Macro Musings with David Beckworth


Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Recent Episodes
  • Christina Skinner on Central Bank Digital Currency as New Public Money
    Jun 5, 2023 – 01:00:10
  • Gianluca Benigno on the Basics and Policy Functionality of R** and the Dollar’s Imperial Circle
    May 29, 2023 – 49:00
  • Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*
    May 22, 2023 – 55:14
  • Jeanna Smialek on *Limitless: The Federal Reserve Takes on a New Age of Crisis*
    May 15, 2023 – 51:20
  • Nathan Tankus on the Future of MMT and How to Avoid U.S. Debt Default
    May 8, 2023 – 01:08:21
  • Brian Sack on the Fed’s Balance Sheet and How to Improve the Floor Operating System
    May 1, 2023 – 47:33
  • Mark Calabria on *Shelter From the Storm: How a COVID Mortgage Meltdown Was Averted*
    Apr 24, 2023 – 55:20
  • BONUS: George Hall on Financing World War II and Managing Post-War Debt
    Apr 19, 2023 – 19:15
  • George Hall on the History of the U.S. National Debt and Government Financing
    Apr 17, 2023 – 49:55
  • Bill Nelson on the Fed’s Discount Window Lending, the Overnight Reverse Repo Facility, and the Shifting Size of the Fed’s Balance Sheet
    Apr 10, 2023 – 54:12
  • Kate Judge and Peter Conti-Brown on the Lessons Learned from the 2023 Banking Panic
    Apr 3, 2023 – 56:57
  • Brian Riedl on the Current and Future Outlook for US Public Finance and Budget Reform
    Mar 27, 2023 – 53:26
  • Steven Kelly on the Silicon Valley Bank Collapse and Its Implications for Financial Policy
    Mar 20, 2023 – 52:23
  • Derek Tang on the Present and Future Landscape for Fed Policy and Politics
    Mar 13, 2023 – 52:03
  • Joey Politano on Fed Policy, Inflation, and the Current State of the US Economy
    Mar 6, 2023 – 53:10
  • Peter Conti-Brown on the Legal and Regulatory Issues Facing the Fed and Financial Markets
    Feb 27, 2023 – 52:31
  • David Wilcox on the Debt Ceiling Crisis and the Crippling Costs of Default
    Feb 20, 2023 – 51:58
  • Julie Hill on the History and Recent Developments of Fed Master Accounts
    Feb 13, 2023 – 01:00:12
  • Macro Lit Review 3: Highlights from Early 2023 with George Selgin
    Feb 6, 2023 – 49:32
  • Michael Strain on Averting the Looming Debt Ceiling Disaster
    Jan 30, 2023 – 47:50
  • John Roberts on Macroeconomic Modeling at the Fed, Makeup Policy, and the Future of FAIT
    Jan 23, 2023 – 55:37
  • Paul Tucker on *Global Discord: Values and Power in a Fractured World Order*
    Jan 16, 2023 – 58:13
  • Victoria Guida on Developments at the Federal Reserve and in Financial Regulation
    Jan 9, 2023 – 55:08
  • Martin Chorzempa on China’s Cashless Revolution and the Rise of Super Apps
    Jan 2, 2023 – 59:29
  • Heather Long, Ryan Avent, and Cardiff Garcia on Pandemic Reflections and Economic Predictions for the Future
    Dec 26, 2022 – 54:13
  • Tomas Hirst on the State of ECB Policy and the Eurozone Economy
    Dec 19, 2022 – 48:12
  • Joe Gagnon on *25 Years of Excess Unemployment* and the Phillips Curve Debate
    Dec 12, 2022 – 53:54
  • BONUS: Noah Smith on the State of Macroeconomics
    Dec 7, 2022 – 30:10
  • Noah Smith on the Future of the Chinese Economy and the Climate of Social Change in the US
    Dec 5, 2022 – 48:16
  • Hugh Rockoff on Optimal Currency Areas, “Yellowbacks,” and Free Banking
    Nov 28, 2022 – 43:29
  • Patrick Horan and David Beckworth on *The Fate of FAIT* and the Future of the Fed’s Monetary Framework
    Nov 21, 2022 – 51:59
  • Ethan Ilzetzki on the International Implications of Fed Policy, Business Cycle Theory, and the UK Crisis
    Nov 14, 2022 – 57:33
  • Megan Greene on the UK’s Recent Market Turmoil and What it Means for the Future of the Global Economy
    Nov 7, 2022 – 46:36
  • Yesha Yadav on Treasury Market Turmoil and Potential Solutions for Reform
    Oct 31, 2022 – 54:04
  • Peter Ganong on the Dynamism and Resiliency of the US Economy
    Oct 24, 2022 – 52:37
  • Bill Nelson on How Bank Examiner Preferences are Obstructing Monetary Policy
    Oct 17, 2022 – 49:34
  • BONUS: George Selgin on *False Dawn: The New Deal and the Promise of Recovery*
    Oct 12, 2022 – 34:12
  • Macro Lit Review 2: Highlights from Late 2022 with George Selgin
    Oct 10, 2022 – 56:35
  • Bill English on the Effectiveness of QE and the Consequences of Fed Losses
    Oct 3, 2022 – 52:35
  • Andrew Levin on the Costs and Benefits of QE4 and the Future of the Fed’s Balance Sheet
    Sep 26, 2022 – 54:54
  • Steven Kelly on Crises, Stability, and the Fed’s Role in Financial Markets
    Sep 19, 2022 – 49:22
  • Scott Sumner on Alternative Approaches to Monetary Policy
    Sep 12, 2022 – 52:32
  • Hanno Lustig on Fiscal Dominance, Inflation, and the Effects of Long-term Interest Rate Decline
    Sep 5, 2022 – 55:21
  • Joshua Younger on the Treasury Market: Structure, Stressors, and Potential Reforms
    Aug 29, 2022 – 54:16
  • Carola Binder on the Importance of Inflation Expectations and How Policymakers Should Respond
    Aug 22, 2022 – 53:17
  • Jeffrey Lacker on the Past, Present, and Future of Federal Reserve Policy
    Aug 15, 2022 – 52:59
  • BONUS: Gerard DiPippo on China’s Attempts to Infiltrate the Fed
    Aug 10, 2022 – 17:49
  • Gerard DiPippo on the Russia Sanctions, Demographic Decline, and the Future of the Global Monetary System
    Aug 8, 2022 – 59:18
  • Tom Graff on the July FOMC Meeting and the Recession Debate
    Aug 1, 2022 – 49:52
  • Ellen Meade on Transparency, Independence, and Lessons for the Fed’s Next Framework Review
    Jul 25, 2022 – 57:47
Recent Reviews
  • IlVisconteDimezzato
    Hands down best podcast
    This podcast is fantastic. It is consistently interesting, informative, and intellectually engaging. Amazing and thoughtful guests and helpful links provided with each episode. If you are just curious about monetary policy or a dedicated macro economist, this is the best way to spend one hour each week. Your brain will thank you for it.
  • Africanking101
    Great Pod!!
    Very neat Dr. Beckworth!
  • sm05!
    Well done - how to apply economic thinking and keep up to speed in new ideas
    Great interviews, David Beckworth is a pro, and you can really see he knows his stuff, yet ask questions that speak to an audience from Economists to business owners to investors and folks that want to be up on economic thinking. Be awesome to see an “after-show” recap of some really big ideas, some additional facts and maybe even an application to a current event if that wasn’t already made during the show (which it usually is). This is the sort of podcast that’s making me smarter. Awesome recording quality as well. Well done!
  • samshshs
    Good stuff
    Great show. I enjoy the host’s demeanor and the show’s topics. Sometimes I wish they explained the concepts more but I appreciate that it’s a show for experts.
  • GatewayBOF
    Great econ/events podcast
    Thoughtful and ideologically diverse guests and great insight into what’s going on in the economy.
  • josuefm96
    good stuff
    great pod
  • JMontes1969
    Worth your time
    Give this podcast a listen! You don’t have to be a trained economist to learn something new and enjoy doing it. Dr Beckworth is an great host with a sense of humor and a humble approach.
  • Willbillbna
    This show covers a wide range of economic thought from a diversity of perspective. A wonderful resource for anyone learning or teaching economics and a great way to stay close to the currents of political economy.
  • MasterKanobi
    Let’s keep political views out
    This lady obviously has a political agenda, and it just happens to be to the far left, the views should be balanced, not everyone opposed to destruction of their neighborhoods is a wealthy land owner! Utterly ridiculous!
  • Nlaz3
    I love this podcast
    I’ve been listening since the earliest days, in 2016, and it has been incredibly helpful in nurturing my interest in economics as I finished undergrad and got into the field. The guests have spanned a wide variety of fields in economics, and David asks pointed and interesting questions of all of them. Though he often plays the role of detached interviewer, he’s a capable research economist in his own right and that knowledge comes through. I have on many occasions referred back to an old episode for a reference. I find I learn as much from these discussions as I would in the same amount of time spent reading academic papers, sometimes more because of the clear explanations offered. The podcast format allows me to learn while driving, biking, doing chores, etc. This is a public good, and I’m proud to have donated to the Mercatus Center to help provision it. (Also I wanted the NGDP target mug, but one can have multiple motivations for donating.)
  • JRL Tennessee
    Adam Posen Interview
    You cannot let a great guest go to waste because of crap sound… Please do not allow a guest to speak at the computer. Mic them up correctly or wait till you can. For this interview he sounds likes he’s in a small, enclosed room and the sound is reverberating off the walls…Otherwise I very much love your show…
  • Avishs01
    Great breadth and depth on key macro topics
    A little something for everyone interested in macro. David keeps it fresh, and I like that he also hits on market-facing topics frequently rather than just a more purely theoretical discussion.
  • lucreman
    Just really good
    entertaining and informative, plain and simple. a grasp of monetary policy that’s better than what you can find in almost any financial journalist and a curiosity about economics that’s greater than what you find in many academics!
  • pmmcmu
    Very informative and thoughtful discussion.
    Very good podcast. A detailed thoughtful discussion.
  • @Atahualpa
    Great Listen But
    This is a great listen and informative as to the mainstream view. I think it could be improved if David would raise some of the rising popular criticisms of those views and tools with respect to a) lack of transparency, b) aggravating the wealth gap, d) credibility of and challenges to the dollar, e) competing systems. All of that with a reference to great events and disturbances in history. Again, I love it, but find it a bit too deferential to central bank dogma.
  • Learner987654321
    Thoughtful and insightful
    David Beckworth, the host of Macro Musings, is a terrific interviewer. He has a very diverse set of guests on the show, treats them with respect, and asks good questions. I’ve learned a lot from listening!
  • 87654321098
    Good podcast!
  • Jske47Irish
    Macro Musings - Not For the Generalist
    You probably need some basic background in economics to get the most out of these podcasts. A Money, Credit and Banking course would be ideal. A lot of the podcasts revolve around Fed monetary policy. But with a little reading and background prep, you can really get a lot out of David Beckworth’s discussions with leading economists in academia, government and the private sector. Well worth your time to listen to these podcasts — at least if you care about the economics issues of the day — and historically.
  • Noriaki2013
    Latest episode
    The latest episode with Tom Hoenig was wrongly released on Conversation with Tyler. which helped me find the show!
  • XmasBaby777
    Exactly what we should all be listening to…
    The BIG picture of helpful and thoughtful insights into what’s going on now, what’s ahead, and how to think about the economic implications of our world changed by COVID.
  • Chef Medz
    Detailed podcast
    My favorite is with Jim Bianco. I learned a lot about what’s going with low and negative interest rates, the fed and with repos. Will be tuning in daily. Thank you
  • Wewoot68
    Thank you for reminding me of my love for Economics
    In college I double majored and Economics I studied because I enjoyed it. Performing research with my professors are my favorite memories from that time period. Since then I had forgotten how much I enjoy learning about Economics and listening to this learning thinkers of this community. I’m truly thankful for reminding me how much I enjoy this field. I was on the edge but, this podcast was helped me decide to go back to school for my Doctorate in Economics.
  • Nbtgm1
    Well worth the time
    I discovered this blog recently on advice by a friend. The guests are generally very good and engage in good conversations with the host. As a former central banker, I find this blog really a gem, both on central banking issues and on macro in general. Highly recommended!
  • philosopher_king
    Fascinating Relevant Economic Podcast
    This is hands down one of the most amazing podcasts ever. It’s topical, features top notch economists and is conducted in a way that is so pleasing to listen to that all you need to do is grab a glass of what-have-you sit back and be immersed in easily understandable economic insight from some of the best professionals and academics in the field. Mace Musings makes Economics a true pleasure to learn about while covering the most current and engaging topics. If you are new to the podcast, look for a title with a topic that strikes your interest and prepare to be hooked!
  • Scott.Richards
    Fascinating conversations, insightful & entertaining
    David Beckworth is a brilliant, highly engaging host that never fails to deliver a conversation that is accessible, informative, and highly entertaining. While many macroeconomists view their trade as a solemn branch of applied math, David reminds us how economic thinking can elucidate the world around us. Excellent work and many thanks for the tremendous effort - you've made us better thinkers and inspired us to engage with new ideas!
  • JMatt271828
    Great economics podcast
    This is a great podcast that anyone even remotely interested in macroeconomics should listen to.
  • Econ Strategies
    The Real Deal
    Not glitzy, and certainly not dumbed down, this podcast is for those like to think great thoughts about macro economics. The guests are leaders in their fields. The questions are thoughtful, relevent, and provocative. You know that David Beckworth does his homework ahead of time. Also the accoustics are usually very good, with host and guest clear and at the same volume.
  • Ndjdjbataijbdbjrueuu77653!$
    Highly Recommended!
    Very informative
  • Elliott2485
    My favorite econ podcast
    Though David Beckworth is an expert in his own right on monetary policy and can speak knowledgeably about economics in general, he lets his guests do the talkingand never interrupts. He uses his economic insight to ask great questions that move the discussion down interesting paths. As is often said, you have to be fairly knowledgeable yourself to know which questions are the right ones. One thing he does that I deeply appreciate is that after his guest has spoken at length and in detail about a subject, he will often rephrase and consolidate what was just said in a way that is conscious of the laypeople in his audience. He gets some of the best guests of any economics podcasts around, whether they are established Nobel-winning heavyweights or up and coming young economists. It's one of the best econ podcasts around, and great for any econ nerds who want to hear deep dives into policy and theory.
  • J Stogey
    Great Weekly Subjects!
    A great weekly podcast and very much geared towards today’s economic events!
  • yakkyyak
    Keep up with the latest in academic economics!
    Always great guests and fascinating discussions on topics across economics. A great way to keep up with new ideas and research!
  • rongardenhiresbrain
    A must for Econ junkies
    Macro musings is reliably topical and always interesting. David Beckworth manages to feature most of the leading Economics minds while having an uncanny way of asking the exact questions that I want answered. If you can get past the blatant nominal gdp targeting propaganda it is a fantastic way to spend an hour exercising your mind.
  • Greg A 2018
    Best economics podcast out there
    A gem of a podcast. Dr. Beckworth gets highly esteemed guests from academia, industry, and the fed. They talk about the economy and really distill complicated and interesting ideas into manageable bites. This podcast makes the subject of economics addicting!
  • Expat^2
    Incredible resource
    Maybe one of the best podcasts, and the best podcast on economics without a doubt.
  • KoreanJohn
    Awesome podcast for those who are studying econ
    Hi, currently I am preparing a test to get in this trade agency here in South Korea and actually this podcast is really helpful for me to gain all these quaility information. The only thing that’s hilarious about this podcast is that the host is one of the most laid-back hosts ever seen given that guests talk during most of the podcast running time haha
  • Houston B.
    Great podcast on economics!
    Thoughtful and engaging discussions on macroeconomic and financial issues.
  • Brett74747474
    Best Macro econ podcast
    Insightful, smart, good guests
  • Brent Econ
    Excellent podcast
    An excellent podcast to learn about economic history, ideas, and theory
  • enronal
    Essential listening
    Macromusings is essential listening for anyone interested in developments in macroeconomics, including professional economists. Beckworth and guests delve into key questions and controvversies of macroeconomics, but with a light touch and good humor on Beckworth's part that makes it always enjoyable as well as informative. Great economics podcast.
  • Yobolight
    Best podcast on macroeconomics
    Economics podcasts are a dime a dozen these days, but none delve into weedsy topics like the global safe-asset shortage or nominal GDP targetting in the way that this one does. I can't reccomend it enough.
  • jclerch
    Helpful for teaching AP Econ
    This podcast has helped me supplement my teaching many times with real, relevant discussions involving today's economic leaders. Thank you!
  • Kmat922
    Best Econ podcast out there
    Mostly covers macro economics. He brings all sorts of guest with a great variety of viewpoints so this will be sure to challenge any priors you hold. Already, I can say this podcast has made me question and change my mind on a number of things.
  • K@te7856
    Non-partisan calm discussions about key economic issues
    My favorite part about macro musings is David’s ability to have guests on from a variety of professional and academic backgrounds. Each guest brings a set of unique credentials and experiences. In today’s media landscape of hyperbole around economic news and events, it is great to have a podcast explore important topics with a nuanced and balanced view.
  • RY98
    Great Insight
    A delightful listen.
  • D Bunn
    In depth, educational discussions
    The variety of macro topics covered by this podcast make it a must-listen for folks who want to stay current on recent and developing my macroeconomic policy debates.
  • philipaugustus
    Wide-ranging, genius host, not right-wing
    This is probably my favorite economics podcast (in a race with FT's Alphachat and KPFA's Behind the News) and it is getting even better, very fast. Emphasizes monetary policy and the great recession. Favorite episodes: #86 - William Barnett (new angle on the Volcker disinflation) #58 - David Schleicher (hipster deregulation) #40 - Anat Admati (bank leverage buzzkill) #32 - Roger Farmer (the weirdest Keynesian) Now I know what my fellow liberals are thinking: Really? A podcast from the Koch-backed Mercatus Center? Why are you wasting your time with this? Well that's what I was thinking but I WAS WRONG.
  • Powning Freak
    Stimulating Discussion on Current Econ Topics
    This podcast has quality guests and the host makes sure that everything discussed is palatable for listeners. Great podcast.
  • A_loyal_reader
    Must listen for macro insights
    If you’re keen to learn about NGDP targeting and other cutting-edge macroeconomics, there’s no better person to learn from than David and his merry band of macro experts.
  • YagiTro
    Great mix of academia and practical insights
    Mr. Beckworth does a great job of inviting guests that have deep understanding of the issues from an academic perspective but that also understand the practitioners point of view.
    Solid listen
    Great for fans of EconTalk and the like
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