I revised "Expectations and the neutrality of interest rates" and presented at the Hoover Economic Policy workshop. Thanks to the great Hoover team, here it is by video. If the embed doesn't work, here's the Hoover webpage with the video. The updated paper and slides are here.
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Tampilkan postingan dengan label Videos. Tampilkan semua postingan
Health policy video/podcast
I did a podcast on health policy with Daniel Belkin and Mitch Belkin at the External Medicine Podcast. video embedded above, audio at the link. They're a great team. Free market health care and insurance is a hard sell, having to climb mountains of the usual objections and anecdotes!
Video week
It's been a busy week for video. I started Monday with a good roundtable with Benn Steil at the Council on Foreign Relations "Understanding Inflation and its Causes"
Tuesday we did a great Goodfellows conversation with Larry Summers. (Audio podcast at that link, plus video if the embed doesn't work.) Larry answers "what would you do at the Fed" much better than I did when Benn asked, among other great topics.
This week also Casey Weade posted a podcast and video interview we did on Fiscal Theory of the Price Level, for a general audience, at his "Retire with Purpose" podcast. Casey did a great job asking good questions and steering the conversation. Link, including audio podcast
More got recorded, not up yet... a busy week.
Latest Goodfellows
Ukraine, of course, with Congressman Mike Gallagher, who occasionally gets a wise word in edgewise.
If the above embed doesn't work, direct link here at the Hover website, along with podcast for audiophiles.
Debt Video
This is a short video summarizing papers r<g? and (better) section 6.4 of Fiscal Theory of the Price Level. Do low interest costs on the debt mean the government never has to pay it back? If the government doesn't have to repay debts, why do any of us citizens have to repay debts? Let the government borrow, pay off our student, mortgage, and auto debt. Let it send us checks and we can all stop working, paying taxes, and just order things from Amazon. Hmm. Something is wrong here...
The main point. We have 5% of GDP primary deficits, and bigger coming. A r<g of 1% is a fun possibility for government with 1% of GDP deficits and 100% debt to GDP. But it still leaves us 4% in the hole, and then the next crisis, pandemic, war, or social security and medicare come along.
Kudos to the Hoover Policy-Ed team (This video on their website, with additional material) and especially Shana Farley and Tom Church, who managed to boil down a complex subject to an understandable video. The animations are impressive. Yes, the guy talking needs acting lessons (it's a lot better at 1.25 speed) and a haircut. Next time...
Grumpy on inflation at CATO
I had a great time at the CATO monetary policy conference last week. A brief view on why we're having inflation and the chance it will continue:
Briefly, a helicopter dropped. The Fed fell flat. And here we go. Grumpy got steamed up on this one.
If the embed doesn't work, try the direct link or the above conference link. Greg Ip moderated well, and stick around for insightful comments from Fernando Martin, Mark Sobel, and David Beckworth.