanno also discuss how to reconcile Treasury yield movements with impending fiscal dominance, why we're seeing a long-term decline in real interest rates, the early trends in post-pandemic inflation, and more.   Transcript for the episode can be found here.   Hanno's Twitter: @HannoLustig Hanno's Stanford profile   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   *What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn't Bark* by Hanno Lustig, Zhengyang Jiang, Stijn Van Nieuwerburgh, and Mindy Xiaolan   *US Government Debt Valuation Puzzle* by Hanno Lustig, Zhengyang Jiang, Stijn Van Nieuwerburgh, and Mindy Xiaolan   *Monetary Science, Fiscal Alchemy* by Eric Leeper

This past week has seen a significant shift in market sentiment, driven off the back of hawkish tones from Jackson Hole, as Central Bankers underscored that squashing inflation was their main task, whatever the cost. Markets had been betting on a Fed Pivot soon (recalling the last cycle where markets had their way and the … Continue reading "Bye-Bye Pivot: Market Update 3rd September 2022 [Podcast]"

Our latest Friday afternoon chat, picking over the latest charts, which are telling a confusing story, as Central Banks continue to hike into a head wind. How will this play out? You can get Tarric’s charts here: https://avidcom.substack.com/p/charts-that-matter-2nd-september and follow him on Twitter @Avidcommentator Go to the Walk The World Universe at https://walktheworld.com.au/

If you've followed this podcast for a while, you'll know that I'm something of an economics nerd, and occasionally I indulge this passion by choosing guests who can offer insight into our past, present, and future through a financial lens. I was particularly excited to speak with journalist and author Christopher Leonard because he speaks to issues that have been troubling me for some time about the “easy money” policies of the Federal Reserve over the past decade or so. Since the Financial Crisis of 2008, we've gotten accustomed to hearing about low or even zero interest rates, “quantitative easing,” and other monetary policies designed to jump-start the economy. Which sounds like a good thing, right? Well, maybe. Or maybe not. I started questioning these policies when I was living in Northern California and watching the tech bubble form as hundreds of billions of dollars of venture capital flowed though that economic ecosystem. I watched the housing market go crazy, first in the Bay Area and the across the nation, and the extraordinary run of the stock market reshaping the contours of our economy. And I asked myself repeatedly, is this really a good thing? Of course, anyone who owns assets likes to see them go up in value. But is the economy as a whole served when the Fed pursues policies that significantly distort the functioning of markets? My guest on this episode, Christopher Leonard, suggests that the cost of these policies may be much greater than we realize. His recent book, Lords of Easy Money: How the Federal Reserve Broke the American Economy takes readers inside one of our country's most unique institutions, and argues that the Fed is responsible for accelerating income inequality and setting us up for the problems we're facing today, with inflation on the rise. Even if you're not an economics nerd like me, I hope you'll find this episode to be a highly lucid analysis of issues that affect all of us, whether we realize it or not.

David is joined this week by Stephen Miran, lead portfolio manager of Amberwave Partners and a recent Treasury Department economist in the Trump administration. Together, the two wrestle through questions of monetary-policy efficacy, the right criteria for governmental “support” to an economy, and the future of global macro in an era where leveraged beta (i.e. “the easy money”) is harder to come by. It is a discussion that covers a lot of ground and will leave you wanting more.

For all of the talk about "our democracy," there is a better way to protect the lives and property of people than just electing politicians. It is called sound money. Original Article: "Sound Money Can Prevent What Representative Democracy Does Not" This Audio Mises Wire is generously sponsored by Christopher Condon.

For all of the talk about "our democracy," there is a better way to protect the lives and property of people than just electing politicians. It is called sound money. Original Article: "Sound Money Can Prevent What Representative Democracy Does Not" This Audio Mises Wire is generously sponsored by Christopher Condon.

The markets are now sliding into September – always a weak month, and seasoned investors like Jeremy Grantham are calling it, more slides ahead. When you look at what the FED has said, it is highly likely – that is until (if) they change track (again). Until then, there is simply nowhere to hide. Note, … Continue reading "Oh September! Just The Start And Nowhere To Hide… [Podcast]"

Episode 173 we speak with Entrepreneur and Master Trader Diamond David Williams. He tells his about the growth in his business and explains his evolution as a trader.

Gernot Wagner, climate economist at Columbia Business School, sits down with James M. Lindsay to discuss progress in the green energy transition and the risks and benefits of carbon capture and solar geoengineering technologies.   Mentioned on the Podcast   “America's Domination of Oil and Gas Will Not Cow China,” The Economist   Jason E. Box, et al, “Greenland Ice Sheet Climate Disequilibrium and Committed Sea-Level Rise,” Nature Climate Change    Isabel Schnabel, “Looking Through Higher Energy Prices? Monetary Policy and the Green Transition,” remarks delivered to the American Finance Association   Isabel Schnabel, “A New Age of Energy Inflation: Climateflation, Fossilflation and Greenflation,” remarks delivered to The ECB and Its Watchers XXII   Gernot Wagner, Geoengineering: The Gamble

When the Nixon administration ended the dollar's ties to gold, it was yet another sad chapter in the US government's abuse of its currency. And the government learned nothing. Original Article: "Money Does Matter: The End of the Gold Standard Led to a Lower Standard of Living" This Audio Mises Wire is generously sponsored by Christopher Condon.

When the Nixon administration ended the dollar's ties to gold, it was yet another sad chapter in the US government's abuse of its currency. And the government learned nothing. Original Article: "Money Does Matter: The End of the Gold Standard Led to a Lower Standard of Living" This Audio Mises Wire is generously sponsored by Christopher Condon.

Josh Younger is currently a managing director and global head of ALM research and strategy at JP Morgan, and previously spent over a decade as a senior market strategist focused on interest rate and money markets. Josh joins David on Macro Musings to discuss the current state of the Treasury market and various reforms that have recently been proposed for it. Specifically, Josh and David discuss the history and evolving structure of the Treasury market, the emergence of high frequency trading firms over the past decade, the factors behind the 2020 dash for cash, current stresses on the Treasury market, as well as potential reforms for the market going forward.   Transcript for the episode can be found here.   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!

Federal Reserve Chair Jerome Powell delivered a stark message Friday on inflation, warning that more interest rate hikes are coming and they're going to take a toll. Those statements came during the Fed's annual economic symposium in Jackson Hole, Wyoming. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution joins William Brangham to discuss. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Federal Reserve Chair Jerome Powell delivered a stark message Friday on inflation, warning that more interest rate hikes are coming and they're going to take a toll. Those statements came during the Fed's annual economic symposium in Jackson Hole, Wyoming. David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution joins William Brangham to discuss. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders

Development economists often confuse natural resources with wealth and then are puzzled when countries rich in resources experience widespread poverty. Free markets lead to creation of wealth, period. Original Article: "Money Is Not Wealth, Nor Is Wealth Natural Resources" This Audio Mises Wire is generously sponsored by Christopher Condon.

Development economists often confuse natural resources with wealth and then are puzzled when countries rich in resources experience widespread poverty. Free markets lead to creation of wealth, period. Original Article: "Money Is Not Wealth, Nor Is Wealth Natural Resources" This Audio Mises Wire is generously sponsored by Christopher Condon.

Carola Binder is an associate professor of economics at Haverford College and is currently a visiting scholar in the Monetary Policy Program at the Mercatus Center. She is also an associate editor at the Review of Economics and Statistics and the Journal of Money Credit and Banking. Carola rejoins Macro Musings to talk about inflation expectations and uncertainty. Specifically, David and Carola discuss why we should care about inflation expectations, which survey measures are most important, how policymakers should respond, and more.   Transcript for the episode can be found here.   Carola's Twitter: @cconces Carola's Haverford site Carola's Mercatus profile   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   *Consumer Inflation Uncertainty Is Rising* by Carola Binder   *Stuck in the Seventies: Gas Prices and Consumer Sentiment* by Carola Binder and Christos Makridis   *Inflation Expectations and Consumption: Evidence from 1951* by Carola Binder and Gillian Brunet   *How Do Americans View Higher Inflation?* by Frank Newport   *Inflation Expectations and Consumer Spending: The Role of Household Balance Sheets* by Lenard Lieb and Johannes Schuffels   *Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence* by Rudiger Bachmann, Tim Berg, and Eric Sims   *A New Measure of Monetary Shocks: Derivation and Implications* by Christina Romer and David Romer

Tascha, a macroeconomist and technology investor gave a great explanation of the outlook of the economy right now. She gave a bird's eye view of what caused the inflation and the "mild" recession, how long will that last, and what was her prediction for the future. On top of that, she explains web3 infrastructure to me, and breakdown how could crypto tokens and NFTs could be utilized, and she also breaks down some of the use cases for cryptocurrencies as well.If the episode (830) with Omid Malekan, educates you on what actually are cryptocurrencies, this episode with Tascha will be the one that educates you on the future and outlook of cryptocurrencies from a macroeconomist point-of-view.Visit Taschalabs.com to learn more about Tascha's work.Also, make sure to check out Episode 830 with Omid Malekan.Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thank you so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook