The Capitalism and Freedom in the Twenty-First Century Podcast https://capitalism-and-freedom-in-the-21st-century.podbean.com This podcast is focused on economics, finance and public policy, with a common thread to exploring some of the ideas of the late economist Milton Friedman titled after his 1962 book ”Capitalism and Freedom”. Fri, 03 Jul 2026 08:31:21 -0700 https://podbean.com/?v=5.5 en Copyright 2024 All rights reserved. News:Business News 1440 episodic This podcast is focused on economics, finance and public policy, with a common thread to exploring some of the ideas of the late economist Milton Friedman titled after his 1962 book "Capitalism and Freedom". Jon Hartley Jon Hartley No false https://feed.podbean.com/capitalism-and-freedom-in-the-21st-century/feed.xml https://pbcdn1.podbean.com/imglogo/image-logo/19040747/Capitalism-and-Freedom_squarepodbean_u3ku67.jpg The Capitalism and Freedom in the Twenty-First Century Podcast https://capitalism-and-freedom-in-the-21st-century.podbean.com 144 144 Dr. Oz On Affordability, Fighting Fraud, and AI in Healthcare | Hoover Institution Dr. Oz On Affordability, Fighting Fraud, and AI in Healthcare | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/dr-oz-on-affordability-fighting-fraud-and-ai-in-healthcare-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/dr-oz-on-affordability-fighting-fraud-and-ai-in-healthcare-hoover-institution/#comments Fri, 03 Jul 2026 08:31:21 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/c3866c61-081e-391c-ae18-8b0f7e520f10 Jon Hartley and Dr. Oz along with his two deputies discuss running the Centers for Medicare & Medicaid Services (CMS) which administers the major federal government healthcare programs within the US Department of Health and Human Services (HHS), tackling Medicaid and Medicare fraud across the nation, healthcare changes in the One Big Beautiful Bill (Working Families Tax Cuts Act), lowering pharmaceutical drug prices through most favored nation (MFN) deals and TrumpRx, and integrating AI and technology into CMS workflows.

Recorded on June 11, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Dr. Oz along with his two deputies discuss running the Centers for Medicare & Medicaid Services (CMS) which administers the major federal government healthcare programs within the US Department of Health and Human Services (HHS), tackling Medicaid and Medicare fraud across the nation, healthcare changes in the One Big Beautiful Bill (Working Families Tax Cuts Act), lowering pharmaceutical drug prices through most favored nation (MFN) deals and TrumpRx, and integrating AI and technology into CMS workflows.

Recorded on June 11, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 2320 78 full Business Cycles, Growth, Misallocation, and AI with Pete Klenow | Hoover Institution Business Cycles, Growth, Misallocation, and AI with Pete Klenow | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/business-cycles-growth-misallocation-and-ai-with-pete-klenow-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/business-cycles-growth-misallocation-and-ai-with-pete-klenow-hoover-institution/#comments Fri, 12 Jun 2026 07:30:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/680f11eb-8fd6-3af7-8545-6369275d0516 Pete Klenow has spent his career tackling some of economics’ biggest questions: Why do some countries grow rich while others remain poor? What drives long-run prosperity? And how can policy foster innovation and productivity? In this episode of Capitalism and Freedom in the 21st Century, Jon Hartley sits down with the Stanford economist to discuss Klenow’s influential research on sticky prices, development accounting, economic growth, and the allocation of resources across firms and industries. 

The conversation explores how economists measure the sources of growth, why misallocation can hold back entire economies, and what Klenow’s research reveals about productivity differences across countries such as China, India, and the United States. Hartley and Klenow also examine the evolution of macroeconomics, the role of monetary policy, and the potential impact of artificial intelligence on innovation, productivity, and future economic growth.

Recorded on June 2, 2026. 

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Pete Klenow has spent his career tackling some of economics’ biggest questions: Why do some countries grow rich while others remain poor? What drives long-run prosperity? And how can policy foster innovation and productivity? In this episode of Capitalism and Freedom in the 21st Century, Jon Hartley sits down with the Stanford economist to discuss Klenow’s influential research on sticky prices, development accounting, economic growth, and the allocation of resources across firms and industries. 

The conversation explores how economists measure the sources of growth, why misallocation can hold back entire economies, and what Klenow’s research reveals about productivity differences across countries such as China, India, and the United States. Hartley and Klenow also examine the evolution of macroeconomics, the role of monetary policy, and the potential impact of artificial intelligence on innovation, productivity, and future economic growth.

Recorded on June 2, 2026. 

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3556 77 full Economic Freedom and Market Reforms in Latin America With Sebastian Edwards | Hoover Institution Economic Freedom and Market Reforms in Latin America With Sebastian Edwards | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/economic-freedom-and-market-reforms-in-latin-america-with-sebastian-edwards-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/economic-freedom-and-market-reforms-in-latin-america-with-sebastian-edwards-hoover-institution/#comments Wed, 27 May 2026 12:21:30 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/b818af74-f497-3b65-a8de-9f2b050335ff Jon Hartley and Sebastian Edwards discuss Edward’s time at the University of Chicago as a PhD student in the time of Milton Friedman and the Chicago School, Chile’s market reforms and the Chicago Boys (documented in Sebastian’s most recent book, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism), Javier Milei and Argentina’s prospects of reversal, renewed hope for Venezuela, and whether economic freedom and market reforms have returned.

Recorded on May 7, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Sebastian Edwards discuss Edward’s time at the University of Chicago as a PhD student in the time of Milton Friedman and the Chicago School, Chile’s market reforms and the Chicago Boys (documented in Sebastian’s most recent book, The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism), Javier Milei and Argentina’s prospects of reversal, renewed hope for Venezuela, and whether economic freedom and market reforms have returned.

Recorded on May 7, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 4064 76 full Former US Senator Phil Gramm on Inequality Fallacies and How Economic Freedom Creates Growth | Hoover Institution Former US Senator Phil Gramm on Inequality Fallacies and How Economic Freedom Creates Growth | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/former-us-senator-phil-gramm-on-inequality-fallacies-and-how-economic-freedom-creates-growth-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/former-us-senator-phil-gramm-on-inequality-fallacies-and-how-economic-freedom-creates-growth-hoover-institution/#comments Thu, 07 May 2026 11:04:43 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/83d0cec4-8a75-309e-b9ff-983c56fcccc9 Jon Hartley and Phil Gramm discuss Graham’s career as an academic economist at Texas A&M, his service in the US House of Representatives and in the US Senate, and his work on the Gramm-Rudman-Hollings and Gramm-Leach-Bliley legislation. Graham also talks about his recent books on the role that economic freedom plays in economic growth, as well as various fallacies surrounding the rise of inequality in the US.

Recorded on April 28, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Phil Gramm discuss Graham’s career as an academic economist at Texas A&M, his service in the US House of Representatives and in the US Senate, and his work on the Gramm-Rudman-Hollings and Gramm-Leach-Bliley legislation. Graham also talks about his recent books on the role that economic freedom plays in economic growth, as well as various fallacies surrounding the rise of inequality in the US.

Recorded on April 28, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3952 75 full A History of the West After Adam Smith’s Wealth of Nations With Niall Ferguson | Hoover Institution A History of the West After Adam Smith’s Wealth of Nations With Niall Ferguson | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/a-history-of-the-west-after-adam-smith-s-wealth-of-nations-with-niall-ferguson-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/a-history-of-the-west-after-adam-smith-s-wealth-of-nations-with-niall-ferguson-hoover-institution/#comments Thu, 23 Apr 2026 14:57:37 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/8461091f-56c8-3467-942f-1f58afc4f8f2 Jon Hartley and Niall Ferguson explore Niall's career, the power of networks in his books The House of Rothschild volume one (1998) and volume two (1999), and The Square and the Tower (2017); the rise and fall of empire in his books Empire (2003) and The Great Degeneration (2013), America’s global role in his book Colossus (2005), and the enduring legacy of Adam Smith on the 250th anniversary of The Wealth of Nations—as well as the Anglosphere, economic growth, and the rise of 21st-century socialism.

Recorded on March 23, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Niall Ferguson explore Niall's career, the power of networks in his books The House of Rothschild volume one (1998) and volume two (1999), and The Square and the Tower (2017); the rise and fall of empire in his books Empire (2003) and The Great Degeneration (2013), America’s global role in his book Colossus (2005), and the enduring legacy of Adam Smith on the 250th anniversary of The Wealth of Nations—as well as the Anglosphere, economic growth, and the rise of 21st-century socialism.

Recorded on March 23, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3447 74 full Reducing the Fed’s Balance Sheet With Fed Board Governor Stephen Miran | Hoover Institution Reducing the Fed’s Balance Sheet With Fed Board Governor Stephen Miran | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/reducing-the-fed-s-balance-sheet-with-fed-board-governor-stephen-miran-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/reducing-the-fed-s-balance-sheet-with-fed-board-governor-stephen-miran-hoover-institution/#comments Fri, 10 Apr 2026 10:30:49 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/d9efc319-45a7-387a-b36b-85d6a9fea849 Jon Hartley and Stephen Miran discuss Stephen’s new paper on strategies to reduce the Federal Reserve’s balance sheet, the state of inflation and the labor market in the US economy, estimating the neutral rate of interest and the stance of current monetary policy, and how the rise of AI and the public debt may influence monetary policy going forward. 

Recorded on March 26, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Stephen Miran discuss Stephen’s new paper on strategies to reduce the Federal Reserve’s balance sheet, the state of inflation and the labor market in the US economy, estimating the neutral rate of interest and the stance of current monetary policy, and how the rise of AI and the public debt may influence monetary policy going forward. 

Recorded on March 26, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 1590 73 full Banking Systems and Crises from Deposit Insurance to Stablecoins with Charles Calomiris | Hoover Institution Banking Systems and Crises from Deposit Insurance to Stablecoins with Charles Calomiris | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/banking-systems-and-crises-from-deposit-insurance-to-stablecoins/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/banking-systems-and-crises-from-deposit-insurance-to-stablecoins/#comments Fri, 27 Mar 2026 09:04:23 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/cdd0a400-b9b0-309a-a81b-c3ab5bba667c Jon Hartley and Charles Calomiris discuss banking crises, the Diamond-Dybvig model, deposit insurance, the history of bailouts and public subsidies for banking, the historical comparison of the US and Canada banking systems, quantitative easing and ample reserves banking, stablecoins, non-bank lenders, and Charlie’s magnum opus Fragile By Design.

Recorded on February 27, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Charles Calomiris discuss banking crises, the Diamond-Dybvig model, deposit insurance, the history of bailouts and public subsidies for banking, the historical comparison of the US and Canada banking systems, quantitative easing and ample reserves banking, stablecoins, non-bank lenders, and Charlie’s magnum opus Fragile By Design.

Recorded on February 27, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Charles Calomiris discuss banking crises, the Diamond-Dybvig model, deposit insurance, the history of bailouts and public subsidies for banking, the historical comparison of the US and Canada banking systems, quantitative easing and ample reserves banking, stablecoins, non-bank lenders, and Charlie’s magnum opus Fragile By Design. Recorded on February 27, 2026. ABOUT THE SERIES Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information about the podcast, or subscribe for the next episode, click here: https://capitalismandfreedom.substack.com/ Jon Hartley false No 4353 72 full Is Miami Becoming Wall Street South? With Citadel Securities President Jim Esposito | Hoover Institution Is Miami Becoming Wall Street South? With Citadel Securities President Jim Esposito | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/is-miami-becoming-wall-street-south-with-citadel-president-jim-esposito-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/is-miami-becoming-wall-street-south-with-citadel-president-jim-esposito-hoover-institution/#comments Thu, 05 Mar 2026 16:06:01 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/27fce481-24ca-384d-8d72-fa2b1fb5c002 Jon Hartley and Jim Esposito discuss Jim’s beginnings, his career in senior roles at Goldman Sachs in New York and London, and moving to Miami to run one of the world’s largest broker-dealer and market makers, Citadel Securities. They also discuss the rising role Miami is playing in global capital markets (becoming “Wall Street South”) with Citadel’s moving its headquarters there, ongoing trends in the economy, and the rising role of AI in finance and business.

Recorded on February 27, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Jim Esposito discuss Jim’s beginnings, his career in senior roles at Goldman Sachs in New York and London, and moving to Miami to run one of the world’s largest broker-dealer and market makers, Citadel Securities. They also discuss the rising role Miami is playing in global capital markets (becoming “Wall Street South”) with Citadel’s moving its headquarters there, ongoing trends in the economy, and the rising role of AI in finance and business.

Recorded on February 27, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 2458 71 full The White House vs. Industry Titans: A History of American Power Struggles with Tevi Troy | Hoover Institution The White House vs. Industry Titans: A History of American Power Struggles with Tevi Troy | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-white-house-vs-industry-titans-a-history-of-american-power-struggles-with-tevi-troy-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-white-house-vs-industry-titans-a-history-of-american-power-struggles-with-tevi-troy-hoover-institution/#comments Wed, 11 Feb 2026 11:00:00 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/71aea953-5bac-3eb1-8ecb-7cd53c1ae712 Jon Hartley and Tevi Troy discuss Tevi’s career as a Presidential historian, serving in a variety of roles in the George W. Bush administration including as White House Domestic Policy Council Deputy Director and as Deputy Secretary of Health and Human Services, as well as Tevi’s new book The Power and the Money: The Epic Clashes Between American Titans of Industry and Commanders in Chief.

Recorded on December 25, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Tevi Troy discuss Tevi’s career as a Presidential historian, serving in a variety of roles in the George W. Bush administration including as White House Domestic Policy Council Deputy Director and as Deputy Secretary of Health and Human Services, as well as Tevi’s new book The Power and the Money: The Epic Clashes Between American Titans of Industry and Commanders in Chief.

Recorded on December 25, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3419 70 full Andrew Ross Sorkin on Two Crises, Lasting Impact: How 1929 and 2008 Still Shape Finance | Hoover Institution Andrew Ross Sorkin on Two Crises, Lasting Impact: How 1929 and 2008 Still Shape Finance | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/andrew-ross-sorkin-on-two-crises-lasting-impact-how-1929-and-2008-still-shape-finance-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/andrew-ross-sorkin-on-two-crises-lasting-impact-how-1929-and-2008-still-shape-finance-hoover-institution/#comments Thu, 29 Jan 2026 08:00:00 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/642fd588-6e2c-3012-807e-1be6444796e2 Jon Hartley and Andrew Ross Sorkin discuss Andrew’s career as a journalist, Andrew’s recent book 1929 and how the events between the 1929 Wall Street crash and 1933 reshaped banking and financial regulation, comparisons with the 2008 global financial crisis (chronicled in Andrew’s first book Too Big To Fail), and the policy lessons that have been learned from both events.

Recorded on January 9, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Andrew Ross Sorkin discuss Andrew’s career as a journalist, Andrew’s recent book 1929 and how the events between the 1929 Wall Street crash and 1933 reshaped banking and financial regulation, comparisons with the 2008 global financial crisis (chronicled in Andrew’s first book Too Big To Fail), and the policy lessons that have been learned from both events.

Recorded on January 9, 2026.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3440 69 full Why Does Europe Struggle with Innovation? With Luis Garicano | Hoover Institution Why Does Europe Struggle with Innovation? With Luis Garicano | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/why-does-europe-struggle-with-innovation-with-luis-garicano-hoover-institution-1767893779/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/why-does-europe-struggle-with-innovation-with-luis-garicano-hoover-institution-1767893779/#comments Thu, 08 Jan 2026 09:36:19 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/a83788c6-410b-357a-a905-d3cb25ba6559 Jon Hartley and Luis Garicano discuss Luis’s career, including his time as a Member of the European Parliament (MEP) from 2019 to 2022, his research on firms, Europe’s struggles with innovation and regulation, and the future of the euro.

Recorded on December 22, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Luis Garicano discuss Luis’s career, including his time as a Member of the European Parliament (MEP) from 2019 to 2022, his research on firms, Europe’s struggles with innovation and regulation, and the future of the euro.

Recorded on December 22, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3186 68 full Matteo Maggiori on China, Geoeconomics and Exchange Rates | Hoover Institution Matteo Maggiori on China, Geoeconomics and Exchange Rates | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/matteo-maggiori-on-china-geoeconomics-and-exchange-rates-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/matteo-maggiori-on-china-geoeconomics-and-exchange-rates-hoover-institution/#comments Thu, 08 Jan 2026 09:02:25 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/5205ab76-d65f-3904-9e41-0ce25e4cf42c Jon Hartley and Matteo Maggiori discuss Matteo’s career on going from trading at JP Morgan to becoming an academic economist, the rise of China’s economy, geoeconomics and sanctions power, measuring international economic data, exchange rates, as well as beliefs and portfolios.

Recorded on December 2, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Matteo Maggiori discuss Matteo’s career on going from trading at JP Morgan to becoming an academic economist, the rise of China’s economy, geoeconomics and sanctions power, measuring international economic data, exchange rates, as well as beliefs and portfolios.

Recorded on December 2, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3617 66 full The Origins of Inflation Targeting in New Zealand with Don Brash | Hoover Institution The Origins of Inflation Targeting in New Zealand with Don Brash | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-origins-of-inflation-targeting-in-new-zealand-with-don-brash/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-origins-of-inflation-targeting-in-new-zealand-with-don-brash/#comments Thu, 04 Dec 2025 08:00:00 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/5c572b98-e639-3375-8089-f4136d872e2d Don Brash on his career as a central banker at the helm of New Zealand’s central bank, helping to start inflation targeting in New Zealand, his time as a politician and leader of the National Party, and more.

Recorded on November 21, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Don Brash on his career as a central banker at the helm of New Zealand’s central bank, helping to start inflation targeting in New Zealand, his time as a politician and leader of the National Party, and more.

Recorded on November 21, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3403 65 full Property Rights and the UCLA School of Economics with David Henderson | Hoover Institution Property Rights and the UCLA School of Economics with David Henderson | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/property-rights-and-the-ucla-school-of-economics-with-david-henderson/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/property-rights-and-the-ucla-school-of-economics-with-david-henderson/#comments Thu, 20 Nov 2025 12:48:39 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/512035a7-328b-3180-851e-c67295ed20a1 Jon Hartley and David Henderson discuss David’s career as an economist, the role of property rights and market competition in economic growth, as well as the UCLA School of Economics, Armen Alchian, Harold Demsetz, and the New Institutional Economics.

Recorded on November 15, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and David Henderson discuss David’s career as an economist, the role of property rights and market competition in economic growth, as well as the UCLA School of Economics, Armen Alchian, Harold Demsetz, and the New Institutional Economics.

Recorded on November 15, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 2388 64 full George Tavlas on the History of Monetarism | Hoover Institution George Tavlas on the History of Monetarism | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/george-tavlas-on-the-history-of-monetarism-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/george-tavlas-on-the-history-of-monetarism-hoover-institution/#comments Thu, 06 Nov 2025 08:00:00 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/722def98-b5df-3b76-af48-624fae70403d Jon Hartley and George Tavlas discuss George’s career as an economist, including as a central banker at the Bank of Greece, the history of monetarism (including George’s new book The Monetarists), Milton Friedman, and the evolution of central banking over the past decades, including its decline since the 1980s, and its renewed post-pandemic interest.

Recorded on August 29, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and George Tavlas discuss George’s career as an economist, including as a central banker at the Bank of Greece, the history of monetarism (including George’s new book The Monetarists), Milton Friedman, and the evolution of central banking over the past decades, including its decline since the 1980s, and its renewed post-pandemic interest.

Recorded on August 29, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3272 63 full Cliff Asness on Factor Investing and the History of Financial Economics | Hoover Institution Cliff Asness on Factor Investing and the History of Financial Economics | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/cliff-asness-on-factor-investing-and-the-history-of-financial-economics-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/cliff-asness-on-factor-investing-and-the-history-of-financial-economics-hoover-institution/#comments Thu, 23 Oct 2025 08:00:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/2c0a2ad9-5526-31dd-95b8-061f8d853b8b Jon Hartley and Cliff Asness discuss his time as a graduate student under Eugene Fama at the University of Chicago, his career at Goldman Sachs, and founding AQR, factor-based investing (value and momentum), the efficient markets hypothesis, the elastic markets hypothesis, the inelastic markets hypothesis, comparisons between private equity and public equity returns, and more.

Recorded on August 27, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Cliff Asness discuss his time as a graduate student under Eugene Fama at the University of Chicago, his career at Goldman Sachs, and founding AQR, factor-based investing (value and momentum), the efficient markets hypothesis, the elastic markets hypothesis, the inelastic markets hypothesis, comparisons between private equity and public equity returns, and more.

Recorded on August 27, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 4765 62 full Jay Bhattacharya on the NIH as An Innovation Accelerator | Hoover Institution Jay Bhattacharya on the NIH as An Innovation Accelerator | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/jay-bhattacharya-on-the-nih-as-an-innovation-accelerator-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/jay-bhattacharya-on-the-nih-as-an-innovation-accelerator-hoover-institution/#comments Mon, 13 Oct 2025 08:00:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/b76ed0a7-0ebc-3044-894e-ed203d8dec43 Jon Hartley and Jay Bhattacharya discuss Jay Bhattacharya’s vision for the National Institutes of Health (NIH), running the NIH as an innovation accelerator, replication in the sciences, measuring scientist productivity, and the new NIH policy reducing animal testing.

Recorded on August 27, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Jay Bhattacharya discuss Jay Bhattacharya’s vision for the National Institutes of Health (NIH), running the NIH as an innovation accelerator, replication in the sciences, measuring scientist productivity, and the new NIH policy reducing animal testing.

Recorded on August 27, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 4212 61 full Art Laffer on Tax Policy and the 50-Year History of the Laffer Curve | Hoover Institution Art Laffer on Tax Policy and the 50-Year History of the Laffer Curve | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/art-laffer-on-tax-policy-and-the-50-year-history-of-the-laffer-curve-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/art-laffer-on-tax-policy-and-the-50-year-history-of-the-laffer-curve-hoover-institution/#comments Thu, 25 Sep 2025 08:00:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/746a03ee-b061-3254-b81f-603c58c3658b Jon Hartley and Arthur Laffer discuss his origins as an economist, including his relationships with George Shultz and Milton Friedman, the 50-year history of the Laffer Curve, the shape of the Laffer Curve, the effects of the Tax Cuts and Jobs Act on fixed investment and revenue, and much more.

Recorded on August 12, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Arthur Laffer discuss his origins as an economist, including his relationships with George Shultz and Milton Friedman, the 50-year history of the Laffer Curve, the shape of the Laffer Curve, the effects of the Tax Cuts and Jobs Act on fixed investment and revenue, and much more.

Recorded on August 12, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3948 60 full Federal Reserve Board Governor Chris Waller on Monetary Policy and Payments | Hoover Institution Federal Reserve Board Governor Chris Waller on Monetary Policy and Payments | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/federal-reserve-board-governor-chris-waller-on-monetary-policy-and-payments-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/federal-reserve-board-governor-chris-waller-on-monetary-policy-and-payments-hoover-institution/#comments Thu, 11 Sep 2025 08:00:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/80c6caa1-28c7-301e-ace2-8e5002302cb5 Jon Hartley and Christopher Waller discuss monetary policy at the Fed, r-star, and the stance of monetary policy, the 2025 Federal Reserve framework review, quantitative easing and the size of the Fed balance sheet, the early 2020s inflation, and how payments are evolving since the passage of the GENIUS Act.

Recorded on August 28, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Christopher Waller discuss monetary policy at the Fed, r-star, and the stance of monetary policy, the 2025 Federal Reserve framework review, quantitative easing and the size of the Fed balance sheet, the early 2020s inflation, and how payments are evolving since the passage of the GENIUS Act.

Recorded on August 28, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 1788 59 full Harvard Law's Cass Sunstein on Nudges, Behavioral Economics, Constitutional Law, and Liberalism | Hoover Institution Harvard Law's Cass Sunstein on Nudges, Behavioral Economics, Constitutional Law, and Liberalism | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/harvard-laws-cass-sunstein-on-nudges-behavioral-economics-constitutional-law-and-liberalism/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/harvard-laws-cass-sunstein-on-nudges-behavioral-economics-constitutional-law-and-liberalism/#comments Thu, 21 Aug 2025 08:45:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/5327e411-3981-3690-ac3e-7b35ea550442 Jon Hartley and Cass Sunstein discuss the current state as of 2025 of behavioral economics and ideas presented in Nudge (such as government nudge units), administrative law and regulation (cost-benefit analysis and regulatory budgets), Constitutional Law and separation of powers, political philosophy and liberalism.

Recorded on August 12, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Cass Sunstein discuss the current state as of 2025 of behavioral economics and ideas presented in Nudge (such as government nudge units), administrative law and regulation (cost-benefit analysis and regulatory budgets), Constitutional Law and separation of powers, political philosophy and liberalism.

Recorded on August 12, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3238 58 full Liz Truss (Former UK Prime Minister) on Politics and the Economy in the United Kingdom | Hoover Institution Liz Truss (Former UK Prime Minister) on Politics and the Economy in the United Kingdom | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/liz-truss-former-uk-prime-minister-on-politics-and-the-economy-in-the-united-kingdom/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/liz-truss-former-uk-prime-minister-on-politics-and-the-economy-in-the-united-kingdom/#comments Thu, 07 Aug 2025 10:53:01 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/90d3d0e2-4abd-3061-818b-fee1efb7e502 Jon Hartley and Liz Truss discuss the former UK Prime Minister’s upbringing and her early interest in economics and politics, her pro-growth policy vision for the United Kingdom, her premiership and the 2022 UK gilt crisis, the state of free speech in the UK and the anglosphere, the Starmer Labour government, the role of the UK and its allies in the world amidst the rise of China, and the future direction of politics and the economy in the UK.

Recorded on July 21, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Liz Truss discuss the former UK Prime Minister’s upbringing and her early interest in economics and politics, her pro-growth policy vision for the United Kingdom, her premiership and the 2022 UK gilt crisis, the state of free speech in the UK and the anglosphere, the Starmer Labour government, the role of the UK and its allies in the world amidst the rise of China, and the future direction of politics and the economy in the UK.

Recorded on July 21, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3361 57 full Richard Epstein on Property Rights, Law and Economics | Hoover Institution Richard Epstein on Property Rights, Law and Economics | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/richard-epstein-on-property-rights-law-and-economics-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/richard-epstein-on-property-rights-law-and-economics-hoover-institution/#comments Fri, 25 Jul 2025 10:10:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/ff05b373-8ead-3cca-8333-707245a4eef8 Jon Hartley and Richard Epstein discuss Richard’s career as a legal scholar, the takings clause, state monopoly power, Richard’s property-driven theory of constitutional interpretation (how it contrasts with the originalism of Antonin Scalia and Robert Bork as well as living constitution theories), the Coase theorem, and classical liberalism versus anarcho-capitalism.

Recorded on July 16, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Richard Epstein discuss Richard’s career as a legal scholar, the takings clause, state monopoly power, Richard’s property-driven theory of constitutional interpretation (how it contrasts with the originalism of Antonin Scalia and Robert Bork as well as living constitution theories), the Coase theorem, and classical liberalism versus anarcho-capitalism.

Recorded on July 16, 2025.

ABOUT THE SERIES

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 4001 56 full Inside Financial Regulation: Thomas Hoenig on the Fed, FDIC, and Banking Reform | Hoover Institution Inside Financial Regulation: Thomas Hoenig on the Fed, FDIC, and Banking Reform | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/inside-financial-regulation-thomas-hoenig-on-the-fed-fdic-and-banking-reform-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/inside-financial-regulation-thomas-hoenig-on-the-fed-fdic-and-banking-reform-hoover-institution/#comments Thu, 03 Jul 2025 08:20:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/34ab921f-8031-3010-9640-57e047b186fc Hoover Institution fellow Jon Hartley and former FDIC Vice Chair Thomas Hoenig discuss Tom’s career as an economist, as Vice Chair of the FDIC, President of the Kansas City Fed, topics including the global financial crisis, banking regulation, Glass-Steagall, Too Big To Fail, moral hazard, lender of last resort powers, Basel III, the Dodd-Frank Act, capital requirements, deposit insurance after the Silicon Valley Bank regional banking crisis, and quantitative easing.

Recorded on June 10, 2025.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Hoover Institution fellow Jon Hartley and former FDIC Vice Chair Thomas Hoenig discuss Tom’s career as an economist, as Vice Chair of the FDIC, President of the Kansas City Fed, topics including the global financial crisis, banking regulation, Glass-Steagall, Too Big To Fail, moral hazard, lender of last resort powers, Basel III, the Dodd-Frank Act, capital requirements, deposit insurance after the Silicon Valley Bank regional banking crisis, and quantitative easing.

Recorded on June 10, 2025.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3227 55 full Global Macro Investing And Geoeconomics With Hedge Fund Investor Kyle Bass | Hoover Institution Global Macro Investing And Geoeconomics With Hedge Fund Investor Kyle Bass | Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/global-macro-investing-and-geoeconomics-with-hedge-fund-investor-kyle-bass/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/global-macro-investing-and-geoeconomics-with-hedge-fund-investor-kyle-bass/#comments Thu, 19 Jun 2025 10:30:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/7c885567-cf1c-3b4d-a554-60974d6ce215 Hoover Institution fellow Jon Hartley and hedge fund investor Kyle Bass discuss Kyle’s career and upbringing, the 2000s housing crisis, the 2010s European sovereign debt crisis, the rise and fall of Japan’s economy, China’s rising aggression and decoupling from the US, shifting tides in the Middle East, the sclerosis of Europe, and why the US remains the best place in the world to continue to invest as an innovation hub.

Recorded on June 13, 2025.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Hoover Institution fellow Jon Hartley and hedge fund investor Kyle Bass discuss Kyle’s career and upbringing, the 2000s housing crisis, the 2010s European sovereign debt crisis, the rise and fall of Japan’s economy, China’s rising aggression and decoupling from the US, shifting tides in the Middle East, the sclerosis of Europe, and why the US remains the best place in the world to continue to invest as an innovation hub.

Recorded on June 13, 2025.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3408 54 full Banking Crises, Stablecoin Regulation, And Fed Policy With Randal Quarles Banking Crises, Stablecoin Regulation, And Fed Policy With Randal Quarles https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/banking-crises-stablecoin-regulation-and-fed-policy-with-randal-quarles/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/banking-crises-stablecoin-regulation-and-fed-policy-with-randal-quarles/#comments Thu, 05 Jun 2025 11:33:53 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/2d3b0644-2efd-33c0-8244-be08fd95a83c Jon Hartley and Randal Quarles discuss Randy’s career as a lawyer and in policy (including his time as Federal Reserve Vice Chair for Regulation) and topics such as the global financial crisis, Glass-Steagall, banking regulation, lender of last resort, Basel III, the Dodd-Frank Act, capital requirements, the potential relaxation of Treasuries in the Supplementary Leverage Ratio (SLR), deposit insurance after the Silicon Valley Bank regional banking crisis, and stablecoin regulation.

Recorded on May 29, 2025.

ABOUT THE SPEAKERS:

Randal Quarles is the Chairman and co-founder of The Cynosure Group.  Before founding Cynosure, Mr. Quarles was a long-time partner of the Carlyle Group, where he began the firm’s program of investments in the financial services industry during the 2008 financial crisis.

From October 2017 through October 2021, Mr. Quarles was Vice Chairman of the Federal Reserve System, serving as the system’s first Vice Chairman for Supervision, charged specifically with ensuring stability of the financial sector.  He also served as the Chairman of the Financial Stability Board (“FSB”) from December 2018 until December 2021; a global body established after the Great Financial Crisis to coordinate international efforts to enhance financial stability. In both positions, he played a key role in crafting the US and international response to the economic and financial dislocations of COVID-19, successfully preventing widespread global disruption of the financial system.  As FSB Chairman, he was a regular delegate to the finance ministers’ meetings of the G-7 and G20 Groups of nations and to the Summit meetings of the G20.  As Fed Vice Chair, he was a permanent member of the Federal Open Market Committee, the body that sets monetary policy for the United States.

Earlier in his career, Mr. Quarles was Under Secretary of the U.S. Treasury, where he led the Department’s activities in financial sector and capital markets policy, including coordination of the President’s Working Group on Financial Markets.

Before serving as Under Secretary, Mr. Quarles was Assistant Secretary of the Treasury for International Affairs, where he had a key role in responding to several international crises.  Mr. Quarles was also the U.S. Executive Director of the International Monetary Fund, a member of the Air Transportation Stabilization Board, and a board representative for the Pension Benefit Guaranty Corporation. In earlier public service, he was an integral member of the Treasury team in the George H. W. Bush Administration that developed the governmental response to the savings and loan crisis.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Research Fellow at the UT-Austin Civitas Institute, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon is also the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star, among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper. 

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Randal Quarles discuss Randy’s career as a lawyer and in policy (including his time as Federal Reserve Vice Chair for Regulation) and topics such as the global financial crisis, Glass-Steagall, banking regulation, lender of last resort, Basel III, the Dodd-Frank Act, capital requirements, the potential relaxation of Treasuries in the Supplementary Leverage Ratio (SLR), deposit insurance after the Silicon Valley Bank regional banking crisis, and stablecoin regulation.

Recorded on May 29, 2025.

ABOUT THE SPEAKERS:

Randal Quarles is the Chairman and co-founder of The Cynosure Group.  Before founding Cynosure, Mr. Quarles was a long-time partner of the Carlyle Group, where he began the firm’s program of investments in the financial services industry during the 2008 financial crisis.

From October 2017 through October 2021, Mr. Quarles was Vice Chairman of the Federal Reserve System, serving as the system’s first Vice Chairman for Supervision, charged specifically with ensuring stability of the financial sector.  He also served as the Chairman of the Financial Stability Board (“FSB”) from December 2018 until December 2021; a global body established after the Great Financial Crisis to coordinate international efforts to enhance financial stability. In both positions, he played a key role in crafting the US and international response to the economic and financial dislocations of COVID-19, successfully preventing widespread global disruption of the financial system.  As FSB Chairman, he was a regular delegate to the finance ministers’ meetings of the G-7 and G20 Groups of nations and to the Summit meetings of the G20.  As Fed Vice Chair, he was a permanent member of the Federal Open Market Committee, the body that sets monetary policy for the United States.

Earlier in his career, Mr. Quarles was Under Secretary of the U.S. Treasury, where he led the Department’s activities in financial sector and capital markets policy, including coordination of the President’s Working Group on Financial Markets.

Before serving as Under Secretary, Mr. Quarles was Assistant Secretary of the Treasury for International Affairs, where he had a key role in responding to several international crises.  Mr. Quarles was also the U.S. Executive Director of the International Monetary Fund, a member of the Air Transportation Stabilization Board, and a board representative for the Pension Benefit Guaranty Corporation. In earlier public service, he was an integral member of the Treasury team in the George H. W. Bush Administration that developed the governmental response to the savings and loan crisis.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Research Fellow at the UT-Austin Civitas Institute, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon is also the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star, among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper. 

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 4009 53 full The US Dollar And International Economics With Harvard’s Kenneth Rogoff The US Dollar And International Economics With Harvard’s Kenneth Rogoff https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-us-dollar-and-international-economics-with-harvard-s-kenneth-rogoff/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-us-dollar-and-international-economics-with-harvard-s-kenneth-rogoff/#comments Thu, 22 May 2025 08:06:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/fd20c5f1-7480-3f68-9954-7df20b5b9218 Jon Hartley and Kenneth Rogoff discuss Ken’s career as an academic economist, his time in international economic policy, rising sovereign debt burdens, monetary policy, the legacy of quantitative easing, exchange rate theories, tariffs, and the US dollar's status as the world reserve currency.

Recorded on May 12, 2025.

ABOUT THE SPEAKERS:

Kenneth Rogoff is Thomas D. Cabot Professor at Harvard University. From 2001-2003, Rogoff served as Chief Economist at the International Monetary Fund. His 2009 book with Carmen Reinhart, This Time is Different: Eight Centuries of Financial Folly, has been very widely cited by academics, policymakers, and journalists. One regularity that Reinhart and Rogoff illustrate is the remarkable quantitative similarities across time and countries in the run-up and the aftermath of severe financial crises. In general, they show that for financial crises, the differences between emerging markets and advanced countries are far less pronounced than previously believed. Rogoff is also known for his seminal work on exchange rates and on central bank independence. His treatise, Foundations of International Macroeconomics (joint with Maurice Obstfeld), is the standard graduate text in the field worldwide. His monthly syndicated column on global economic issues is published in over 50 countries. He serves on the Economic Advisory Panel of the New York Federal Reserve. He is a member of the Council on Foreign Relations. Rogoff is an elected member of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Group of Thirty. Rogoff is among the top ten on RePEc’s ranking of economists by scholarly citations. He is also an international grandmaster of chess.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Research Fellow at the UT-Austin Civitas Institute, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon is also the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star, among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper. 

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley and Kenneth Rogoff discuss Ken’s career as an academic economist, his time in international economic policy, rising sovereign debt burdens, monetary policy, the legacy of quantitative easing, exchange rate theories, tariffs, and the US dollar's status as the world reserve currency.

Recorded on May 12, 2025.

ABOUT THE SPEAKERS:

Kenneth Rogoff is Thomas D. Cabot Professor at Harvard University. From 2001-2003, Rogoff served as Chief Economist at the International Monetary Fund. His 2009 book with Carmen Reinhart, This Time is Different: Eight Centuries of Financial Folly, has been very widely cited by academics, policymakers, and journalists. One regularity that Reinhart and Rogoff illustrate is the remarkable quantitative similarities across time and countries in the run-up and the aftermath of severe financial crises. In general, they show that for financial crises, the differences between emerging markets and advanced countries are far less pronounced than previously believed. Rogoff is also known for his seminal work on exchange rates and on central bank independence. His treatise, Foundations of International Macroeconomics (joint with Maurice Obstfeld), is the standard graduate text in the field worldwide. His monthly syndicated column on global economic issues is published in over 50 countries. He serves on the Economic Advisory Panel of the New York Federal Reserve. He is a member of the Council on Foreign Relations. Rogoff is an elected member of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Group of Thirty. Rogoff is among the top ten on RePEc’s ranking of economists by scholarly citations. He is also an international grandmaster of chess.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Research Fellow at the UT-Austin Civitas Institute, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon is also the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star, among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper. 

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information about the podcast, or subscribe for the next episode, click here.

]]> Jon Hartley false No 3601 52 full Fiscal Scoring with Congressional Budget Office Director Phillip Swagel Fiscal Scoring with Congressional Budget Office Director Phillip Swagel https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/fiscal-scoring-with-congressional-budget-office-director-phillip-swagel/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/fiscal-scoring-with-congressional-budget-office-director-phillip-swagel/#comments Thu, 24 Apr 2025 08:06:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/7a6697b5-160d-3507-9cd8-dc2998977e05 Jon Hartley and Phillip Swagel discuss Phill’s career as an academic economist, his time in economic policy, why the CBO is important in the budget policy process, current law versus current policy baselines, dynamic scoring versus static scoring, the accuracy of CBO scores, CBO modeling, as well as CBO model transparency.

Recorded on March 18, 2025.

ABOUT THE SPEAKERS:

Phillip Swagel became the 10th Director of the Congressional Budget Office on June 3, 2019. Previously, he was a professor at the University of Maryland’s School of Public Policy and a visiting scholar at the American Enterprise Institute and the Milken Institute. He has also taught at Northwestern University, the University of Chicago’s Booth School of Business, and Georgetown University. His research has involved financial market reform, international trade policy, and China’s role in the global economy. From 2006 to 2009, Dr. Swagel was Assistant Secretary for Economic Policy at the Treasury Department, where he was responsible for analysis of a wide range of economic issues, including policies relating to the financial crisis and the Troubled Asset Relief Program. He has also served as chief of staff and senior economist at the Council of Economic Advisers in the White House and as an economist at the Federal Reserve Board and the International Monetary Fund. He earned his Ph.D. in economics from Harvard University and his A.B. in economics from Princeton University.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Phillip Swagel discuss Phill’s career as an academic economist, his time in economic policy, why the CBO is important in the budget policy process, current law versus current policy baselines, dynamic scoring versus static scoring, the accuracy of CBO scores, CBO modeling, as well as CBO model transparency.

Recorded on March 18, 2025.

ABOUT THE SPEAKERS:

Phillip Swagel became the 10th Director of the Congressional Budget Office on June 3, 2019. Previously, he was a professor at the University of Maryland’s School of Public Policy and a visiting scholar at the American Enterprise Institute and the Milken Institute. He has also taught at Northwestern University, the University of Chicago’s Booth School of Business, and Georgetown University. His research has involved financial market reform, international trade policy, and China’s role in the global economy. From 2006 to 2009, Dr. Swagel was Assistant Secretary for Economic Policy at the Treasury Department, where he was responsible for analysis of a wide range of economic issues, including policies relating to the financial crisis and the Troubled Asset Relief Program. He has also served as chief of staff and senior economist at the Council of Economic Advisers in the White House and as an economist at the Federal Reserve Board and the International Monetary Fund. He earned his Ph.D. in economics from Harvard University and his A.B. in economics from Princeton University.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley false No 3406 51 full Revisiting Empirical Macroeconomics with Robert Barro (Harvard Economics Professor) Revisiting Empirical Macroeconomics with Robert Barro (Harvard Economics Professor) https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/empirical-macroeconomics-with-robert-barro-harvard-economic-professor/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/empirical-macroeconomics-with-robert-barro-harvard-economic-professor/#comments Fri, 11 Apr 2025 13:05:04 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/79fee8f0-a917-36e0-9881-70b9bd5ad2c6 Jon Hartley and Robert Barro discuss Robert’s career in economics including his long list of famous students, and research on Ricardian equivalence, fiscal theory of the price level, government spending multipliers, business cycles and the legacy of New Keynesian modeling, economic growth, political economy, the interplay between religion and economics, and much more.

Recorded on March 18, 2025.

ABOUT THE SPEAKERS:

Robert J. Barro is a Paul M. Warburg Professor of Economics at Harvard University, a visiting scholar at the American Enterprise Institute, and a research associate of the National Bureau of Economic Research. He has a Ph.D. in economics from Harvard University and a B.S. in physics from Caltech.

Barro is co-editor of Harvard’s Quarterly Journal of Economics and has been President of the Western Economic Association and Vice President of the American Economic Association.

He was a viewpoint columnist for Business Week from 1998 to 2006 and a contributing editor of The Wall Street Journal from 1991 to 1998. He has written extensively on macroeconomics and economic growth.

Recent research involves rare macroeconomic disasters, corporate tax reform, religion & economy, empirical determinants of economic growth, and economic effects of public debt and budget deficits. Recent books include The Wealth of Religions: The Political Economy of Believing and Belonging (with Rachel M. McCleary), Economic Growth (2nd edition, with Xavier Sala-i-Martin), Nothing Is Sacred: Economic Ideas for the New Millennium, Determinants of Economic Growth, and Getting It Right: Markets and Choices in a Free Society.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Robert Barro discuss Robert’s career in economics including his long list of famous students, and research on Ricardian equivalence, fiscal theory of the price level, government spending multipliers, business cycles and the legacy of New Keynesian modeling, economic growth, political economy, the interplay between religion and economics, and much more.

Recorded on March 18, 2025.

ABOUT THE SPEAKERS:

Robert J. Barro is a Paul M. Warburg Professor of Economics at Harvard University, a visiting scholar at the American Enterprise Institute, and a research associate of the National Bureau of Economic Research. He has a Ph.D. in economics from Harvard University and a B.S. in physics from Caltech.

Barro is co-editor of Harvard’s Quarterly Journal of Economics and has been President of the Western Economic Association and Vice President of the American Economic Association.

He was a viewpoint columnist for Business Week from 1998 to 2006 and a contributing editor of The Wall Street Journal from 1991 to 1998. He has written extensively on macroeconomics and economic growth.

Recent research involves rare macroeconomic disasters, corporate tax reform, religion & economy, empirical determinants of economic growth, and economic effects of public debt and budget deficits. Recent books include The Wealth of Religions: The Political Economy of Believing and Belonging (with Rachel M. McCleary), Economic Growth (2nd edition, with Xavier Sala-i-Martin), Nothing Is Sacred: Economic Ideas for the New Millennium, Determinants of Economic Growth, and Getting It Right: Markets and Choices in a Free Society.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Robert Barro discuss Robert’s career in economics including his long list of famous students, and research on Ricardian equivalence, fiscal theory of the price level, government spending multipliers, business cycles and the legacy of New Keynesian modeling, economic growth, political economy, the interplay between religion and economics, and much more. Jon Hartley false No 3462 50 full The Efficient Markets Hypothesis and Modern Finance with Nobel Prize Winner Eugene Fama The Efficient Markets Hypothesis and Modern Finance with Nobel Prize Winner Eugene Fama https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-efficient-markets-hypothesis-and-modern-finance-with-nobel-prize-winner-eugene-fama/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-efficient-markets-hypothesis-and-modern-finance-with-nobel-prize-winner-eugene-fama/#comments Tue, 25 Mar 2025 11:30:35 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/5656dcd1-b7a1-3dd6-955d-b642579d9d39 Jon Hartley and Eugene Fama discuss Gene’s career at the University of Chicago Booth School of Business since the 1960s and helping to start Dimensional Fund Advisers (DFA) in the 1980s, fat tails, the rise of modern portfolio theory, efficient markets versus behavioral finance, factor-based investing, the role of intermediaries, and whether asset prices are elastic versus inelastic with respect to demand.

Recorded on March 14, 2025.

ABOUT THE SPEAKERS:

Eugene F. Fama, 2013 Nobel laureate in economic sciences, is widely recognized as the "father of modern finance." His research is well-known in both the academic and investment communities. He is strongly identified with research on markets, particularly the efficient markets hypothesis. He focuses much of his research on the relation between risk and expected return and its implications for portfolio management. His work has transformed the way finance is viewed and conducted.

Fama is a prolific author, having written two books and published more than 100 articles in academic journals. He is among the most cited researchers in economics.

In addition to the Nobel Prize in Economic Sciences, Fama was the first elected fellow of the American Finance Association in 2001. He is also a fellow of the Econometric Society and the American Academy of Arts and Sciences. He was the first recipient of three major prizes in finance: the Deutsche Bank Prize in Financial Economics (2005), the Morgan Stanley American Finance Association Award for Excellence in Finance (2007), and the Onassis Prize in Finance (2009). Other awards include the 1982 Chaire Francqui (Belgian National Science Prize), the 2006 Nicholas Molodovsky Award from the CFA Institute recognizing his work in portfolio theory and asset pricing, and the 2007 Fred Arditti Innovation Award given by the Chicago Mercantile Exchange Center for Innovation. He was awarded doctor of law degrees by the University of Rochester and DePaul University, a doctor honoris causa by the Catholic University of Leuven, Belgium, and a doctor of science honoris causa by Tufts University.

Fama earned a bachelor's degree from Tufts University in 1960, followed by an MBA and PhD from the University of Chicago Graduate School of Business (now the Booth School) in 1964. He joined the GSB faculty in 1963.

Fama is a father of four and a grandfather of ten. He is an avid golfer, an opera buff, and a former windsurfer and tennis player. He is a member of Malden Catholic High School's athletic hall of fame.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Eugene Fama discuss Gene’s career at the University of Chicago Booth School of Business since the 1960s and helping to start Dimensional Fund Advisers (DFA) in the 1980s, fat tails, the rise of modern portfolio theory, efficient markets versus behavioral finance, factor-based investing, the role of intermediaries, and whether asset prices are elastic versus inelastic with respect to demand.

Recorded on March 14, 2025.

ABOUT THE SPEAKERS:

Eugene F. Fama, 2013 Nobel laureate in economic sciences, is widely recognized as the "father of modern finance." His research is well-known in both the academic and investment communities. He is strongly identified with research on markets, particularly the efficient markets hypothesis. He focuses much of his research on the relation between risk and expected return and its implications for portfolio management. His work has transformed the way finance is viewed and conducted.

Fama is a prolific author, having written two books and published more than 100 articles in academic journals. He is among the most cited researchers in economics.

In addition to the Nobel Prize in Economic Sciences, Fama was the first elected fellow of the American Finance Association in 2001. He is also a fellow of the Econometric Society and the American Academy of Arts and Sciences. He was the first recipient of three major prizes in finance: the Deutsche Bank Prize in Financial Economics (2005), the Morgan Stanley American Finance Association Award for Excellence in Finance (2007), and the Onassis Prize in Finance (2009). Other awards include the 1982 Chaire Francqui (Belgian National Science Prize), the 2006 Nicholas Molodovsky Award from the CFA Institute recognizing his work in portfolio theory and asset pricing, and the 2007 Fred Arditti Innovation Award given by the Chicago Mercantile Exchange Center for Innovation. He was awarded doctor of law degrees by the University of Rochester and DePaul University, a doctor honoris causa by the Catholic University of Leuven, Belgium, and a doctor of science honoris causa by Tufts University.

Fama earned a bachelor's degree from Tufts University in 1960, followed by an MBA and PhD from the University of Chicago Graduate School of Business (now the Booth School) in 1964. He joined the GSB faculty in 1963.

Fama is a father of four and a grandfather of ten. He is an avid golfer, an opera buff, and a former windsurfer and tennis player. He is a member of Malden Catholic High School's athletic hall of fame.

Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley false No 3330 49 full Monetary Policy and the Indian Economy with Raghuram Rajan (former Governor of Reserve Bank of India) Monetary Policy and the Indian Economy with Raghuram Rajan (former Governor of Reserve Bank of India) https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/monetary-policy-and-the-indian-economy-with-raghuram-rajan-former-governor-of-reserve-bank-of-india/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/monetary-policy-and-the-indian-economy-with-raghuram-rajan-former-governor-of-reserve-bank-of-india/#comments Thu, 13 Mar 2025 07:51:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/c53f1ff8-969d-36f4-915e-ee2de8267efb Jon Hartley and Raghuram Rajan discuss Raghu’s research, his policy career including his time as the Governor of the Reserve Bank of India and the Chief Economic Adviser to the Government of India under Prime Minister Manmohan Singh, India adopting inflation targeting during his tenure, Rajan predicting the 2008 financial crisis, and economic growth in India, the legacy of his book Saving Capitalism from the Capitalists among many other topics.

Recorded on February 19, 2025.

ABOUT THE SPEAKERS:

Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Between 2003 and 2006, Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund.

Dr. Rajan’s research interests are in banking, corporate finance, and economic development. The books he has written include Breaking the Mold: Reimagining India's Economic Future with Rohit Lamba,  The Third Pillar: How the State and Markets hold the Community Behind 2019 which was a finalist for the Financial Times Business Book of the Year prize and Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times prize for Business Book of the Year in 2010.

Dr. Rajan is a member of the Group of Thirty. He was the President of the American Finance Association in 2011 and is a member of the American Academy of Arts and Sciences. In January 2003, the American Finance Association awarded Dr. Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40. The other awards he has received include the Infosys Prize for the Economic Sciences in 2012, the Deutsche Bank Prize for Financial Economics in 2013, Euromoney Central Banker Governor of the Year 2014, and Banker Magazine (FT Group) Central Bank Governor of the Year 2016. Dr. Rajan is the Chairman of the Per Jacobsson Foundation, the senior economic advisor to BDT Capital, and a managing director at Andersen Tax.

Jon Hartley is a policy fellow, the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Raghuram Rajan discuss Raghu’s research, his policy career including his time as the Governor of the Reserve Bank of India and the Chief Economic Adviser to the Government of India under Prime Minister Manmohan Singh, India adopting inflation targeting during his tenure, Rajan predicting the 2008 financial crisis, and economic growth in India, the legacy of his book Saving Capitalism from the Capitalists among many other topics.

Recorded on February 19, 2025.

ABOUT THE SPEAKERS:

Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Between 2003 and 2006, Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund.

Dr. Rajan’s research interests are in banking, corporate finance, and economic development. The books he has written include Breaking the Mold: Reimagining India's Economic Future with Rohit Lamba,  The Third Pillar: How the State and Markets hold the Community Behind 2019 which was a finalist for the Financial Times Business Book of the Year prize and Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times prize for Business Book of the Year in 2010.

Dr. Rajan is a member of the Group of Thirty. He was the President of the American Finance Association in 2011 and is a member of the American Academy of Arts and Sciences. In January 2003, the American Finance Association awarded Dr. Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40. The other awards he has received include the Infosys Prize for the Economic Sciences in 2012, the Deutsche Bank Prize for Financial Economics in 2013, Euromoney Central Banker Governor of the Year 2014, and Banker Magazine (FT Group) Central Bank Governor of the Year 2016. Dr. Rajan is the Chairman of the Per Jacobsson Foundation, the senior economic advisor to BDT Capital, and a managing director at Andersen Tax.

Jon Hartley is a policy fellow, the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley false No 2555 48 full Consumer Sentiment, Junk Fees, Medical Debt, and the Future of Economic Policy with Neale Mahoney Consumer Sentiment, Junk Fees, Medical Debt, and the Future of Economic Policy with Neale Mahoney https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/consumer-sentiment-junk-fees-medical-debt-and-the-future-of-economic-policy-with-neale-mahoney/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/consumer-sentiment-junk-fees-medical-debt-and-the-future-of-economic-policy-with-neale-mahoney/#comments Fri, 28 Feb 2025 10:50:56 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/44c309a6-bedd-3996-aa94-7ac8a158b760 Jon Hartley and Neale Mahoney (Stanford Economics Professor) discuss Neale’s career, Neale’s research on consumer sentiment, junk fees, and medical debt, as well as Neale’s time in the Biden Administration National Economic Council and the future of economic policy.

Recorded on January 8, 2025. 

ABOUT THE SPEAKERS:

Neale Mahoney is the Trione Director of Stanford Institute for Economic Policy Research (SIEPR), a Professor of Economics at Stanford University, the George P. Shultz Fellow at SIEPR, a Research Associate at the National Bureau of Economic Research, and an Affiliated Professor at J-PAL. In 2022-2023, he was a Special Policy Advisor for Economic Policy in the White House National Economic Council.

Mahoney is an applied micro-economist with an interest in healthcare and consumer financial markets. He is a member of the Consumer Financial Protection Bureau (CFPB) Academic Research Council. He received the ASHEcon Medal in 2021 (given to an economist age 40 or under who has made the most significant contributions to the field of health economics) and a Sloan Research Fellowship in 2016. 

Before joining Stanford, Mahoney was a professor of Economics and David G. Booth Faculty Fellow at the University of Chicago Booth School of Business. He was also a Robert Wood Johnson Fellow in health policy research at Harvard University and worked for the Obama Administration on healthcare reform. Mahoney received a PhD and MA in economics from Stanford University and an ScB in applied mathematics-economics from Brown University.

Follow Neale Mahoney on X: @nealemahoney

Jon Hartley is a policy fellow, the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Neale Mahoney (Stanford Economics Professor) discuss Neale’s career, Neale’s research on consumer sentiment, junk fees, and medical debt, as well as Neale’s time in the Biden Administration National Economic Council and the future of economic policy.

Recorded on January 8, 2025. 

ABOUT THE SPEAKERS:

Neale Mahoney is the Trione Director of Stanford Institute for Economic Policy Research (SIEPR), a Professor of Economics at Stanford University, the George P. Shultz Fellow at SIEPR, a Research Associate at the National Bureau of Economic Research, and an Affiliated Professor at J-PAL. In 2022-2023, he was a Special Policy Advisor for Economic Policy in the White House National Economic Council.

Mahoney is an applied micro-economist with an interest in healthcare and consumer financial markets. He is a member of the Consumer Financial Protection Bureau (CFPB) Academic Research Council. He received the ASHEcon Medal in 2021 (given to an economist age 40 or under who has made the most significant contributions to the field of health economics) and a Sloan Research Fellowship in 2016. 

Before joining Stanford, Mahoney was a professor of Economics and David G. Booth Faculty Fellow at the University of Chicago Booth School of Business. He was also a Robert Wood Johnson Fellow in health policy research at Harvard University and worked for the Obama Administration on healthcare reform. Mahoney received a PhD and MA in economics from Stanford University and an ScB in applied mathematics-economics from Brown University.

Follow Neale Mahoney on X: @nealemahoney

Jon Hartley is a policy fellow, the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Neale Mahoney (Stanford Economics Professor) discuss Neale’s career, Neale’s research on consumer sentiment, junk fees, and medical debt, as well as Neale’s time in the Biden Administration National Economic Council and the future of economic policy. Jon Hartley false No 2861 47 full US Monetary Policy, Inflation, and Labor Markets with Adriana Kugler (Federal Reserve Governor) US Monetary Policy, Inflation, and Labor Markets with Adriana Kugler (Federal Reserve Governor) https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/us-monetary-policy-inflation-and-labor-markets-with-adriana-kugler-federal-reserve-governor/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/us-monetary-policy-inflation-and-labor-markets-with-adriana-kugler-federal-reserve-governor/#comments Tue, 11 Feb 2025 12:32:46 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/11e70858-54b1-3d1d-a689-7bb423fe423c Jon Hartley and Federal Reserve Governor Adriana Kugler discuss the stance of monetary policy, the Federal Reserve balance sheet, the natural rate of interest (r-star), inflation, labor markets, productivity, entrepreneurship, the US economy, and the recent growth in Miami.

Recorded on February 7, 2025.

ABOUT THE SPEAKERS:

Dr. Adriana D. Kugler took office as a member of the Board of Governors of the Federal Reserve System on September 13, 2023, to fill an unexpired term ending January 31, 2026.

Prior to her appointment on the Board, Dr. Kugler served as the U.S. Executive Director at the World Bank Group. She is on leave from Georgetown University where she is a professor of Public Policy and Economics and was vice provost for faculty.

Previously, she served as chief economist at the U.S. Department of Labor from 2011 to 2013. Dr. Kugler was also a research associate of the National Bureau of Economic Research and of the Center for the Study of Poverty and Inequality at Stanford University.

Dr. Kugler's other professional appointments include being the elected chair of the Business and Economics Statistics Section of the American Statistical Association. She was also a member of the Board on Science, Technology, and Economic Policy of the National Academies of Sciences and served on the Technical Advisory Committee of the Bureau of Labor Statistics.

Dr. Kugler received a BA in economics and political science from McGill University and a PhD in economics from the University of California, Berkeley.

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Federal Reserve Governor Adriana Kugler discuss the stance of monetary policy, the Federal Reserve balance sheet, the natural rate of interest (r-star), inflation, labor markets, productivity, entrepreneurship, the US economy, and the recent growth in Miami.

Recorded on February 7, 2025.

ABOUT THE SPEAKERS:

Dr. Adriana D. Kugler took office as a member of the Board of Governors of the Federal Reserve System on September 13, 2023, to fill an unexpired term ending January 31, 2026.

Prior to her appointment on the Board, Dr. Kugler served as the U.S. Executive Director at the World Bank Group. She is on leave from Georgetown University where she is a professor of Public Policy and Economics and was vice provost for faculty.

Previously, she served as chief economist at the U.S. Department of Labor from 2011 to 2013. Dr. Kugler was also a research associate of the National Bureau of Economic Research and of the Center for the Study of Poverty and Inequality at Stanford University.

Dr. Kugler's other professional appointments include being the elected chair of the Business and Economics Statistics Section of the American Statistical Association. She was also a member of the Board on Science, Technology, and Economic Policy of the National Academies of Sciences and served on the Technical Advisory Committee of the Bureau of Labor Statistics.

Dr. Kugler received a BA in economics and political science from McGill University and a PhD in economics from the University of California, Berkeley.

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Federal Reserve Governor Adriana Kugler discuss the stance of monetary policy, the Federal Reserve balance sheet, the natural rate of interest (r-star), inflation, labor markets, productivity, entrepreneurship, the US economy, and the recent growth in Miami. Jon Hartley false No 1895 46 full Productivity, Innovation, and the New American Golden Age with Joe Lonsdale Productivity, Innovation, and the New American Golden Age with Joe Lonsdale https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/productivity-innovation-and-the-new-american-golden-age-with-joe-lonsdale/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/productivity-innovation-and-the-new-american-golden-age-with-joe-lonsdale/#comments Thu, 06 Feb 2025 08:55:00 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/0017dbfb-2824-331c-a8a9-2133da3fdfe2 Jon Hartley and Joe Lonsdale discuss Joe’s career, co-founding Palantir, Addepar, and OpenGov, venture capital investing, defense tech, DOGE, Elon Musk, regulation, and the prospects for generative artificial intelligence.

Recorded on December 12, 2024.

ABOUT THE SPEAKERS:

Joe Lonsdale is the founder and managing Partner at 8VC, an early-stage venture capital firm managing over $6 billion in capital. In 2003, he founded Palantir Technologies (NYSE:PLTR), a global software company known for its work supporting US and its allies’ defense and intelligence. Since then, he has founded more than a dozen prominent companies, including Addepar, a wealth management platform with about $5 trillion, and OpenGov, the leading cloud software provider for local governments. He continues to create and scale companies through the 8VC Build program. 

As an investor, Joe was an early backer of companies like Anduril Industries, Oculus (acq.FB), Guardant Health (NASDAQ:GH), Oscar (NYSE:OSCR), Illumio, Wish (NASDAQ:WISH), JoyTunes, Blend (NYSE:BLND), Flexport, Joby Aviation (NYSE:JOBY), Orca Bio, Qualia, Synthego, RelateIQ (acq. CRM), Yugabyte, and others. 

Joe and his wife Tayler are active in a variety of philanthropic and institutional pursuits. In 2018, they founded the non-partisan Cicero Institute, which crafts and advances policies to promote effective and accountable governance, and is now successfully battling special interests with teams in over a dozen states. In 2021, Joe became the founding chairman of the board of the University of Austin(UATX), a new university dedicated to restoring the pursuit of truth in higher education. He also sits on the board of the Ronald Reagan Presidential Foundation & Institute. ​ 

Joe, Tayler, and their four daughters live in Austin, TX.

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Joe Lonsdale discuss Joe’s career, co-founding Palantir, Addepar, and OpenGov, venture capital investing, defense tech, DOGE, Elon Musk, regulation, and the prospects for generative artificial intelligence.

Recorded on December 12, 2024.

ABOUT THE SPEAKERS:

Joe Lonsdale is the founder and managing Partner at 8VC, an early-stage venture capital firm managing over $6 billion in capital. In 2003, he founded Palantir Technologies (NYSE:PLTR), a global software company known for its work supporting US and its allies’ defense and intelligence. Since then, he has founded more than a dozen prominent companies, including Addepar, a wealth management platform with about $5 trillion, and OpenGov, the leading cloud software provider for local governments. He continues to create and scale companies through the 8VC Build program. 

As an investor, Joe was an early backer of companies like Anduril Industries, Oculus (acq.FB), Guardant Health (NASDAQ:GH), Oscar (NYSE:OSCR), Illumio, Wish (NASDAQ:WISH), JoyTunes, Blend (NYSE:BLND), Flexport, Joby Aviation (NYSE:JOBY), Orca Bio, Qualia, Synthego, RelateIQ (acq. CRM), Yugabyte, and others. 

Joe and his wife Tayler are active in a variety of philanthropic and institutional pursuits. In 2018, they founded the non-partisan Cicero Institute, which crafts and advances policies to promote effective and accountable governance, and is now successfully battling special interests with teams in over a dozen states. In 2021, Joe became the founding chairman of the board of the University of Austin(UATX), a new university dedicated to restoring the pursuit of truth in higher education. He also sits on the board of the Ronald Reagan Presidential Foundation & Institute. ​ 

Joe, Tayler, and their four daughters live in Austin, TX.

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Joe Lonsdale discuss Joe’s career, co-founding Palantir, Addepar, and OpenGov, venture capital investing, defense tech, DOGE, Elon Musk, regulation, and the prospects for generative artificial intelligence. Jon Hartley false No 3893 45 full Tariffs and US Trade Policy History with Douglas Irwin (Dartmouth Economics Professor) Tariffs and US Trade Policy History with Douglas Irwin (Dartmouth Economics Professor) https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/tariffs-and-us-trade-policy-history-with-douglas-irwin-dartmouth-economics-professor/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/tariffs-and-us-trade-policy-history-with-douglas-irwin-dartmouth-economics-professor/#comments Fri, 24 Jan 2025 08:55:00 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/6f6232a6-4533-3f66-aefd-78d737babb0d Jon Hartley and Douglas Irwin discuss Doug’s career, the history of US trade policy, tariffs, globalization, the consumer and labor market effects of trade, the World Trade Organization, and industrial policy.

Recorded on January 9, 2025.

ABOUT THE SPEAKERS:

Douglas Irwin is John French Professor of Economics at Dartmouth College. He is the author of Clashing over Commerce: A History of U.S. Trade Policy (University of Chicago Press, 2017), which The Economist and Foreign Affairs selected as one of their Best Books of the Year. He is president-elect of the Economic History Association (2022-23).

He is the author of Free Trade Under Fire (Princeton University Press, fifth edition 2020), Trade Policy Disaster: Lessons from the 1930s (MIT Press, 2012), Peddling Protectionism: Smoot-Hawley and the Great Depression (Princeton University Press, 2011), The Genesis of the GATT (Cambridge University Press, 2008, co-authored with Petros Mavroidis and Alan Sykes), Against the Tide:  An Intellectual History of Free Trade (Princeton University Press, 1996), and many articles on trade policy and economic history in books and professional journals.

He is a Research Associate of the National Bureau of Economic Research and a non-resident Senior Fellow at the Peterson Institute for International Economics. He worked on trade policy issues while on the staff of President Ronald Reagan's Council of Economic Advisers and later worked in the International Finance Division at the Board of Governors of the Federal Reserve System in Washington, D.C. Before joining Dartmouth, Irwin taught at the University of Chicago's Booth School of Business.

Follow Douglas Irwin on X: @D_A_Irwin

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Douglas Irwin discuss Doug’s career, the history of US trade policy, tariffs, globalization, the consumer and labor market effects of trade, the World Trade Organization, and industrial policy.

Recorded on January 9, 2025.

ABOUT THE SPEAKERS:

Douglas Irwin is John French Professor of Economics at Dartmouth College. He is the author of Clashing over Commerce: A History of U.S. Trade Policy (University of Chicago Press, 2017), which The Economist and Foreign Affairs selected as one of their Best Books of the Year. He is president-elect of the Economic History Association (2022-23).

He is the author of Free Trade Under Fire (Princeton University Press, fifth edition 2020), Trade Policy Disaster: Lessons from the 1930s (MIT Press, 2012), Peddling Protectionism: Smoot-Hawley and the Great Depression (Princeton University Press, 2011), The Genesis of the GATT (Cambridge University Press, 2008, co-authored with Petros Mavroidis and Alan Sykes), Against the Tide:  An Intellectual History of Free Trade (Princeton University Press, 1996), and many articles on trade policy and economic history in books and professional journals.

He is a Research Associate of the National Bureau of Economic Research and a non-resident Senior Fellow at the Peterson Institute for International Economics. He worked on trade policy issues while on the staff of President Ronald Reagan's Council of Economic Advisers and later worked in the International Finance Division at the Board of Governors of the Federal Reserve System in Washington, D.C. Before joining Dartmouth, Irwin taught at the University of Chicago's Booth School of Business.

Follow Douglas Irwin on X: @D_A_Irwin

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Douglas Irwin discuss Doug’s career, the history of US trade policy, tariffs, globalization, the consumer and labor market effects of trade, the World Trade Organization, and industrial policy. Jon Hartley false No 3242 44 full Monetary Policy and Central Bank Targets with David Beckworth (Mercatus Senior Research Fellow) Monetary Policy and Central Bank Targets with David Beckworth (Mercatus Senior Research Fellow) https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/monetary-policy-and-central-bank-targets-with-david-beckworth-mercatus-senior-research-fellow/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/monetary-policy-and-central-bank-targets-with-david-beckworth-mercatus-senior-research-fellow/#comments Fri, 10 Jan 2025 08:55:00 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/aa716130-7ef8-30e6-aa04-4d63b2896cf4 Jon Hartley and David Beckworth discuss David’s career, monetary policy, the history of Nominal GDP targeting as an idea along with its benefits and challenges, the history of inflation targeting along with its recent evolution, the Fed’s recent framework reviews, as well as corridor (scarce reserves) versus floor (ample reserves) systems.

Recorded on January 7, 2025.

ABOUT THE SPEAKERS:

David Beckworth is a senior research fellow at the Mercatus Center at George Mason University and director of the Mercatus Center’s monetary policy program. His primary research focuses on the targets, tools, operating system, and governance of the Federal Reserve, and has included work on the US Treasury market, the safe asset shortage, and dollar dominance. He has advised congressional staffers and Fed officials on monetary policy and has been cited by the Wall Street Journal, Financial Times, New York Times, Bloomberg Businessweek, and the Economist. 

Beckworth is also the host of Macro Musings, a weekly podcast on macroeconomics, where, since 2016, he has interviewed hundreds of experts, including regional presidents of the Federal Reserve, Nobel laureates, and leading academics from around the world. He is the author of Boom and Bust Banking: The Causes and Cures of the Great Recession (Independent Institute, 2012). Formerly an international economist at the US Department of the Treasury, he earned his PhD in economics from the University of Georgia. 

Follow David Beckworth on X: DavidBeckworth

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and David Beckworth discuss David’s career, monetary policy, the history of Nominal GDP targeting as an idea along with its benefits and challenges, the history of inflation targeting along with its recent evolution, the Fed’s recent framework reviews, as well as corridor (scarce reserves) versus floor (ample reserves) systems.

Recorded on January 7, 2025.

ABOUT THE SPEAKERS:

David Beckworth is a senior research fellow at the Mercatus Center at George Mason University and director of the Mercatus Center’s monetary policy program. His primary research focuses on the targets, tools, operating system, and governance of the Federal Reserve, and has included work on the US Treasury market, the safe asset shortage, and dollar dominance. He has advised congressional staffers and Fed officials on monetary policy and has been cited by the Wall Street Journal, Financial Times, New York Times, Bloomberg Businessweek, and the Economist. 

Beckworth is also the host of Macro Musings, a weekly podcast on macroeconomics, where, since 2016, he has interviewed hundreds of experts, including regional presidents of the Federal Reserve, Nobel laureates, and leading academics from around the world. He is the author of Boom and Bust Banking: The Causes and Cures of the Great Recession (Independent Institute, 2012). Formerly an international economist at the US Department of the Treasury, he earned his PhD in economics from the University of Georgia. 

Follow David Beckworth on X: DavidBeckworth

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and David Beckworth discuss David’s career, monetary policy, the history of Nominal GDP targeting as an idea along with its benefits and challenges, the history of inflation targeting along with its recent evolution, the Fed’s recent framework reviews, as well as corridor (scarce reserves) versus floor (ample reserves) systems. Jon Hartley false No 2626 43 full Black-Scholes Options Pricing Model And Financial Economics With Nobel Prize Winner Myron Scholes Black-Scholes Options Pricing Model And Financial Economics With Nobel Prize Winner Myron Scholes https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/black-scholes-options-pricing-model-and-financial-economics-with-nobel-prize-winner-myron-scholes/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/black-scholes-options-pricing-model-and-financial-economics-with-nobel-prize-winner-myron-scholes/#comments Thu, 19 Dec 2024 14:04:36 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/64be91ac-bb70-368b-b900-b9df86b719a8 Jon Hartley and Myron Scholes discuss Myron’s career, including being at the University of Chicago at the dawn of financial economics as a field, how Myron met Fischer Black, and the development of the Black-Scholes option pricing model, investing, innovation, and financial regulation.

ABOUT THE SPEAKERS:

Myron Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black-Scholes options pricing model. Scholes was awarded the Nobel Prize in 1997 for his new method of determining the value of derivatives. Scholes is currently the chairman of the board of economic advisers of Stamos Partners. Previously, he served as the chairman of Platinum Grove Asset Management and on the Dimensional Fund Advisors board of directors, American Century Mutual Fund board of directors, and the Cutwater advisory board. He was a principal and limited partner at Long-Term Capital Management, L.P., and a managing director at Salomon Brothers. Other positions Scholes held include the Edward Eagle Brown Professor of Finance at the University of Chicago, senior research fellow at the Hoover Institution, director of the Center for Research in Security Prices, and professor of Finance at MIT’s Sloan School of Management. Scholes earned his PhD at the University of Chicago.

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Myron Scholes discuss Myron’s career, including being at the University of Chicago at the dawn of financial economics as a field, how Myron met Fischer Black, and the development of the Black-Scholes option pricing model, investing, innovation, and financial regulation.

ABOUT THE SPEAKERS:

Myron Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black-Scholes options pricing model. Scholes was awarded the Nobel Prize in 1997 for his new method of determining the value of derivatives. Scholes is currently the chairman of the board of economic advisers of Stamos Partners. Previously, he served as the chairman of Platinum Grove Asset Management and on the Dimensional Fund Advisors board of directors, American Century Mutual Fund board of directors, and the Cutwater advisory board. He was a principal and limited partner at Long-Term Capital Management, L.P., and a managing director at Salomon Brothers. Other positions Scholes held include the Edward Eagle Brown Professor of Finance at the University of Chicago, senior research fellow at the Hoover Institution, director of the Center for Research in Security Prices, and professor of Finance at MIT’s Sloan School of Management. Scholes earned his PhD at the University of Chicago.

Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently an Affiliated Scholar at the Mercatus Center, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Myron Scholes discuss Myron’s career, how Myron met Fischer Black, and the development of the Black-Scholes option pricing model, investing, innovation, and financial regulation. Jon Hartley false No 3366 42 full AI, Tech, Industrial Policy and Baby Equities with Brad Gerstner (Altimeter Capital Founder and CEO) AI, Tech, Industrial Policy and Baby Equities with Brad Gerstner (Altimeter Capital Founder and CEO) https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/ai-tech-industrial-policy-and-baby-equities-with-brad-gerstner-altimeter-capital-founder-and-ceo/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/ai-tech-industrial-policy-and-baby-equities-with-brad-gerstner-altimeter-capital-founder-and-ceo/#comments Tue, 10 Dec 2024 12:04:34 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/903a537b-4fc4-330c-bb26-7d675fe56111 Jon Hartley and Brad Gerstner discuss Brad’s career, free markets, investing in technology, industrial policy, the CHIPS and Science Act, and baby equity investment accounts.

Recorded on November 1, 2024.

ABOUT THE SPEAKERS:

Brad Gerstneris the founder and CEO of Altimeter Capital, a tech investment firm based in Silicon Valley, that manages both public and VC investment portfolios. Started in 2008, Altimeter manages over $15bn of investments across its public equity fund and venture capital funds. Brad is also the founder of Invest America, a non-profit that is spearheading research into the creation of private investment accounts for the 3.7 million children born each year in America, unlocking economic mobility for the next generation. Born in Indiana, he studied at Wabash College, Oxford University, Indiana University School of Law and Harvard Business School. He practiced securities law and served a term as Indiana deputy secretary of state before returning to HBS.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Brad Gerstner discuss Brad’s career, free markets, investing in technology, industrial policy, the CHIPS and Science Act, and baby equity investment accounts.

Recorded on November 1, 2024.

ABOUT THE SPEAKERS:

Brad Gerstneris the founder and CEO of Altimeter Capital, a tech investment firm based in Silicon Valley, that manages both public and VC investment portfolios. Started in 2008, Altimeter manages over $15bn of investments across its public equity fund and venture capital funds. Brad is also the founder of Invest America, a non-profit that is spearheading research into the creation of private investment accounts for the 3.7 million children born each year in America, unlocking economic mobility for the next generation. Born in Indiana, he studied at Wabash College, Oxford University, Indiana University School of Law and Harvard Business School. He practiced securities law and served a term as Indiana deputy secretary of state before returning to HBS.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley false No 3622 41 full The Federal Reserve: Recent History & Monetary Policy with Former St. Louis Fed President James Bullard The Federal Reserve: Recent History & Monetary Policy with Former St. Louis Fed President James Bullard https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-federal-reserve-recent-history-monetary-policy-with-former-st-louis-fed-president-james-bullard/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-federal-reserve-recent-history-monetary-policy-with-former-st-louis-fed-president-james-bullard/#comments Mon, 25 Nov 2024 08:58:34 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/f00edf08-6ebb-367d-a99c-14442b5b876c Jon Hartley and James Bullard discuss Bullard’s career in monetary policy, the history of the St. Louis Fed, serving on the FOMC during the Bernanke, Yellen and Powell Feds, inflation targeting, forward guidance, macroeconomic modeling, as well as how the Fed responded to the Great Recession, COVID-19, and the early 2020s inflation.

Recorded on November 4, 2024.

ABOUT THE SPEAKERS:

James “Jim” Bullard is a macroeconomist and was president of the Federal Reserve Bank of St. Louis from 2008-2023. In 2023, he became the inaugural dean of the reimagined Mitchell E. Daniels, Jr. School of Business at Purdue University. He also serves as special advisor to the president of the university, reporting to President Mung Chiang in that capacity. Bullard is also a distinguished professor of service and professor of economics in the Daniels School.

Before becoming president, Bullard served in various roles at the St. Louis Fed, starting in 1990 as an economist in the research division and later serving as vice president and deputy director of research for monetary analysis. 

Born in Wisconsin, Bullard grew up in Forest Lake, Minnesota, and received his doctorate in economics from Indiana University in Bloomington. He holds Bachelor of Science degrees in economics and in quantitative methods and information systems from St. Cloud State University in St. Cloud, Minnesota.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and James Bullard discuss Bullard’s career in monetary policy, the history of the St. Louis Fed, serving on the FOMC during the Bernanke, Yellen and Powell Feds, inflation targeting, forward guidance, macroeconomic modeling, as well as how the Fed responded to the Great Recession, COVID-19, and the early 2020s inflation.

Recorded on November 4, 2024.

ABOUT THE SPEAKERS:

James “Jim” Bullard is a macroeconomist and was president of the Federal Reserve Bank of St. Louis from 2008-2023. In 2023, he became the inaugural dean of the reimagined Mitchell E. Daniels, Jr. School of Business at Purdue University. He also serves as special advisor to the president of the university, reporting to President Mung Chiang in that capacity. Bullard is also a distinguished professor of service and professor of economics in the Daniels School.

Before becoming president, Bullard served in various roles at the St. Louis Fed, starting in 1990 as an economist in the research division and later serving as vice president and deputy director of research for monetary analysis. 

Born in Wisconsin, Bullard grew up in Forest Lake, Minnesota, and received his doctorate in economics from Indiana University in Bloomington. He holds Bachelor of Science degrees in economics and in quantitative methods and information systems from St. Cloud State University in St. Cloud, Minnesota.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley false No 3335 40 full Economic Growth, De-Population, and Macroeconomics with UPenn Econ Professor Jesus Fernández-Villaverde Economic Growth, De-Population, and Macroeconomics with UPenn Econ Professor Jesus Fernández-Villaverde https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/economic-growth-de-population-and-macroeconomics-with-upenn-econ-professor-jesus-fernandez-villaverde/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/economic-growth-de-population-and-macroeconomics-with-upenn-econ-professor-jesus-fernandez-villaverde/#comments Wed, 13 Nov 2024 08:29:00 -0800 capitalism-and-freedom-in-the-21st-century.podbean.com/5fe568c1-d531-355a-8bf7-eae0b407b4dc Jon Hartley and Jesus Fernandez-Villaverde discuss Jesus’s career, schools of economic thought and the role of institutions in economic history, economic growth (including recent declining GDP growth rates and declining fertility), business cycles, drivers of the early 2020s inflation, dynamic stochastic general equilibrium (DSGE) and vector autoregressive (VAR) models, schools of economic thought and the role of institutions in economic history.

Recorded on November 1, 2024.

ABOUT THE SPEAKERS:

Jesus Fernandez-Villaverde is a Professor of Economics at the University of Pennsylvania, director of the Penn Institute for the Study of Markets (PISM), a Research Associate of the National Bureau of Economic Research (NBER_, and Research Affiliate of the Center for Economic and Policy Research (CEPR). He has also been a visiting Professor at Harvard, Yale, Princeton, Oxford, and Cambridge and a visiting scholar at several Federal Reserve Banks, the European Central Bank, and the Bank of Spain. His research agenda focuses on economic history, macroeconomics, and econometrics, with a focus on the computation and estimation of dynamic stochastic general equilibrium (DSGE) models.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Jesus Fernandez-Villaverde discuss Jesus’s career, schools of economic thought and the role of institutions in economic history, economic growth (including recent declining GDP growth rates and declining fertility), business cycles, drivers of the early 2020s inflation, dynamic stochastic general equilibrium (DSGE) and vector autoregressive (VAR) models, schools of economic thought and the role of institutions in economic history.

Recorded on November 1, 2024.

ABOUT THE SPEAKERS:

Jesus Fernandez-Villaverde is a Professor of Economics at the University of Pennsylvania, director of the Penn Institute for the Study of Markets (PISM), a Research Associate of the National Bureau of Economic Research (NBER_, and Research Affiliate of the Center for Economic and Policy Research (CEPR). He has also been a visiting Professor at Harvard, Yale, Princeton, Oxford, and Cambridge and a visiting scholar at several Federal Reserve Banks, the European Central Bank, and the Bank of Spain. His research agenda focuses on economic history, macroeconomics, and econometrics, with a focus on the computation and estimation of dynamic stochastic general equilibrium (DSGE) models.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jesus Fernandez-Villaverde joins Jon Hartley to discuss the economic history and the future of economic growth, business cycles, drivers of the early 2020s inflation, dynamic stochastic general equilibrium and vector autoregressive models. Jon Hartley false No 3575 39 full The Early 2020s: Former World Bank President David Malpass on COVID, Inflation, China, and Climate The Early 2020s: Former World Bank President David Malpass on COVID, Inflation, China, and Climate https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-early-2020s-former-world-bank-president-david-malpass-on-covid-inflation-china-and-climate/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-early-2020s-former-world-bank-president-david-malpass-on-covid-inflation-china-and-climate/#comments Fri, 25 Oct 2024 10:20:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/97350f77-1a52-3fb5-9b42-a8b18ea1df1a Jon Hartley and David Malpass discuss David’s career, and his service in government, including his time as president of the World Bank Group. They also discuss the changing role of China in international finance as well as the IMF and World Bank responses to the COVID-19 pandemic, the global distribution of COVID-19 vaccines, COVID-19 sovereign debt relief (Debt Service Suspension Initiative or DSSI)),and  how the early 2020s inflation has impacted developing countries, economic growth, and climate policy.

Recorded on September 20, 2024.

ABOUT THE SPEAKERS:

David Malpass served as the 13th president of the World Bank Group. Prior to his appointment at the World Bank, David served as Undersecretary of the US Treasury for international affairs during the Trump administration. Before joining the US Treasury, David founded and led a macroeconomics research firm based in New York City.  He has also served as chief economist of Bear Stearns, where conducted financial analyses of countries around the world. Earlier in his career, David served in various roles at the Treasury during the Reagan and George H.W. Bush administrations as well as in the US Senate working on the Budget Committee and Joint Economic Committee.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and David Malpass discuss David’s career, and his service in government, including his time as president of the World Bank Group. They also discuss the changing role of China in international finance as well as the IMF and World Bank responses to the COVID-19 pandemic, the global distribution of COVID-19 vaccines, COVID-19 sovereign debt relief (Debt Service Suspension Initiative or DSSI)),and  how the early 2020s inflation has impacted developing countries, economic growth, and climate policy.

Recorded on September 20, 2024.

ABOUT THE SPEAKERS:

David Malpass served as the 13th president of the World Bank Group. Prior to his appointment at the World Bank, David served as Undersecretary of the US Treasury for international affairs during the Trump administration. Before joining the US Treasury, David founded and led a macroeconomics research firm based in New York City.  He has also served as chief economist of Bear Stearns, where conducted financial analyses of countries around the world. Earlier in his career, David served in various roles at the Treasury during the Reagan and George H.W. Bush administrations as well as in the US Senate working on the Budget Committee and Joint Economic Committee.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and David Malpass discuss David’s career in business and government, his leadership of the World Bank Group during the COVID-19 crisis, China’s role in international finance, and the impact of 2020s inflation on developing countries, economic growth, and climate policy. Jon Hartley false No 3547 38 full Former Fed Vice Chair Richard Clarida Talks Pandemic Monetary Policy and Inflation Former Fed Vice Chair Richard Clarida Talks Pandemic Monetary Policy and Inflation https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/former-fed-vice-chair-richard-clarida-talks-pandemic-monetary-policy-and-inflation/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/former-fed-vice-chair-richard-clarida-talks-pandemic-monetary-policy-and-inflation/#comments Thu, 10 Oct 2024 09:00:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/5d0bd648-6257-3146-920f-efb03c520f4c Jon Hartley and Richard Clarida discuss the latter’’s career, academic contributions and government service, including his time as vice chair of the Federal Reserve. Their conversation covers key topics such as inflation in the early 2020s, monetary policy during the COVID-19 pandemic, and the upcoming Federal Reserve monetary policy framework review. They also discuss the legacy of the Fed’s flexible average inflation targeting (FAIT) enacted under Clarida’s leadership, the utility of DSGE models at the Federal Reserve and other central banks around the world, and the early origins of “nowcasting”.

Recorded on September 20, 2024.

ABOUT THE SPEAKERS:

Richard Clarida served as vice chairman of the Board of Governors of the US Federal Reserve System from September 2018 to January 2022. Clarida is also the C. Lowell Harriss Professor of Economics and International Affairs at Columbia University. He was assistant secretary of the Treasury for economic policy, serving two secretaries of the Treasury. Clarida is also a managing director of Pacific Investment Management Company’s (PIMCO) New York office and that firm’s global economic advisor. Prior to rejoining PIMCO in 2022, he was the firm's global strategic advisor from 2006 to 2018. Earlier in his career, Clarida was with Credit Suisse and Grossman Asset Management. He holds a PhD and a master's degree in economics from Harvard University. He received an undergraduate degree with Bronze Tablet Honors from the University of Illinois.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Richard Clarida discuss the latter’’s career, academic contributions and government service, including his time as vice chair of the Federal Reserve. Their conversation covers key topics such as inflation in the early 2020s, monetary policy during the COVID-19 pandemic, and the upcoming Federal Reserve monetary policy framework review. They also discuss the legacy of the Fed’s flexible average inflation targeting (FAIT) enacted under Clarida’s leadership, the utility of DSGE models at the Federal Reserve and other central banks around the world, and the early origins of “nowcasting”.

Recorded on September 20, 2024.

ABOUT THE SPEAKERS:

Richard Clarida served as vice chairman of the Board of Governors of the US Federal Reserve System from September 2018 to January 2022. Clarida is also the C. Lowell Harriss Professor of Economics and International Affairs at Columbia University. He was assistant secretary of the Treasury for economic policy, serving two secretaries of the Treasury. Clarida is also a managing director of Pacific Investment Management Company’s (PIMCO) New York office and that firm’s global economic advisor. Prior to rejoining PIMCO in 2022, he was the firm's global strategic advisor from 2006 to 2018. Earlier in his career, Clarida was with Credit Suisse and Grossman Asset Management. He holds a PhD and a master's degree in economics from Harvard University. He received an undergraduate degree with Bronze Tablet Honors from the University of Illinois.

Jon Hartley is a Research Assistant at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Jon Hartley and Richard Clarida discuss pandemic monetary policy making, inflation, as well as Clarida’s career, academic contributions and government service, including his time as vice chair of the Federal Reserve. Jon Hartley false No 3625 37 full Edward Glaeser on Zoning, Land Use Regulation, and Urban Economics Edward Glaeser on Zoning, Land Use Regulation, and Urban Economics https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/edward-glaeser-on-zoning-land-use-regulation-and-urban-economics/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/edward-glaeser-on-zoning-land-use-regulation-and-urban-economics/#comments Thu, 26 Sep 2024 13:00:56 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/e5337e85-2f8c-3168-bdfc-0683280f7c5b Jon Hartley and Edward Glaeser discuss the latter’s seminal work on urban economics, zoning, land use regulation, and economic growth. They also discuss industrial policy, the important role of human capital and education in economic growth, as well as why crime has rebounded in recent years.

Recorded on August 26, 2024.

ABOUT THE SPEAKERS:

Edward L. Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University, where he has taught economic theory and urban economics since 1992. He also leads the Urban Economics Working Group at the National Bureau of Economics Research, co-leads the Cities Programme of the International Growth Centre, and co-edits the Journal of Urban Economics. He has written hundreds of papers on cities, infrastructure and other topics, and has written, co-written and co-edited many books including Triumph of the City, Survival of the City (with David Cutler) and Fighting Poverty in the U.S. and Europe: A World of Difference (with Alberto Alesina).

Ed has served as director of the Taubman Center for State and Local Government and the Rappaport Institute for Greater Boston, editor of the Quarterly Journal of Economics, and chair of Harvard’s Economics Department. He is a fellow of the National Academy of Sciences, the American Academy of Arts and Sciences, the American Academy of Political and Social Science, and the Econometric Society. He received the Albert O. Hirschman prize from the Social Science Research Council. He earned his A.B. from Princeton University in 1988 and his Ph.D. in Economics from the University of Chicago in 1992.   

Jon Hartley is a Research Associate at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.  Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

RELATED RESOURCES:

]]> Jon Hartley and Edward Glaeser discuss the latter’s seminal work on urban economics, zoning, land use regulation, and economic growth. They also discuss industrial policy, the important role of human capital and education in economic growth, as well as why crime has rebounded in recent years.

Recorded on August 26, 2024.

ABOUT THE SPEAKERS:

Edward L. Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University, where he has taught economic theory and urban economics since 1992. He also leads the Urban Economics Working Group at the National Bureau of Economics Research, co-leads the Cities Programme of the International Growth Centre, and co-edits the Journal of Urban Economics. He has written hundreds of papers on cities, infrastructure and other topics, and has written, co-written and co-edited many books including Triumph of the City, Survival of the City (with David Cutler) and Fighting Poverty in the U.S. and Europe: A World of Difference (with Alberto Alesina).

Ed has served as director of the Taubman Center for State and Local Government and the Rappaport Institute for Greater Boston, editor of the Quarterly Journal of Economics, and chair of Harvard’s Economics Department. He is a fellow of the National Academy of Sciences, the American Academy of Arts and Sciences, the American Academy of Political and Social Science, and the Econometric Society. He received the Albert O. Hirschman prize from the Social Science Research Council. He earned his A.B. from Princeton University in 1988 and his Ph.D. in Economics from the University of Chicago in 1992.   

Jon Hartley is a Research Associate at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada. 
Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

RELATED RESOURCES:

]]> Jon Hartley and Edward Glaeser discuss urban economics, zoning, land use, industrial policy, the recent crime rebound, and human capital’s role in growth. Jon Hartley false No 3450 36 full Steven Davis (Hoover Institution) on Job Flows, Policy Uncertainty and Work From Home Steven Davis (Hoover Institution) on Job Flows, Policy Uncertainty and Work From Home https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/steven-davis-hoover-institution-on-job-flows-policy-uncertainty-and-work-from-home/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/steven-davis-hoover-institution-on-job-flows-policy-uncertainty-and-work-from-home/#comments Mon, 09 Sep 2024 08:55:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/5fdd1cb5-093e-3948-90c4-62a9e39df688 Jon Hartley and Steven Davis discuss Steven’s research career and seminal work on job flows, including the legacy of his classic book Job Creation and Destruction, co-authored with John Haltiwanger and Scott Schuh. They also discuss how we should think about full employment, how significant economic policy uncertainty is, and how important the shift to work from home has been and may continue to be in the future.

Recorded on August 27, 2024.

ABOUT THE SPEAKERS:

Steven Davis is the Thomas W. and Susan B. Ford Senior Fellow and Director of Research at the Hoover Institution, and Senior Fellow at the Stanford Institute for Economic Policy Research (SIEPR). He was on the faculty at the University of Chicago Booth School of Business for more than 35 years, including service as deputy dean of the faculty. 

He is also a research associate of the National Bureau of Economic Research, visiting scholar at the Federal Reserve Bank of Atlanta, senior adviser to the Brookings Papers on Economic Activity, advisor to the Monetary Authority of Singapore, elected fellow of the Society of Labor Economists,IZA Research Fellow, and senior academic fellow of the Asian Bureau of Finance and Economic Research. He hosts Economics, Applied – a video podcast series sponsored by the Hoover Institution.

Davis is a co-creator of the Economic Policy Uncertainty Indices, the Survey of Business Uncertainty, the U.S. Survey of Working Arrangements and Attitudes, the Global Survey of Working Arrangements, the Work-from-Home Map project, and the Stock Market Jumps project. He cofounded and co-organizes the Asian Monetary Policy Forum, held annually in Singapore.

Jon Hartley is a Research Associate at the Hoover Institution and an PhD candidate in economics at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a research fellow at the Foundation for Research on Equal Opportunity and a senior fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, the International Monetaty Fund, the Committee on Capital Markets Regulation, the US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.

Jon has also been a regular economics contributor for National Review Online, Forbes, and the Huffington Post and has contributed to the Wall Street Journal, the  New York Times, USA Today, the Globe and Mail, the National Post, and the Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 under 30 Law & Policy list and the 2017 Wharton 40 under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

RELATED RESOURCES:

]]> Jon Hartley and Steven Davis discuss Steven’s research career and seminal work on job flows, including the legacy of his classic book Job Creation and Destruction, co-authored with John Haltiwanger and Scott Schuh. They also discuss how we should think about full employment, how significant economic policy uncertainty is, and how important the shift to work from home has been and may continue to be in the future.

Recorded on August 27, 2024.

ABOUT THE SPEAKERS:

Steven Davis is the Thomas W. and Susan B. Ford Senior Fellow and Director of Research at the Hoover Institution, and Senior Fellow at the Stanford Institute for Economic Policy Research (SIEPR). He was on the faculty at the University of Chicago Booth School of Business for more than 35 years, including service as deputy dean of the faculty. 

He is also a research associate of the National Bureau of Economic Research, visiting scholar at the Federal Reserve Bank of Atlanta, senior adviser to the Brookings Papers on Economic Activity, advisor to the Monetary Authority of Singapore, elected fellow of the Society of Labor Economists,IZA Research Fellow, and senior academic fellow of the Asian Bureau of Finance and Economic Research. He hosts Economics, Applied – a video podcast series sponsored by the Hoover Institution.

Davis is a co-creator of the Economic Policy Uncertainty Indices, the Survey of Business Uncertainty, the U.S. Survey of Working Arrangements and Attitudes, the Global Survey of Working Arrangements, the Work-from-Home Map project, and the Stock Market Jumps project. He cofounded and co-organizes the Asian Monetary Policy Forum, held annually in Singapore.

Jon Hartley is a Research Associate at the Hoover Institution and an PhD candidate in economics at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a research fellow at the Foundation for Research on Equal Opportunity and a senior fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, the International Monetaty Fund, the Committee on Capital Markets Regulation, the US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.

Jon has also been a regular economics contributor for National Review Online, Forbes, and the Huffington Post and has contributed to the Wall Street Journal, the  New York Times, USA Today, the Globe and Mail, the National Post, and the Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 under 30 Law & Policy list and the 2017 Wharton 40 under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

RELATED RESOURCES:

]]> Jon Hartley and Steven Davis discuss Steven’s work on job flows, full employment, economic policy uncertainty, and the ongoing impact of the shift to remote work. Jon Hartley false No 3351 35 full Bob Litterman (Kepos Capital) on Quantitative Investing, Liquidity Risk and Climate Policy Bob Litterman (Kepos Capital) on Quantitative Investing, Liquidity Risk and Climate Policy https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/bob-litterman-kepos-capital-on-quantitative-investing-liquidity-risk-and-climate-policy/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/bob-litterman-kepos-capital-on-quantitative-investing-liquidity-risk-and-climate-policy/#comments Thu, 29 Aug 2024 10:28:14 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/ae0fa25e-6ed6-3482-9402-26433eb4cad1 Bob and Jon discuss Bob’s role in the history of the development of quantitative finance at Goldman Sachs, including his seminal work with Fischer Black, along with the carry trade liquidity crisis of August 2024 and its similarities to the quant crisis of 2007. They also discuss the case for quantitative investing and its ability to ride out risky environments. They also discuss a risk management approach to climate policy, Bob’s E-Z climate carbon pricing model, as well Bob’s advocacy for carbon taxes.

Recorded on August 9, 2024.

ABOUT THE SPEAKERS:

Robert Litterman is the Chairman of the Risk Committee at Kepos Capital LP. Prior to joining Kepos Capital in 2010, Litterman enjoyed a 23-year career at Goldman, Sachs & Co., where he served in research, risk management, investments, and thought leadership roles. While at Goldman, Litterman also spent six years as one of three external advisors to Singapore’s Government Investment Corporation (GIC). Bob was named a partner of Goldman Sachs in 1994 and became head of the firm-wide risk function; prior to that role, he was co-head of the Fixed Income Research and Model Development Group with Fischer Black. During his tenure at Goldman, Bob researched and published a number of groundbreaking papers in asset allocation and risk management. He is the co-developer of the Black-Litterman Global Asset Allocation Model, a key tool in investment management, and has co-authored books including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach (Wiley & Co.).

Litterman earned a Ph.D. in economics from the University of Minnesota and a B.S. in human biology from Stanford University. He is also the inaugural recipient of the S. Donald Sussman Fellowship at MIT’s Sloan School of Management and serves on a number of boards, including Commonfund, the Robert Wood Johnson Foundation, the Sloan Foundation, and World Wildlife Fund. He is also currently serving as the chair of the CFTC Climate-Related Market Risk Subcommittee.

Jon Hartley is a Research Associate at the Hoover Institution and an PhD candidate in economics at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a research fellow at the Foundation for Research on Equal Opportunity and a senior fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, the International Monetaty Fund, the Committee on Capital Markets Regulation, the US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.

Jon has also been a regular economics contributor for National Review Online, Forbes, and the Huffington Post and has contributed to the Wall Street Journal, the  New York Times, USA Today, the Globe and Mail, the National Post, and the Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 under 30 Law & Policy list and the 2017 Wharton 40 under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Bob and Jon discuss Bob’s role in the history of the development of quantitative finance at Goldman Sachs, including his seminal work with Fischer Black, along with the carry trade liquidity crisis of August 2024 and its similarities to the quant crisis of 2007. They also discuss the case for quantitative investing and its ability to ride out risky environments. They also discuss a risk management approach to climate policy, Bob’s E-Z climate carbon pricing model, as well Bob’s advocacy for carbon taxes.

Recorded on August 9, 2024.

ABOUT THE SPEAKERS:

Robert Litterman is the Chairman of the Risk Committee at Kepos Capital LP. Prior to joining Kepos Capital in 2010, Litterman enjoyed a 23-year career at Goldman, Sachs & Co., where he served in research, risk management, investments, and thought leadership roles. While at Goldman, Litterman also spent six years as one of three external advisors to Singapore’s Government Investment Corporation (GIC). Bob was named a partner of Goldman Sachs in 1994 and became head of the firm-wide risk function; prior to that role, he was co-head of the Fixed Income Research and Model Development Group with Fischer Black. During his tenure at Goldman, Bob researched and published a number of groundbreaking papers in asset allocation and risk management. He is the co-developer of the Black-Litterman Global Asset Allocation Model, a key tool in investment management, and has co-authored books including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach (Wiley & Co.).

Litterman earned a Ph.D. in economics from the University of Minnesota and a B.S. in human biology from Stanford University. He is also the inaugural recipient of the S. Donald Sussman Fellowship at MIT’s Sloan School of Management and serves on a number of boards, including Commonfund, the Robert Wood Johnson Foundation, the Sloan Foundation, and World Wildlife Fund. He is also currently serving as the chair of the CFTC Climate-Related Market Risk Subcommittee.

Jon Hartley is a Research Associate at the Hoover Institution and an PhD candidate in economics at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a research fellow at the Foundation for Research on Equal Opportunity and a senior fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, the International Monetaty Fund, the Committee on Capital Markets Regulation, the US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.

Jon has also been a regular economics contributor for National Review Online, Forbes, and the Huffington Post and has contributed to the Wall Street Journal, the  New York Times, USA Today, the Globe and Mail, the National Post, and the Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 under 30 Law & Policy list and the 2017 Wharton 40 under 40 list, and was previously a World Economic Forum Global Shaper.

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

For more information, visit: capitalismandfreedom.substack.com/

]]> Bob and Jon discuss Bob’s role in the history of quantitative finance at Goldman Sachs and his seminal work with Fischer Black. They also cover the 2024 carry trade liquidity crisis, its parallels to the 2007 quant crisis, Bob’s views on climate policy, and his E-Z carbon pricing model and support for carbon taxes. Jon Hartley false No 3622 34 full Greg Mankiw (Harvard Econ Prof) on New Keynesian Macro, Growth and Econ Policy Greg Mankiw (Harvard Econ Prof) on New Keynesian Macro, Growth and Econ Policy https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/greg-mankiw-harvard-econ-prof-on-new-keynesian-macro-growth-and-econ-policy/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/greg-mankiw-harvard-econ-prof-on-new-keynesian-macro-growth-and-econ-policy/#comments Thu, 15 Aug 2024 12:32:21 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/d3203b33-04a2-3d91-bed8-4ee8c64610c5 Greg and Jon discuss Greg’s career and main contributions to economics. This includes the development and limitations of New Keynesian models in the 1980s and 1990s as a tool for central banks to understand how the macroeconomy works. Jon and Greg also discuss economic growth, growth accounting and the Solow model. They conclude by talking about Greg’s time in government, including his time leading the White House Council of Economic Advisors under President George W. Bush as well as Greg’s advocacy for carbon taxes.

ABOUT THE SPEAKERS:

Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. He even spent one summer long ago as a sailing instructor on Long Beach Island.

Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics, and in more widely accessible forums, such as The New York Times, The Washington Post, and The Wall Street Journal.

He has written two popular textbooks—the intermediate-level textbook Macroeconomics (Worth Publishers) and the introductory textbook Principles of Economics (Cengage Learning). Principles of Economics has sold over two million copies and has been translated into twenty languages.

In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Congressional Budget Office and the Federal Reserve Banks of Boston and New York, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005 he served as Chairman of the President's Council of Economic Advisers.

Professor Mankiw lives in Boston with his wife, Deborah. They have three adult children.

Jon Hartley is a Research Associate at the Hoover Institution and an PhD candidate in economics at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a research fellow at the Foundation for Research on Equal Opportunity and a senior fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, the International Monetaty Fund, the Committee on Capital Markets Regulation, the US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.

Jon has also been a regular economics contributor for National Review Online, Forbes, and the Huffington Post and has contributed to the Wall Street Journal, the  New York Times, USA Today, the Globe and Mail, the National Post, and the Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 under 30 Law & Policy list and the 2017 Wharton 40 under 40 list, and was previously a World Economic Forum Global Shaper.

]]> Greg and Jon discuss Greg’s career and main contributions to economics. This includes the development and limitations of New Keynesian models in the 1980s and 1990s as a tool for central banks to understand how the macroeconomy works. Jon and Greg also discuss economic growth, growth accounting and the Solow model. They conclude by talking about Greg’s time in government, including his time leading the White House Council of Economic Advisors under President George W. Bush as well as Greg’s advocacy for carbon taxes.

ABOUT THE SPEAKERS:

Gregory Mankiw is the Robert M. Beren Professor of Economics at Harvard University. As a student, he studied economics at Princeton University and MIT. As a teacher, he has taught macroeconomics, microeconomics, statistics, and principles of economics. He even spent one summer long ago as a sailing instructor on Long Beach Island.

Professor Mankiw is a prolific writer and a regular participant in academic and policy debates. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth. His published articles have appeared in academic journals, such as the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics, and in more widely accessible forums, such as The New York Times, The Washington Post, and The Wall Street Journal.

He has written two popular textbooks—the intermediate-level textbook Macroeconomics (Worth Publishers) and the introductory textbook Principles of Economics (Cengage Learning). Principles of Economics has sold over two million copies and has been translated into twenty languages.

In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Congressional Budget Office and the Federal Reserve Banks of Boston and New York, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005 he served as Chairman of the President's Council of Economic Advisers.

Professor Mankiw lives in Boston with his wife, Deborah. They have three adult children.

Jon Hartley is a Research Associate at the Hoover Institution and an PhD candidate in economics at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a research fellow at the Foundation for Research on Equal Opportunity and a senior fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, the International Monetaty Fund, the Committee on Capital Markets Regulation, the US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.

Jon has also been a regular economics contributor for National Review Online, Forbes, and the Huffington Post and has contributed to the Wall Street Journal, the  New York Times, USA Today, the Globe and Mail, the National Post, and the Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 under 30 Law & Policy list and the 2017 Wharton 40 under 40 list, and was previously a World Economic Forum Global Shaper.

]]> Greg and Jon discuss New Keynesian models of the economy and their usefulness to central banks, economic growth, Greg’s time running the White House Council of Economic Advisors under George W. Bush as well as Greg’s advocacy for carbon taxes. Jon Hartley false No 3417 33 full Daron Acemoglu (MIT Economics Prof) on Institutions, Economic Growth, and AI Daron Acemoglu (MIT Economics Prof) on Institutions, Economic Growth, and AI https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/daron-acemoglu-mit-economics-prof-on-institutions-economic-growth-and-ai/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/daron-acemoglu-mit-economics-prof-on-institutions-economic-growth-and-ai/#comments Thu, 01 Aug 2024 08:00:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/a52beffe-d7c0-3905-89cc-a9be9e19b063 Daron Acemoglu and Jon Hartley discuss Daron’s career and main contributions to economics, including the study of institutions as a fundamental contributor to economic growth. Jon raises the question of how regulation holds back growth, and by how much, and whether liberal vs. illiberal economic institutions might be a better taxonomy than inclusive versus extractive institutions. Other economic growth components such as culture and geography are discussed as well. They conclude by talking about artificial intelligence and the future of work.

]]> Daron Acemoglu and Jon Hartley discuss Daron’s career and main contributions to economics, including the study of institutions as a fundamental contributor to economic growth. Jon raises the question of how regulation holds back growth, and by how much, and whether liberal vs. illiberal economic institutions might be a better taxonomy than inclusive versus extractive institutions. Other economic growth components such as culture and geography are discussed as well. They conclude by talking about artificial intelligence and the future of work.

]]> Daron Acemoglu and Jon Hartley discuss the contributions of institutions to economic growth and how regulation holds back growth—and by how much—along with other economic growth theories, as well as artificial intelligence and the future of work. Jon Hartley false No 3454 32 full Economic Growth, Macro-Models, and a Move to the Hoover Institution Economic Growth, Macro-Models, and a Move to the Hoover Institution https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/economic-growth-macro-models-and-a-move-to-the-hoover-institution/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/economic-growth-macro-models-and-a-move-to-the-hoover-institution/#comments Thu, 18 Jul 2024 08:00:00 -0700 capitalism-and-freedom-in-the-21st-century.podbean.com/6d617ea6-ab85-3c8c-be89-8b5397a88fc9 Jon Hartley and John Cochrane introduce the Capitalism and Freedom in the 21st Century podcast to the Hoover audience. They speak on a number of topics including the usefulness of existing macroeconomic models, the use of economic models at central banks, the state of macroeconomics, the fiscal theory of the price level, and how technology, institutions, and policy play a role in fostering economic growth.

ABOUT THE SPEAKERS:

John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution. He is also a research associate of the National Bureau of Economic Research and an adjunct scholar of the CATO Institute. 

Before joining Hoover, Cochrane was  a Professor of Finance at the University of Chicago’s Booth School of Business, and earlier at its Economics Department. Cochrane earned a bachelor’s degree in physics at MIT and his PhD in economics at the University of California at Berkeley. He was a junior staff economist on the Council of Economic Advisers (1982–83).

Cochrane’s recent publications include the book The Fiscal Theory of the Price Level (Princeton University Press, 2023). He also refularly writes  articles on inflation, dynamics in stock and bond markets, the volatility of exchange rates, the term structure of interest rates, the returns to venture capital, liquidity premiums in stock prices, the relation between stock prices and business cycles, and option pricing when investors can’t perfectly hedge. His monetary economics publications include articles on the relationship between deficits and inflation, the effects of monetary policy, and the fiscal theory of the price level. He has also written articles on macroeconomics, health insurance, time-series econometrics, financial regulation, and other topics. He was a coauthor of The Squam Lake Report. His Asset Pricing PhD class is available online via Coursera. 

Cochrane frequently contributes editorial opinion essays to the Wall Street Journal, Bloomberg.com, and other publications. He maintains the Grumpy Economist blog and is a regular host of Hoover’s flagship broadcast, GoodFellows.

Jon Hartley is a Research Associate at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

RELATED RESOURCES:

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

]]> Jon Hartley and John Cochrane introduce the Capitalism and Freedom in the 21st Century podcast to the Hoover audience. They speak on a number of topics including the usefulness of existing macroeconomic models, the use of economic models at central banks, the state of macroeconomics, the fiscal theory of the price level, and how technology, institutions, and policy play a role in fostering economic growth.

ABOUT THE SPEAKERS:

John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution. He is also a research associate of the National Bureau of Economic Research and an adjunct scholar of the CATO Institute. 

Before joining Hoover, Cochrane was  a Professor of Finance at the University of Chicago’s Booth School of Business, and earlier at its Economics Department. Cochrane earned a bachelor’s degree in physics at MIT and his PhD in economics at the University of California at Berkeley. He was a junior staff economist on the Council of Economic Advisers (1982–83).

Cochrane’s recent publications include the book The Fiscal Theory of the Price Level (Princeton University Press, 2023). He also refularly writes  articles on inflation, dynamics in stock and bond markets, the volatility of exchange rates, the term structure of interest rates, the returns to venture capital, liquidity premiums in stock prices, the relation between stock prices and business cycles, and option pricing when investors can’t perfectly hedge. His monetary economics publications include articles on the relationship between deficits and inflation, the effects of monetary policy, and the fiscal theory of the price level. He has also written articles on macroeconomics, health insurance, time-series econometrics, financial regulation, and other topics. He was a coauthor of The Squam Lake Report. His Asset Pricing PhD class is available online via Coursera. 

Cochrane frequently contributes editorial opinion essays to the Wall Street Journal, Bloomberg.com, and other publications. He maintains the Grumpy Economist blog and is a regular host of Hoover’s flagship broadcast, GoodFellows.

Jon Hartley is a Research Associate at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami.

Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.

Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper.

RELATED RESOURCES:

ABOUT THE SERIES:

Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics.

]]> What is the appropriate role of government in fostering economic growth and a stable economy in the 21st century? Join Jon Hartley and John Cochrane as they introduce the Capitalism and Freedom in the 21st Century podcast to the Hoover audience and delve into the state of macroeconomics and some of the most pressing economic policy issues confronting our time. Jon Hartley false No 3586 31 full Peter Ireland (Boston College Econ Prof) on Monetary Policy, Monetarism and New Keynesian Models Peter Ireland (Boston College Econ Prof) on Monetary Policy, Monetarism and New Keynesian Models https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/peter-ireland-boston-college-econ-prof-on-monetary-policy-monetarism-and-new-keynesian-models/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/peter-ireland-boston-college-econ-prof-on-monetary-policy-monetarism-and-new-keynesian-models/#comments Fri, 24 May 2024 01:00:00 -0700 edb65810-192a-11ef-ac36-cbcce57a94f5 Peter Ireland (Boston College Economics Professor) joins the podcast to discuss his career as a monetary economist, his views on the history of monetarism, New Keynesian models, and the Shadow Open Market Committee which Peter sits on and celebrates its 50th anniversary.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> Peter Ireland (Boston College Economics Professor) joins the podcast to discuss his career as a monetary economist, his views on the history of monetarism, New Keynesian models, and the Shadow Open Market Committee which Peter sits on and celebrates its 50th anniversary.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

Learn more about your ad choices. Visit megaphone.fm/adchoices

]]> Jon Hartley false No 5206 1 30 full Dani Rodrik (Harvard Kennedy School Economics Professor) on Industrial Policy, Globalization and His Career Dani Rodrik (Harvard Kennedy School Economics Professor) on Industrial Policy, Globalization and His Career https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/dani-rodrik-harvard-kennedy-school-economics-professor-on-industrial-policy-globalization-and-his-career/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/dani-rodrik-harvard-kennedy-school-economics-professor-on-industrial-policy-globalization-and-his-career/#comments Thu, 11 Apr 2024 01:00:00 -0700 0c2e2a32-f69b-11ee-9fd4-3f4b97d2a1b1 Dani Rodrik (Harvard Kennedy School Economics Professor) joins the podcast to discuss his career, the best case for industrial policy, the labor market effects of globalization, and his vision of an ideal economic policy paradigm.

Rodrik is the Ford Foundation Professor of International Political Economy at Harvard's John F. Kennedy School of Government. He is co-director of the Reimagining the Economy Program at the Kennedy School and of the Economics for Inclusive Prosperity network. He was President of the International Economic Association during 2021-23 and helped found the IEA's Women in Leadership in Economics (IEA-WE) initiative. His most recent books are Combating Inequality: Rethinking Government's Role (2021, edited with Olivier Blanchard) and Straight Talk on Trade: Ideas for a Sane World Economy (2017).

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]]> Dani Rodrik (Harvard Kennedy School Economics Professor) joins the podcast to discuss his career, the best case for industrial policy, the labor market effects of globalization, and his vision of an ideal economic policy paradigm.

Rodrik is the Ford Foundation Professor of International Political Economy at Harvard's John F. Kennedy School of Government. He is co-director of the Reimagining the Economy Program at the Kennedy School and of the Economics for Inclusive Prosperity network. He was President of the International Economic Association during 2021-23 and helped found the IEA's Women in Leadership in Economics (IEA-WE) initiative. His most recent books are Combating Inequality: Rethinking Government's Role (2021, edited with Olivier Blanchard) and Straight Talk on Trade: Ideas for a Sane World Economy (2017).

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]]> Jon Hartley false No 2879 1 29 full Steven D. Levitt (Freakonomics co-author and U Chicago Econ Prof) on His Career and Decision to Retire From Academic Economics Steven D. Levitt (Freakonomics co-author and U Chicago Econ Prof) on His Career and Decision to Retire From Academic Economics https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/steven-d-levitt-freakonomics-co-author-and-u-chicago-econ-prof-on-his-career-and-decision-to-retire-from-academic-economics/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/steven-d-levitt-freakonomics-co-author-and-u-chicago-econ-prof-on-his-career-and-decision-to-retire-from-academic-economics/#comments Wed, 13 Mar 2024 01:00:00 -0700 5d126eca-e09a-11ee-b7ed-a34306c2a38e Steven D. Levitt (Freakonomics co-author and University of Chicago Economics Professor) joins the podcast to discuss his career, including being an early leader in applied microeconomics and how the Freakonomics media empire got started, along with his recent decision to retire from academic economics.

Transcript available here. 

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Steven D. Levitt (Freakonomics co-author and University of Chicago Economics Professor) joins the podcast to discuss his career, including being an early leader in applied microeconomics and how the Freakonomics media empire got started, along with his recent decision to retire from academic economics.

Transcript available here. 

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Jon Hartley false No 5291 1 28 full Larry Summers (Harvard Economics Professor) on His Career In Academic Economics, Government, University Leadership and Corporate America Larry Summers (Harvard Economics Professor) on His Career In Academic Economics, Government, University Leadership and Corporate America https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/larry-summers-harvard-economics-professor-on-his-career-in-academic-economics-government-university-leadership-and-corporate-america/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/larry-summers-harvard-economics-professor-on-his-career-in-academic-economics-government-university-leadership-and-corporate-america/#comments Fri, 02 Feb 2024 01:00:00 -0800 7972b040-c077-11ee-a2c4-cbca6b66f09e Larry Summers, Harvard economics professor and 71st US Secretary of the Treasury, joins the podcast for an in-depth discussion of his career at the highest levels of academic economics, economic policy, university leadership, and corporate America.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Larry Summers, Harvard economics professor and 71st US Secretary of the Treasury, joins the podcast for an in-depth discussion of his career at the highest levels of academic economics, economic policy, university leadership, and corporate America.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Jon Hartley false No 2135 1 27 full Doug Ducey (Former Arizona Governor) on Passing Universal School Choice and Universal Licensing Recognition Doug Ducey (Former Arizona Governor) on Passing Universal School Choice and Universal Licensing Recognition https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/doug-ducey-former-arizona-governor-on-passing-universal-school-choice-and-universal-licensing-recognition/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/doug-ducey-former-arizona-governor-on-passing-universal-school-choice-and-universal-licensing-recognition/#comments Sun, 07 Jan 2024 01:00:00 -0800 93412a0c-acc1-11ee-aaa4-e7caed78c873 Doug Ducey, 23rd Governor of Arizona, joins the podcast to discuss how he made Arizona the first state to pass Universal School Choice and Universal Licensing Recognition as well as his major influences and career which includes growing Coldstone Creamery into an international company as CEO.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Doug Ducey, 23rd Governor of Arizona, joins the podcast to discuss how he made Arizona the first state to pass Universal School Choice and Universal Licensing Recognition as well as his major influences and career which includes growing Coldstone Creamery into an international company as CEO.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Jon Hartley false No 1835 1 26 full Jennifer Burns on the Life and Lasting Influence of Milton Friedman Jennifer Burns on the Life and Lasting Influence of Milton Friedman https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/jennifer-burns-on-the-life-and-lasting-influence-of-milton-friedman/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/jennifer-burns-on-the-life-and-lasting-influence-of-milton-friedman/#comments Tue, 14 Nov 2023 01:00:00 -0800 f5dd20fc-75b8-11ee-837f-c3aff0985f4d Jennifer Burns (Hoover Reserch Fellow and Stanford Associate Professor of History) joins the podcast to discuss her career as well as her new biography Milton Friedman: The Last Conservative (Farrar, Straus and Giroux, 2023). We discuss the life of Milton Friedman including his very brief time in Chile, his intellectual development before and after joining the University of Chicago economics faculty, the role of various people who contributed to the development of his ideas behind the scenes, along with the extent of his influence nearly 20 years after his death.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Jennifer Burns (Hoover Reserch Fellow and Stanford Associate Professor of History) joins the podcast to discuss her career as well as her new biography Milton Friedman: The Last Conservative (Farrar, Straus and Giroux, 2023). We discuss the life of Milton Friedman including his very brief time in Chile, his intellectual development before and after joining the University of Chicago economics faculty, the role of various people who contributed to the development of his ideas behind the scenes, along with the extent of his influence nearly 20 years after his death.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Jon Hartley false No 2587 1 24 full Antitrust Policy, The Chicago School Consumer Welfare Standard and The Rise of the New Brandeisians Antitrust Policy, The Chicago School Consumer Welfare Standard and The Rise of the New Brandeisians https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/antitrust-policy-the-chicago-school-consumer-welfare-standard-and-the-rise-of-the-new-brandeisians/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/antitrust-policy-the-chicago-school-consumer-welfare-standard-and-the-rise-of-the-new-brandeisians/#comments Sat, 04 Nov 2023 01:00:00 -0700 85175174-78b2-11ee-ade3-23ef9b9629de Luke Froeb joins the podcast to talk about his career in economics, what it's like to be the chief economist at the FTC and DOJ antitrust division, how these agencies make decisions about merger cases, the history of the Chicago School consumer welfare standard and the types of analytical tools and modeling that underlies the approach, along with the rise of the New Brandeisians and their failures thus far.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Luke Froeb joins the podcast to talk about his career in economics, what it's like to be the chief economist at the FTC and DOJ antitrust division, how these agencies make decisions about merger cases, the history of the Chicago School consumer welfare standard and the types of analytical tools and modeling that underlies the approach, along with the rise of the New Brandeisians and their failures thus far.

Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution.

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]]> Jon Hartley false No 3576 1 25 full Tax Policy, Government Spending, and Public Debt Tax Policy, Government Spending, and Public Debt https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/tax-policy-government-spending-and-public-debt/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/tax-policy-government-spending-and-public-debt/#comments Sun, 10 Sep 2023 22:08:00 -0700 capitalismandfreedom.podbean.com/2ea1ac50-b7de-3c75-bdbc-b754d030a6f0 Glenn Hubbard (Former White House CEA Chair and Columbia Business School Professor) joins the podcast to discuss his career in academia and government along with his views on tax policy, including the legacy of the Bush tax cuts and corporate tax reforms, the optimal features of consumption taxes, the current path of government spending and public debt as well as the political economy issues underlying the recent rise of populism.

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]]> Glenn Hubbard (Former White House CEA Chair and Columbia Business School Professor) joins the podcast to discuss his career in academia and government along with his views on tax policy, including the legacy of the Bush tax cuts and corporate tax reforms, the optimal features of consumption taxes, the current path of government spending and public debt as well as the political economy issues underlying the recent rise of populism.

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]]> Jon Hartley false No 1654 1 23 full The CARES Act, Inflation and Financial Regulation The CARES Act, Inflation and Financial Regulation https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-cares-act-inflation-and-financial-regulation/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-cares-act-inflation-and-financial-regulation/#comments Sun, 03 Sep 2023 21:49:00 -0700 capitalismandfreedom.podbean.com/b26a48f1-82af-32f3-a89f-63bfa1f554ad Andrew Olmem (Former White House National Economic Council Deputy Director) joins the podcast to discuss his views on the CARES Act and inflation as well as the state of financial and banking regulation, including everything from deposit insurance to lender of last resort, in the wake of Silicon Valley Bank's failure and over ten years since the Dodd-Frank Act was passed.

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]]> Andrew Olmem (Former White House National Economic Council Deputy Director) joins the podcast to discuss his views on the CARES Act and inflation as well as the state of financial and banking regulation, including everything from deposit insurance to lender of last resort, in the wake of Silicon Valley Bank's failure and over ten years since the Dodd-Frank Act was passed.

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]]> Jon Hartley false No 3477 1 22 full The World Bank, China, Corporate Taxes, and Opportunity Zones The World Bank, China, Corporate Taxes, and Opportunity Zones https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-world-bank-china-corporate-taxes-and-opportunity-zones/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/the-world-bank-china-corporate-taxes-and-opportunity-zones/#comments Sun, 23 Jul 2023 14:36:00 -0700 capitalismandfreedom.podbean.com/e8be4219-90ff-33a2-8eb1-a8daa5366042 DJ Nordquist (Former World Bank US Executive Director and Economic Innovation Group SVP) joins the podcast to discuss her experience serving as World Bank US Executive Director from 2019 to 2021 and as White House Council of Economic Advisers Chief-of-Staff, discussing topics ranging from China's graduation from being a World Bank aid recipient, COVID-19 World Bank/IMF fiscal aid, international corporate tax competition, and opportunity zones.

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]]> DJ Nordquist (Former World Bank US Executive Director and Economic Innovation Group SVP) joins the podcast to discuss her experience serving as World Bank US Executive Director from 2019 to 2021 and as White House Council of Economic Advisers Chief-of-Staff, discussing topics ranging from China's graduation from being a World Bank aid recipient, COVID-19 World Bank/IMF fiscal aid, international corporate tax competition, and opportunity zones.

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]]> Jon Hartley false No 2726 1 21 full Long-run Economic and Political Trends, Schools of Economic Thought, and Economics Education Long-run Economic and Political Trends, Schools of Economic Thought, and Economics Education https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/long-run-economic-and-political-trends-schools-of-economic-thought-and-economics-education/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/long-run-economic-and-political-trends-schools-of-economic-thought-and-economics-education/#comments Fri, 07 Jul 2023 21:24:00 -0700 capitalismandfreedom.podbean.com/f30accb8-7bdd-3b1c-8153-fe69a89c71f1 Tyler Cowen (George Mason University Economics Professor and Mercatus Center Director) joins the podcast to discuss his career, various long-run economic and political trends, whether policy or culture matters most for economic growth, whether schools of economic thought are still relevant, the state of economics education, the success of Marginal Revolution University as well as finding entrepreneurial talent through Emergent Ventures.  

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]]> Tyler Cowen (George Mason University Economics Professor and Mercatus Center Director) joins the podcast to discuss his career, various long-run economic and political trends, whether policy or culture matters most for economic growth, whether schools of economic thought are still relevant, the state of economics education, the success of Marginal Revolution University as well as finding entrepreneurial talent through Emergent Ventures.  

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]]> Jon Hartley false No 3810 1 20 full Fiscal Policy, The CARES Act, and U.S. Public Debt Fiscal Policy, The CARES Act, and U.S. Public Debt https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/fiscal-policy-the-cares-act-and-us-public-debt/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/fiscal-policy-the-cares-act-and-us-public-debt/#comments Sat, 03 Jun 2023 01:16:00 -0700 capitalismandfreedom.podbean.com/f96c81d7-6cf9-3a3b-a94f-29b8f8cf843e Josh Rauh (Stanford GSB Finance Professor and Hoover Senior Fellow) joins the podcast to discuss his distinguished academic career, his research in public economics on taxes and public pensions, his time at the Trump Administration White House Council of Economic Advisors, the legacy of the CARES Act together with other COVID-19 era spending, and the future path of U.S. public debt.

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]]> Josh Rauh (Stanford GSB Finance Professor and Hoover Senior Fellow) joins the podcast to discuss his distinguished academic career, his research in public economics on taxes and public pensions, his time at the Trump Administration White House Council of Economic Advisors, the legacy of the CARES Act together with other COVID-19 era spending, and the future path of U.S. public debt.

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]]> Jon Hartley false No 3205 1 19 full Technology, AI, Political Economy, and Economic Development Technology, AI, Political Economy, and Economic Development https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/technology-ai-political-economy-and-economic-development/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/technology-ai-political-economy-and-economic-development/#comments Tue, 23 May 2023 22:20:00 -0700 capitalismandfreedom.podbean.com/9c6c6975-3858-362b-b9b4-fcc2edf4fd4f Simon Johnson (MIT Sloan Economics Professor and Former IMF Chief Economist) joins the podcast to discuss his new book "Power and Progress", co-authored with his MIT colleague Daron Acemoglu, on the interplay between technology, political economy, and economic development.

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]]> Simon Johnson (MIT Sloan Economics Professor and Former IMF Chief Economist) joins the podcast to discuss his new book "Power and Progress", co-authored with his MIT colleague Daron Acemoglu, on the interplay between technology, political economy, and economic development.

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]]> Jon Hartley false No 2279 1 18 full Inflation, Interest Rates and Economic Growth Inflation, Interest Rates and Economic Growth https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/inflation-interest-rates-and-economic-growth/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/inflation-interest-rates-and-economic-growth/#comments Sat, 20 May 2023 14:11:00 -0700 capitalismandfreedom.podbean.com/2b985d82-6ea9-3ebe-a5f5-87b0d45a8053 Jon Hartley interviewed Dave Altig, Research Director of the Federal Reserve Bank of Atlanta, at an Economic Club of Miami event held at Miami-Dade College on April 19, 2022. Topics discussed include inflation, interest rate and economic growth.

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]]> Jon Hartley interviewed Dave Altig, Research Director of the Federal Reserve Bank of Atlanta, at an Economic Club of Miami event held at Miami-Dade College on April 19, 2022. Topics discussed include inflation, interest rate and economic growth.

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]]> Jon Hartley false No 4749 1 17 full Monetary History, Bretton Woods, and Banking Crises Monetary History, Bretton Woods, and Banking Crises https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/monetary-history-bretton-woods-and-banking-crises/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/monetary-history-bretton-woods-and-banking-crises/#comments Fri, 12 May 2023 00:45:00 -0700 capitalismandfreedom.podbean.com/29cf3953-9219-3ccb-aa55-8d6799cc8ddd Michael Bordo (Rutgers Economics Professor and Hoover Distinguished Visiting Fellow) joins the podcast to discuss his career, monetary history, the legacy of Bretton Woods 50 years later, and historical banking crises amid ongoing regional bank failures.

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]]> Michael Bordo (Rutgers Economics Professor and Hoover Distinguished Visiting Fellow) joins the podcast to discuss his career, monetary history, the legacy of Bretton Woods 50 years later, and historical banking crises amid ongoing regional bank failures.

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]]> Jon Hartley false No 2671 1 16 full Diana Furchtgott-Roth on Serving In Four U.S. Presidential Administrations, Environmental Regulation, and Infrastructure Diana Furchtgott-Roth on Serving In Four U.S. Presidential Administrations, Environmental Regulation, and Infrastructure https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/diana-furchtgott-roth-on-serving-in-four-us-presidential-administrations-environmental-regulation-and-infrastructure/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/diana-furchtgott-roth-on-serving-in-four-us-presidential-administrations-environmental-regulation-and-infrastructure/#comments Sat, 06 May 2023 00:55:00 -0700 capitalismandfreedom.podbean.com/3f13fa00-18b2-36a4-9831-5e65b490cb39 Diana Furchtgott-Roth (Heritage Fellow and GWU Adjunct Professor) joins the podcast to discuss her career including her government service in the Reagan, George H.W. Bush, George W. Bush and Trump administrations, along with her current work on environmental regulation and infrastructure.

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]]> Diana Furchtgott-Roth (Heritage Fellow and GWU Adjunct Professor) joins the podcast to discuss her career including her government service in the Reagan, George H.W. Bush, George W. Bush and Trump administrations, along with her current work on environmental regulation and infrastructure.

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]]> Jon Hartley false No 3587 1 15 full TCJA, the CARES Act, inflation, and the debt limit TCJA, the CARES Act, inflation, and the debt limit https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/tcja-the-cares-act-inflation-and-the-debt-limit/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/tcja-the-cares-act-inflation-and-the-debt-limit/#comments Fri, 28 Apr 2023 18:09:00 -0700 capitalismandfreedom.podbean.com/325cc76f-6871-3fcd-a9f0-e1e425e4bf2c Kevin Hassett (Former CEA Chairman and Hoover Institution Distinguished Fellow) joins the podcast to discuss his career, the legacy of the Tax Cuts and Jobs Act (TCJA), including corporate tax reform and opportunity zones, the Trump administration's response to COVID-19 in the CARES Act, inflation, and the ongoing debt limit standoff.

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]]> Kevin Hassett (Former CEA Chairman and Hoover Institution Distinguished Fellow) joins the podcast to discuss his career, the legacy of the Tax Cuts and Jobs Act (TCJA), including corporate tax reform and opportunity zones, the Trump administration's response to COVID-19 in the CARES Act, inflation, and the ongoing debt limit standoff.

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]]> Jon Hartley false No 4081 1 14 full Monetary economics, the Taylor Rule, fiscal policy, and economic growth Monetary economics, the Taylor Rule, fiscal policy, and economic growth https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/monetary-economics-the-taylor-rule-fiscal-policy-and-economic-growth/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/monetary-economics-the-taylor-rule-fiscal-policy-and-economic-growth/#comments Mon, 13 Mar 2023 19:02:00 -0700 capitalismandfreedom.podbean.com/e378aa5e-b17d-352e-99e2-b61506fa10d7 John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution, joins the podcast to discuss how he initial got interested in economics, his initial training in econometrics as a PhD student at Stanford which led him to monetary economics, his seminal contributions to the foundations of New Keynesian economics including the Taylor Rule and its influence, his views on monetary policy in the US, Europe and Japan over the decades, international economics, the state of fiscal policy, and economic growth. 

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]]> John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution, joins the podcast to discuss how he initial got interested in economics, his initial training in econometrics as a PhD student at Stanford which led him to monetary economics, his seminal contributions to the foundations of New Keynesian economics including the Taylor Rule and its influence, his views on monetary policy in the US, Europe and Japan over the decades, international economics, the state of fiscal policy, and economic growth. 

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]]> Jon Hartley false No 1962 1 13 full Jay Bhattacharya on the COVID-19 Pandemic and the Public Health Response Jay Bhattacharya on the COVID-19 Pandemic and the Public Health Response https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/jay-bhattacharya-on-the-covid-19-pandemic-and-the-public-health-response/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/jay-bhattacharya-on-the-covid-19-pandemic-and-the-public-health-response/#comments Fri, 10 Feb 2023 15:49:00 -0800 capitalismandfreedom.podbean.com/c180d9c9-1447-3d25-a5ee-64015121973f Jay Bhattacharya (Stanford University Professor of Medicine) joins to the podcast to discuss his beginnings being born in Calcutta, India, his journey to Stanford as a student obtaining four degrees at the institution (BA, MD, MA, PhD) to becoming a Stanford professor along with his research, the COVID-19 pandemic, and his views on the inadequacies of the public health community and its handling of the pandemic policy response.

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]]> Jay Bhattacharya (Stanford University Professor of Medicine) joins to the podcast to discuss his beginnings being born in Calcutta, India, his journey to Stanford as a student obtaining four degrees at the institution (BA, MD, MA, PhD) to becoming a Stanford professor along with his research, the COVID-19 pandemic, and his views on the inadequacies of the public health community and its handling of the pandemic policy response.

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]]> Jon Hartley false No 3139 1 12 full Milton Friedman, The Chicago School, and The Government’s Incentive To Promote Economic Growth Milton Friedman, The Chicago School, and The Government’s Incentive To Promote Economic Growth https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/milton-friedman-the-chicago-school-and-the-government-s-incentive-to-promote-economic-growth/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/milton-friedman-the-chicago-school-and-the-government-s-incentive-to-promote-economic-growth/#comments Mon, 30 Jan 2023 20:50:00 -0800 capitalismandfreedom.podbean.com/0974708c-8a71-3def-bddb-e07e3763cde5 David Mitch, an economic historian and professor of economics at the University of Maryland Baltimore County, joins the podcast to discuss the The Chicago School of Economics, including his 2016 Journal of Political Economy paper which uncovered how on the University of Chicago economics department nearly hired economists Paul Samuelson and John Hicks over Milton Friedman in 1946, along with David's work on economic growth including arguing how incentives for governments to promote growth historically may have been more to promote militarism than maximize the welfare of its citizens. 

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]]> David Mitch, an economic historian and professor of economics at the University of Maryland Baltimore County, joins the podcast to discuss the The Chicago School of Economics, including his 2016 Journal of Political Economy paper which uncovered how on the University of Chicago economics department nearly hired economists Paul Samuelson and John Hicks over Milton Friedman in 1946, along with David's work on economic growth including arguing how incentives for governments to promote growth historically may have been more to promote militarism than maximize the welfare of its citizens. 

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]]> Jon Hartley false No 2031 1 11 full On The Fiscal Theory of the Price Level and Economic Growth On The Fiscal Theory of the Price Level and Economic Growth https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/on-the-fiscal-theory-of-the-price-level-and-economic-growth/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/on-the-fiscal-theory-of-the-price-level-and-economic-growth/#comments Mon, 23 Jan 2023 19:53:00 -0800 capitalismandfreedom.podbean.com/bc8ae0fa-96af-351f-a827-648dcdc06cbd John Cochrane, economist and senior fellow at the Hoover Institution at Stanford University, joins the podcast to discuss his career, his new book, The Fiscal Theory of the Price Level, about how inflation can be explained by fiscal and monetary policy, New Keynesian macroeconomic models, consumption-based asset pricing and institutional barriers to economic growth.

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]]> John Cochrane, economist and senior fellow at the Hoover Institution at Stanford University, joins the podcast to discuss his career, his new book, The Fiscal Theory of the Price Level, about how inflation can be explained by fiscal and monetary policy, New Keynesian macroeconomic models, consumption-based asset pricing and institutional barriers to economic growth.

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]]> Jon Hartley false No 3024 1 10 full On The History of Occupational Licensing in the U.S. On The History of Occupational Licensing in the U.S. https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/on-the-history-of-occupational-licensing-in-the-us/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/on-the-history-of-occupational-licensing-in-the-us/#comments Fri, 20 Jan 2023 23:02:00 -0800 capitalismandfreedom.podbean.com/25b7f577-0dbe-31c2-9242-a4edf22ce809 Morris Kleiner, the AFL-CIO Chair in Labor Policy at the Humphrey School of Public Affairs at the University of Minnesota and arguably the world's leading authority on occupational licensing, joins the podcast to discuss how he became an economist, the origins of occupational licensing in the 19th and 20th centuries, how since WW2 it's become a major barrier to economic opportunity in the U.S., and how there is some hope for a growing tide of policy initiatives in the early 21st century seeking to relax occupational licensing regulations. 

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]]> Morris Kleiner, the AFL-CIO Chair in Labor Policy at the Humphrey School of Public Affairs at the University of Minnesota and arguably the world's leading authority on occupational licensing, joins the podcast to discuss how he became an economist, the origins of occupational licensing in the 19th and 20th centuries, how since WW2 it's become a major barrier to economic opportunity in the U.S., and how there is some hope for a growing tide of policy initiatives in the early 21st century seeking to relax occupational licensing regulations. 

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]]> Jon Hartley false No 1928 1 9 full Quantitative Investing, Inflation and the Macroeconomy Quantitative Investing, Inflation and the Macroeconomy https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/quantitative-investing-inflation-and-the-macroeconomy/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/quantitative-investing-inflation-and-the-macroeconomy/#comments Sun, 15 Jan 2023 00:40:00 -0800 capitalismandfreedom.podbean.com/b4cdda53-109d-34be-9458-60c7f3fa7da9 Jon Hartley interviewed Rob Arnott, founder and chairman of Research Affiliates, at the Economic Club of Miami on December 3, 2022. Topics discussed include the recent rise of inflation, macroeconomics, capital market returns, value versus growth stocks, factor timing, and index investing among many other topics.

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]]> Jon Hartley interviewed Rob Arnott, founder and chairman of Research Affiliates, at the Economic Club of Miami on December 3, 2022. Topics discussed include the recent rise of inflation, macroeconomics, capital market returns, value versus growth stocks, factor timing, and index investing among many other topics.

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]]> Jon Hartley false No 5147 1 8 full Applying Chicago Price Theory In Academia and Government Applying Chicago Price Theory In Academia and Government https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/applying-chicago-price-theory-in-academia-and-government/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/applying-chicago-price-theory-in-academia-and-government/#comments Sat, 14 Jan 2023 19:39:00 -0800 capitalismandfreedom.podbean.com/af377a7b-b65e-37db-abc0-bf7541b0e2c0 Casey Mulligan, Professor in Economics and the College at the University of Chicago, joins the podcast to discuss how he got interested in becoming an economist from his days as an undergraduate at Harvard in Martin Feldstein's Ec10 class, being an economics graduate student and professor at the University of Chicago teaching the Chicago Price Theory approach, his experience working in the Trump Council of Economic Advisors (CEA), and the long-term influence of University of Chicago economics figures like Milton Friedman, Gary Becker, and George Stigler. 

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]]> Casey Mulligan, Professor in Economics and the College at the University of Chicago, joins the podcast to discuss how he got interested in becoming an economist from his days as an undergraduate at Harvard in Martin Feldstein's Ec10 class, being an economics graduate student and professor at the University of Chicago teaching the Chicago Price Theory approach, his experience working in the Trump Council of Economic Advisors (CEA), and the long-term influence of University of Chicago economics figures like Milton Friedman, Gary Becker, and George Stigler. 

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]]> Jon Hartley false No 1926 1 7 full GSEs, Financial Regulation, Fiscal Policy and Monetary Policy GSEs, Financial Regulation, Fiscal Policy and Monetary Policy https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/gses-financial-regulation-fiscal-policy-and-monetary-policy/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/gses-financial-regulation-fiscal-policy-and-monetary-policy/#comments Fri, 09 Sep 2022 14:42:00 -0700 capitalismandfreedom.podbean.com/b51e0bdb-a3de-324d-9086-d99dc45ea58c Mark Calabria (Former FHFA Director and Cato Senior Advisor) joins the podcast to discuss his tenure as director of the FHFA (Federal Housing Finance Agency), his legacy of creating a capital rule for the GSEs which remains in place, financial regulation in wake of the global financial crisis, as well as fiscal and monetary policy amid the recent surge in inflation following the COVID-19 pandemic. 

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]]> Mark Calabria (Former FHFA Director and Cato Senior Advisor) joins the podcast to discuss his tenure as director of the FHFA (Federal Housing Finance Agency), his legacy of creating a capital rule for the GSEs which remains in place, financial regulation in wake of the global financial crisis, as well as fiscal and monetary policy amid the recent surge in inflation following the COVID-19 pandemic. 

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]]> Jon Hartley false No 3951 6 full Long-term Housing Market Trends and Urban Policy Long-term Housing Market Trends and Urban Policy https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/long-term-housing-market-trends-and-urban-policy/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/long-term-housing-market-trends-and-urban-policy/#comments Thu, 01 Sep 2022 19:12:00 -0700 capitalismandfreedom.podbean.com/fe154eed-812f-3203-b8f2-ffd432995928 Salim Furth (Senior Research Fellow and and Director of the Urbanity project, Mercatus Center) joins the podcast to discuss his background as a macroeconomist turned urban economist and a variety of topics in long-term housing market trends and urban policy, including zoning, LIHTC, rent control, and institutional investor single family rentals, some of which we argue are shaping macro trends in home prices.  

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]]> Salim Furth (Senior Research Fellow and and Director of the Urbanity project, Mercatus Center) joins the podcast to discuss his background as a macroeconomist turned urban economist and a variety of topics in long-term housing market trends and urban policy, including zoning, LIHTC, rent control, and institutional investor single family rentals, some of which we argue are shaping macro trends in home prices.  

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]]> Jon Hartley false No 2605 5 full Credit Unions, Deposit Insurance, Financial Regulation, and Digital Currencies Credit Unions, Deposit Insurance, Financial Regulation, and Digital Currencies https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/credit-unions-deposit-insurance-financial-regulation-and-digital-currencies/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/credit-unions-deposit-insurance-financial-regulation-and-digital-currencies/#comments Wed, 31 Aug 2022 14:45:00 -0700 capitalismandfreedom.podbean.com/6d730062-3566-3cad-afa8-d6ee1fc552f0 Kyle Hauptman (National Credit Union Administration Vice Chairman) speaks on his beginnings working in finance, as an economic policy advisor on the Mitt Romney Presidential campaign as well as in Congress before becoming Vice Chairman of the NCUA, one of the top U.S. financial regulators overseeing approximately 5,000 credit unions which count over 140 million members. Topics ranging from the history of credit unions, deposit insurance and financial regulation, along with how financial regulators are adapting to a world with cryptocurrency and digital assets, are discussed.

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]]> Kyle Hauptman (National Credit Union Administration Vice Chairman) speaks on his beginnings working in finance, as an economic policy advisor on the Mitt Romney Presidential campaign as well as in Congress before becoming Vice Chairman of the NCUA, one of the top U.S. financial regulators overseeing approximately 5,000 credit unions which count over 140 million members. Topics ranging from the history of credit unions, deposit insurance and financial regulation, along with how financial regulators are adapting to a world with cryptocurrency and digital assets, are discussed.

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]]> Jon Hartley false No 1679 4 full IMF Central Bank Technical Assistance and the International Monetary System IMF Central Bank Technical Assistance and the International Monetary System https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/imf-central-bank-technical-assistance-and-the-international-monetary-system/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/imf-central-bank-technical-assistance-and-the-international-monetary-system/#comments Fri, 26 Aug 2022 13:47:00 -0700 capitalismandfreedom.podbean.com/5e83a50c-3627-3bc0-adac-397f914c57fb Milton Friedman student and University of Chicago-trained monetary economist Warren Coats (Johns Hopkins fellow, former IMF economist and central bank advisor to over 20 countries) speaks about his beginnings as an economist as PhD student of Milton Friedman's at the University of Chicago, his 30 year career at the IMF leading central bank technical assistance developing currencies and monetary policy in countries ranging from post-USSR Eastern Europe, post-conflict Bosnia and Kosovo in the 1990s as well as Afghanistan and Iraq in the 2000s following regime change. We also discuss the future of SDRs and the US dollar as a reserve currency in the International Monetary System along with Warren's experience as chief of the IMF SDR division.

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]]> Milton Friedman student and University of Chicago-trained monetary economist Warren Coats (Johns Hopkins fellow, former IMF economist and central bank advisor to over 20 countries) speaks about his beginnings as an economist as PhD student of Milton Friedman's at the University of Chicago, his 30 year career at the IMF leading central bank technical assistance developing currencies and monetary policy in countries ranging from post-USSR Eastern Europe, post-conflict Bosnia and Kosovo in the 1990s as well as Afghanistan and Iraq in the 2000s following regime change. We also discuss the future of SDRs and the US dollar as a reserve currency in the International Monetary System along with Warren's experience as chief of the IMF SDR division.

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]]> Jon Hartley false No 4158 3 full Occupational Licensing, US Medical Residencies and the Doctor Shortage Occupational Licensing, US Medical Residencies and the Doctor Shortage https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/occupational-licensing-us-medical-residencies-and-the-doctor-shortage/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/occupational-licensing-us-medical-residencies-and-the-doctor-shortage/#comments Wed, 24 Nov 2021 14:47:00 -0800 capitalismandfreedom.podbean.com/4f594ebb-8d38-3b74-aec0-2c3103a0204c Milton Friedman dedicated an entire chapter of his 1962 bestseller Capitalism and Freedom to Occupational Licensure and famously criticized the licensing of physicians in the US as being a cause of high costs and doctor shortages. Nearly 60 years later, the physician licensing pipeline, health care costs and doctor shortages (particularly in rural areas) remain a critical public policy issue. Niskanen Center policy analyst Robert Orr breaks down his latest report on repairing the U.S. medical residency pipeline.

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]]> Milton Friedman dedicated an entire chapter of his 1962 bestseller Capitalism and Freedom to Occupational Licensure and famously criticized the licensing of physicians in the US as being a cause of high costs and doctor shortages. Nearly 60 years later, the physician licensing pipeline, health care costs and doctor shortages (particularly in rural areas) remain a critical public policy issue. Niskanen Center policy analyst Robert Orr breaks down his latest report on repairing the U.S. medical residency pipeline.

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]]> Jon Hartley false No 1700 2 full 40 Years Since Milton Friedman‘s ‘Free To Choose‘ 40 Years Since Milton Friedman‘s ‘Free To Choose‘ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/40-years-since-milton-friedman-s-free-to-choose/ https://capitalism-and-freedom-in-the-21st-century.podbean.com/e/40-years-since-milton-friedman-s-free-to-choose/#comments Mon, 15 Jun 2020 21:43:00 -0700 capitalismandfreedom.podbean.com/230f51f3-5b99-5250-ad0c-1a76cf51c295 It's been 40 years since Milton Friedman's famous ten-part television series 'Free To Choose' was broadcast on PBS. Rob Chatfield, President and CEO of the Free To Choose Network (FTCN), speaks to us about the legacy of the original series as well as the variety of new FTCN media programs that continue to promote the ideas of Milton Friedman. 

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]]> It's been 40 years since Milton Friedman's famous ten-part television series 'Free To Choose' was broadcast on PBS. Rob Chatfield, President and CEO of the Free To Choose Network (FTCN), speaks to us about the legacy of the original series as well as the variety of new FTCN media programs that continue to promote the ideas of Milton Friedman. 

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]]> Jon Hartley false No 974 1 full