logo
episode-header-image
Mar 2016
55m 7s

01 - Scott Sumner on *The Midas Paradox*...

MERCATUS CENTER AT GEORGE MASON UNIVERSITY
About this episode

Welcome to Macro Musings, a new podcast exploring the important macroeconomic issues of the past, present, and future. In the inaugural episode, Scott Sumner joins host David Beckworth to talk about Scott's new book *The Midas Paradox*, which advances a bold new explanation of what caused the Great Depression. They also discuss Scott's path into macro and monetary economics as well as what the Fed got wrong in 2008.

David's blog: http://macromarketmusings.blogspot.com

Scott's blog: http://www.themoneyillusion.com/

Links from today's conversation:

http://www.amazon.com/The-Midas-Paradox-Government-Depression/dp/1598131508  http://www.nytimes.com/2016/01/27/opinion/subprime-reasoning-on-housing.html?_r=0 

Up next
Aug 3
Barry Eichengreen, Paul Blustein, and Brendan Greeley on Dollar Dominance
Barry Eichengreen is a is well known author, economist, and economic historian from the University of California, Berkeley. Paul Blustein is a former Washington Post and Wall Street Journal journalist who has authored several acclaimed books on global economic institutions. Brend ... Show More
58m 56s
Jul 27
David Wessel on the Fed's Current Inflection Point
David Wessel is a senior fellow in economic studies at Brookings and is the director of the Hutchins Center on Fiscal and Monetary Policy. In David's first appearance on the show, he discusses stories of the Greenspan Fed, what is was like in Europe when the euro was adopted, the ... Show More
55m 54s
Jul 20
Sam Lyman on the Digital Payments Race Between the US and China
Sam Lyman is the head of research at the Bitcoin Policy Institute and formerly was a senior advisor and speechwriter for Treasury Secretary Bessent. In Sam's first appearance on the show, he discusses Secretary Bessent's secret skill, the competition in the digital payments space ... Show More
58m 24s
Recommended Episodes
Nov 2023
194. The Debt Bubble with Luke Gromen
<p>Join Luke Gromen and Saifedean in a conversation unpacking the theory of dedollarization. They delve into the implications of negative real rates, the gold market, the impact of oil on the global economy, and potential future actions by the Federal Reserve.<br/><br/><b>Referen ... Show More
1h 53m
May 2023
Skanda Amarnath & Michael Gayed: Unraveling the Fiscal Policy-Inflation-Asset Prices Nexus
<p>In this captivating podcast, we dive into an in-depth Skanda Amarnath interview with Michael Gayed, where they discuss the most crucial upcoming catalysts and inflection points shaping the economy and financial markets. Skanda Amarnath, an accomplished economist and the Execut ... Show More
51m 31s
Sep 2024
Prof G Markets: Takeaways from the Second Debate + Does the US Need a Sovereign Wealth Fund?
Follow Prof G Markets: Apple Podcasts Spotify  Scott and Ed open the show by discussing recent inflation data, Oracle’s earnings, Wall Street’s decision to curb working hours for young bankers, and Open AI’s newest model. Then Scott shares his reactions to the President debat ... Show More
50m 31s
Jan 2023
State of Play: Inflation, Recession Signals, and the Housing Market — with Mark Zandi - The Prof G Pod
Today we're sharing an episode of The Prof G Pod, Scott Galloway's other favorite podcast. Enjoy! Mark Zandi, the chief economist of Moody’s Analytics joins to discuss the economy, including geopolitical uncertainty, the housing market, and why he’s not all that concerned about a ... Show More
39m 50s
Feb 2024
Conversation with David Leonhardt — The State of the US Economy
David Leonhardt, a senior writer at The New York Times, where he writes “The Morning” newsletter, joins Scott to discuss themes from his book, “Ours Was the Shining Future: The Story of the American Dream.” We hear about the state of the US economy, investments that could fuel ec ... Show More
50m 16s
Nov 2016
TIP 113 : Jim Rickards and the Road to Ruin (Business Podcast)
IN THIS EPISODE, YOU’LL LEARN: Why we faced a crisis in 1998 and 2008, and why me might have an even bigger crisis in 2018. That the FED is leveraged 113-1, and why the IMF will be bailing out the FED during the next crisis. What “SDR money ” is and why it will become the new glo ... Show More
44m 24s
Apr 2023
Capitalism, Private Equity, and the Seven Deadly Sins — with Stephen Dubner
Stephen Dubner, the host of the Freakonomics Radio podcast and founder of the Freakonomics Radio Network, joins Scott to discuss the history of Adam Smith, the role of private equity in our society, and his thoughts on the Seven Deadly Sins. Scott opens by discussing the explosio ... Show More
56m 10s
Sep 2024
Slowing But Growing: Why The U.S. Isn’t Headed For Recession | Prometheus Research
In this episode, Prometheus Research joins the show to discuss his macro framework, what the subcomponents of GDP tell us about the economy, and where we are in the business cycle. We also take a deep dive into the manufacturing sector, the components of liquidity, and much more. ... Show More
57m 55s