Tyler Cowen engages today’s deepest thinkers in wide-ranging explorations of their work, the world, and everything in between. New conversations every other Wednesday. Subscribe wherever you get your podcasts.
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Macro Musings with David Beckworth


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Macro Musings with David Beckworth
Mercatus Center at George Mason University
Hosted by David Beckworth of the Mercatus Center, Macro Musings pulls back the curtain on the important macroeconomic issues of the past, present, and future.
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Through conversations with top thinkers in the social sciences and beyond, economist Shruti Rajagopalan explores the ideas that will propel India forward.
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Hayek Program Podcast


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Hayek Program Podcast
F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
The Hayek Program Podcast includes audio from lectures, interviews, and discussions of scholars and visitors from the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. The F. A. Hayek Program is devoted to the promotion of teaching and research on the institutional arrangements that are suitable for the support of free and prosperous societies. Implicit in this statement is the presumption that those arrangements ...
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Conversations with Tyler


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John Gray on Pessimism, Liberalism, and Theism
1:01:54
1:01:54
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John Gray is a philosopher and writer renowned for his critical examination of liberalism, atheism, and the human condition. His unique perspective is shaped over a decades-long career, during which he has authored influential books on topics ranging from political theory to what we can learn from cats about on how to live a good life. His latest b…
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Hayek Program Podcast


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Environmental Economics — Bobbi Herzberg on Climate Change and Polycentricity
1:14:39
1:14:39
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Welcome back to the Environmental Economics series, hosted by Jordan Lofthouse. On this episode, he interviews Bobbi Herzberg on a polycentric approach to solving climate change. Bobbi Herzberg is a Distinguished Senior Fellow for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics and a Senior Research Fellow. Previou…
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Macro Musings with David Beckworth


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Matthew Raskin on Treasury Market Stability, Interest Rates, and the Fed’s Balance Sheet
51:18
51:18
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Matthew Raskin is the US head of rates research at Deutsche Bank and was formerly a senior staff member of the Federal Reserve System. Matthew joins David on Macro Musings to talk about interest rates, QE, QT, and the Federal Reserve’s balance sheet. David and Matthew also discuss the inside story behind the Fed’s shift in operating system, Matthew…
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Macro Musings with David Beckworth


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David Papell on the History, Motivations, and Current Applications of Monetary Policy Rules
54:33
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David Papell is a professor of economics at the University of Houston and has published widely on monetary policy rules. David joins Macro Musings to talk about his recent paper, *Policy Rules and Forward Guidance Following the COVID-19 Recession,* as well as the origins, past uses, and current applications of monetary policy rules. Transcript for …
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Ideas of India


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Kartikeya Batra on Long-Run Effects of Land Redistribution in India
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Shruti spoke with Kartikeya Batra, who is a Ph.D. candidate in economics at the University of Maryland and has a master’s in international affairs from The Fletcher School. His research lies at the intersection of political economy, development economics, and economic history. They discussed his job market paper titled “Long-Run Effects of Land Red…
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Conversations with Tyler


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Jennifer Burns on Milton Friedman and Ayn Rand
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59:44
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Jennifer Burns is a professor of history at Stanford who works at the intersection of intellectual, political, and cultural history. She’s written two biographies Tyler highly recommends: her 2009 book, Goddess of the Market: Ayn Rand and the American Right and her latest, Milton Friedman: The Last Conservative, provides a nuanced look into the inf…
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Hayek Program Podcast


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Peter Boettke & Jennifer Burns on the Life of Milton Friedman
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54:17
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This week, Peter Boettke interviews Jennifer Burns, author of Milton Friedman: The Last Conservative. Milton Friedman achieved tremendous sucess as an economist including being a John Bates Clark Medal winner, a Nobel Prize winner, and the president of the American Economic Association (AEA). In this episode, they discuss Friedman's time at Columbi…
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Macro Musings with David Beckworth


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Rachel Siegel on the Fed, Commercial Real Estate, and the Economics of the 2024 Election
58:05
58:05
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Rachel Siegel is a reporter for the Washington Post, where she covers the Federal Reserve and also reports on the domestic economy more broadly. Rachel joins Macro Musings to talk about the current Fed beat as well as her work on other economic issues, including how the Fed deals with physical cash, the precarious state of the commercial real estat…
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Conversations with Tyler


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Brian Koppelman on TV, Movies, and Appreciating Art
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Brian Koppelman is a writer, director, and producer known for his work on films like Rounders and Solitary Man, the hit TV show Billions, and his podcast The Moment, which explores pivotal moments in creative careers. Tyler and Brian sat down to discuss why TV wasn’t good for so long, whether he wants viewers to binge his shows, how he’d redesign m…
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Macro Musings with David Beckworth


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Will Bateman on the History and Evolving Nature of the Fiscal Fed
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Will Bateman is an associate professor and associate dean of research at the Australian National University College of Law. Will has recently authored a paper titled, *The Fiscal Fed,* which takes a close look at the Fed’s fiscal functions during the two World Wars, the Great Depression, the Cold War, the global financial crisis, and the COVID-19 p…
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As a follow-up to the episode featuring Stephen Jennings, we’re releasing two bonus conversations showing the daily life, culture, and politics of Nairobi and Kenya at large. This second installment features Githae Githinji, a Kikuyu elder and businessman working in Tatu City, a massive mixed-used development spearheaded by Jennings. Born in 1958 a…
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As a follow-up to the episode featuring Stephen Jennings, we’re releasing two bonus conversations showing the daily life, culture, and politics of Nairobi and Kenya at large. This first installment features Harriet Muriithi. Harriet is a 22-year-old hospitality professional living and working in Tatu City, a massive mixed-used development spearhead…
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Ideas of India


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Vatsal Khandelwal on Pessimistic Belief Correction and its Impact on Well-Being
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37:35
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In this episode, Shruti spoke with Vatsal Khandelwal, who is a junior research fellow at Merton College and an associate member of the Department of Economics at University of Oxford. His main research interest are development and behavioral economics, with a focus on social and economic networks. They discussed his job market paper titled “Silent …
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Stephen and Tyler first met over thirty years ago while working on economic reforms in New Zealand. With a distinguished career that transitioned from the New Zealand Treasury to significant ventures in emerging economies, Stephen now focuses on developing new urban landscapes across Africa as the founder and CEO of Rendeavour. Tyler sat down with …
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Hayek Program Podcast


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Virtual Sentiments — Eileen Hunt on Mary Shelley and the Ethics of AI
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1:05:28
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This episode of the Hayek Program Podcast is a special crossover episode from Virtual Sentiments, S1E9, with a special introduction by Jayme Lemke to celebrate the start of Season 2! Go check out S2E1 of Virtual Sentiments featuring Christopher Coyne today! On this, the last episode of Season 1 of Virtual Sentiments, Kristen Collins interviews Eile…
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Macro Musings with David Beckworth


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PJ Glandon on the State of Macroeconomics: Research and Pedagogy
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52:47
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PJ Glandon is an associate professor of economics at Kenyon College, where he also serves as chair of the economics department. PJ joins David on Macro Musings to talk about his recent co-authored article, *Macroeconomics Research: Present and Past.* David and PJ also more broadly discuss the state of macroeconomics as a discipline, both in terms o…
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Macro Musings with David Beckworth


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Ed Nelson on the Life, Work, and Legacy of Bennett McCallum
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41:47
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Ed Nelson is a senior advisor in the Monetary Affairs Division of the Board of Governors of the Federal Reserve System. Ed has also previously been a professor of economics at the University of Sydney and has worked at the St. Louis Federal Reserve Bank as well as the Bank of England. Most importantly, however, Ed was also a former student of, and …
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Ideas of India


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Sarath Pillai on the Influence of Nineteenth Century German Thought on Early Twentieth Century Indian Constitutionalists
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41:39
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Shruti spoke with Sarath Pillai, who is a Postdoctoral Research Fellow at the Center for the Advanced Study of India at University of Pennsylvania. He holds a PhD in History from the University of Chicago, a Master of Studies in Law from Yale Law School, a MA in history from the University of Delhi, and a Postgraduate Diploma in archives and record…
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Jacob Mikanowski is the author of one of Tyler’s favorite books this year called Goodbye, Eastern Europe: An Intimate History of a Divided Land. Tyler and Jacob sat down to discuss all things Eastern Europe, including the differences between Eastern and Western European humor, whether Poles are smiling more nowadays, why the best Polish folk art is…
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Hayek Program Podcast


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Environmental Economics — Katie Wright on Sustainability and Water Scarcity
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1:03:18
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Continuing our series on Enviromental Economics, host Jordan Lofthouse chats with Katie Wright about sustainability, extensive and intensive margins, intellectual humility in statistical analysis, how her experience in Mercatus fellowships has aided her research, the nature of the water scarcity problem in the Western United States, and more. Kathe…
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Macro Musings with David Beckworth


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Sam Hammond on AI, Techno-Feudalism, and the Future of the State
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Sam Hammond is a senior economist at the Foundation for American Innovation and is non-resident fellow at the Niskanen Institute. Sam is also a previous guest of the show, and he rejoins Macro Musings to talk about artificial intelligence and the future of the state. Specifically, David and Sam discuss the current AI environment, how private AI may…
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Conversations with Tyler


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Re-release: Claudia Goldin on the Economics of Inequality
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Harvard professor Claudia Goldin has made a name for herself tackling difficult questions. What was the full economic cost of the American Civil War? Does education increase or lessen income inequality? What causes the gender pay gap—and how do you even measure it? Her approach, which often involves the unearthing of new historical data, has yielde…
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Macro Musings with David Beckworth


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Marc Goldwein on the US Government Budget: Structure, Challenges, and Reform Strategies
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53:37
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Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget (CRFB), where he guides and conducts research on a wide array of topics related to fiscal policy and the federal budget. Marc joins Macro Musings to talk about the US government budget, its structure, its challenges, and its long…
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Ideas of India


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Rithika Kumar on the Impact of Male Migration on Women’s Political Engagement
31:59
31:59
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Shruti spoke with Rithika Kumar, who is a Postdoctoral Visiting Fellow at the Kellogg Institute for International Studies at the University of Notre Dame. She received her PhD in political science from the University of Pennsylvania in August 2023. Her research lies at the intersection of gender, urbanization and politics in India. Shruti and Rithi…
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Conversations with Tyler


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Ada Palmer on Viking Metaphysics, Contingent Moments, and Censorship
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Ada Palmer is a Renaissance historian at the University of Chicago who studies radical free thought and censorship, composes music, consults on anime and manga, and is the author of the acclaimed Terra Ignota sci-fi series, among many other things. Tyler sat down with Ada to discuss why living in the Renaissance was worse than living during the Mid…
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Hayek Program Podcast


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"Following Their Leaders" Book Panel
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1:03:28
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On this episode, we’ll hear a book panel discussion on Randall Holcombe’s book, Following Their Leaders: Political Preferences and Public Policy (Cambridge University Press, 2023). In it, Holcombe examines how expressive voting preferences are determined and how we tend to adopt the preferences of the political elite. The panel is moderated by Chri…
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Macro Musings with David Beckworth


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Lev Menand and Josh Younger on *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon*
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Lev Menand is an associate professor of law at Columbia University and Josh Younger is a senior policy advisor at the Federal Reserve Bank of New York and a lecturer at Columbia Law School. Lev and Josh also recently co-authored a paper titled, *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon.* They are also returning gue…
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Macro Musings with David Beckworth


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Thomas Hoenig on Public Debt Sustainability and the Current State of the US Banking System
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Thomas Hoenig is a distinguished senior fellow with the Mercatus Center at George Mason University, where he focuses on the long-term impacts of the politicization of financial services as well as the effects of government-granted privileges and market performance. He was formerly the vice chair of the FDIC from 2012 to 2018 and the 20 years prior …
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Ideas of India


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Vanisha Sharma on the Effects of Internet Expansion in Developing Communities
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Shruti spoke with Vanisha Sharma who is a Ph.D. candidate at the Dyson School of Applied Economics and Management at Cornell University. She earned her BA in economics with a double minor in psychology and sociology at the University of Hong Kong. She is also the co-editor-in-chief for the blog Economics That Really Matters, which encourages early …
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Conversations with Tyler


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Lazarus Lake on Endurance, Uncertainty, and Reaching One’s Potential
51:44
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Lazarus Lake is a renowned ultramarathon runner and designer. His most famous creation (along with his friend Raw Dog) is the Barkley Marathons, an absurdly difficult 100-mile race through the Tennessee wilderness that only 17 people have ever finished in its nearly 30-year existence. Tyler and Laz discuss what running 100 miles tells you about you…
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Hayek Program Podcast


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Environmental Economics — Megan Jenkins on Conservation Policy
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49:32
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Welcome to our new series, Environmental Economics, hosted by Jordan Lofthouse! Jordan Lofthouse sits down with Megan Jenkins to talk about endangered species, Prairie dogs in cemeteries, issues of incentive alignment, the rise of private conservation, the willing buyer and willing seller approach, and more. Megan E. Jenkins is the Senior Director …
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Macro Musings with David Beckworth


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Robert McCauley on Bond Market Crises and the International Lender of Last Resort
1:11:37
1:11:37
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Robert McCauley is a senior fellow at the Global Development Policy Center at Boston University, an Associate Member of the Faculty of History at the University of Oxford, and was formerly at the Bank of International Settlements for 25 years and the New York Federal Reserve Bank for 14 years. Robert is also a returning guest to the show, and he re…
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Macro Musings with David Beckworth


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Joe Gagnon on Inflation Progress and the Path Ahead: Breaking Down Jerome Powell’s Jackson Hole Speech
58:40
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Joe Gagnon is a senior fellow at the Peterson Institute for International Economics and was formerly a senior staffer at the Federal Reserve Board of Governors. Joe is also a returning guest to Macro Musings, and he rejoins the podcast to talk about Fed Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium. Specifically, Joe and David…
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