Adam Ozimek on Reforming the High-Skilled Immigration Process
Adam Ozimek is the Chief Economist at the Economic Innovation Group. Adam returns to the show to discuss the importance of reforming the high-skilled immigration process, the main bottlenecks with our current green card system, the glory days of economics blogging, how to revitalize the American heartland, Trump’s current trade war, and much more. Check out the transcript for this week’s episode, now with links. Recorded on April 15th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Follow Adam on X: @ModeledBehavior Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps: (00:00:00) – Intro (00:00:50) – Blogging Days (00:02:33) – How to Fix High-Skilled Immigration (00:27:08) – Busting the Myths (00:33:58) – Additional Parts of Adam’s Immigration Proposal (00:40:13) – Trump’s Trade War (00:58:25) – Outro
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59:06
Skanda Amarnath on the Future of the Federal Reserve and it’s Framework
Skanda Amarnath is the executive director of Employ America. Skanda returns to the show to discuss the standing of Humphrey’s Executor, the prospects for the Fed’s Framework Review, the case for NGDP Targeting, and much more. Check out the transcript for this week’s episode, now with links. Recorded on April 16th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Follow Skanda on X: @IrvingSwisher Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps: (00:00:00) – Intro (00:02:01) – Humphrey’s Executor (00:12:35) – The Fed’s Framework Review (00:37:18) – Fed’s Communication (00:47:36) – Productivity (00:59:07) – Outro
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59:48
Andy Levin on Holding the Fed Accountable
Andy Levin is a professor of economics at Dartmouth College and longtime advisor to many central banks. Andy returns to the show to discuss his policy brief on holding the Fed accountable for its spending practices. Check out the transcript for this week’s episode, now with links. Recorded on April 9th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps: (00:00:00) – Intro (00:00:50) – Andy’s Professional Background (00:02:07) – Overstaffed or Overworked? (00:04:09) – The Fed’s Extraordinary Independence (00:10:10) – Inspector Generals and the Fed (00:20:33) – The Fed’s Workers and Payroll (00:37:35) – Updates to the Fed’s Headquarters (00:48:24) – Other Fed Challenges (00:56:26) – How to Improve the Fed (00:58:24) – Outro
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59:04
Kathryn Judge on the Importance of Emergency Lending Facilities at the Federal Reserve
Kathryn Judge is a law professor at Columbia University and a legal scholar of the Federal Reserve and financial policy. Kathryn returns to the show to discuss the Fed’s Emergency Lending Facilities, or 13(3) and current happenings at the Federal Reserve. Check out the transcript for this week’s episode, now with links. Recorded on March 27th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Kathryn Judge on X: @ProfKateJudge Follow the show on X: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps: (00:00:00) – Intro (00:01:43) – History of Section 13(3) (00:03:55) – Increasing Use of 13(3) (00:06:55) – Unusual and Exigent Circumstances (00:08:53) – Changes to 13(3) (00:13:17) – Classification of the Facilities (00:21:13) – Should the Fed Be Doing Emergency Lending? (00:25:42) – Feature or Bug? (00:33:19) – Fed Independence (00:47:45) – Regionalism of the Fed (00:55:23) – Outro
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56:03
Paul Blustein on the Rise, Dominance, and Current Challenges to King Dollar
Paul Blustein is a former Washington Post and Wall Street Journal journalist who has authored several acclaimed books on global economic institutions. In Paul’s first appearance on the show, he discusses the historical rise of the dollar, it’s present-day power, how it compares to other global currencies, current challenges to its power, the rise of crypto, and much more. Check out the transcript for this week’s episode, now with links. Recorded on March 26th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Paul Blustein on X: @PaulBlustein Follow the show on X: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps: (00:00:00) – Intro (00:00:52) – Paul’s Books (00:05:08) – Motivations for King Dollar (00:09:02) – History of the Dollar (00:12:57) – Nixon Shock of 1971 (00:23:36) – Paul Volcker (00:33:14) – Dollar Dominance and Statecraft (00:40:46) – What About the Euro? (00:44:42) – Cryptocurrency as a Rival to the Dollar (00:47:54) – Drawbacks of Dollar Dominance (00:57:03) – Outro Â
Hosted by David Beckworth of the Mercatus Center, Macro Musings pulls back the curtain on the important macroeconomic issues of the past, present, and future.
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