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Artwork for Macro Musings

Macro Musings with David Beckworth

Mercatus Center at George Mason University
Federal Reserve
Monetary Policy
Inflation
Fiscal Policy
Interest Rates
Stablecoins
Labor Market
Quantitative Easing
Macroeconomic Policy
Dollar Dominance
Economic Policy
Nominal GDP Targeting
Bitcoin
Dollarization
GENIUS Act
Financial Stability
Stable Coins
Argentina
Macroeconomics
Tariffs

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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Artwork for Macro Musings

Latest Episodes

Patrick Harker is the Rowan Distinguished Professor, Professor of Operations, Information and Decisions at the Wharton School of the University of Pennsylvania, and the former president of the Philadelphia Federal Reserve Bank. He joins the program t... more

Christina Skinner is a legal and financial scholar at the University of Pennsylvania, a former Bank of England official, and recently stepped down from her role as deputy assistant secretary in the FSOC office at the Treasury. Christina returns to th... more

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John Rolle is governor of the Central Bank of The Bahamas and is the second sitting central bank governor to appear on Macro Musings. In his first appearance on the show, John joins the program to discuss what it's like to manage a central bank in a ... more

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George Selgin was a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute and professor emeritus of economics at the University of Georgia. George returns to the show to discuss the New Deal's... more

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Recent Guests

Christina Skinner
Legal and financial scholar at the University of Pennsylvania and former Bank of England official
University of Pennsylvania
Episode: Christina Skinner on the Financial Stability Oversight Council and Central Bank Independence
John Rolle
Governor of the Central Bank of The Bahamas
Central Bank of The Bahamas
Episode: John Rolle on The Bahamas' Fixed Exchange Rate and the First Nationwide Central Bank Digital Currency
George Selgin
Senior fellow and Director of Mercatus Center's Center for Monetary and Financial Alternatives at the Cato Institute
Cato Institute
Episode: George Selgin on the New Deal and the History of Banking Crises
Erik Thedéen
Governor, Sveriges Riksbank
Sveriges Riksbank
Episode: Erik Thedéen on QE, Central Bank Independence, and Digital Payments
Ellen Correia Golay
Lead Treasury advisor in the Markets Group at the Federal Reserve Bank of New York
Federal Reserve Bank of New York
Episode: Ellen Correia Golay on All-to-All Trading and Treasury Market Liquidity
Nellie Liang
Former Treasury and Federal Reserve official; co-author of the paper on stablecoins
Brookings Institution; former Undersecretary for Domestic Finance
Episode: Nellie Liang on Stablecoins After GENIUS, Private Money, and the Global Dollar
Stephen Miran
Former Federal Reserve Governor, former Chair of the Council of Economic Advisers
Former Fed Governor; former CEA Chair
Episode: Stephen Miran on Regulatory Dominance, Shrinking the Fed's Balance Sheet, and the Return of Monetarism
Donald Kohn
Former Vice Chair and Governor of the Federal Reserve
Federal Reserve, Brookings Institution
Episode: Donald Kohn on the Fed's Past, Present, and Future
Ben Harris
Vice President and Director of Economic Studies at the Brookings Institution; former Treasury Department and CEA official
Brookings Institution
Episode: Ben Harris on AI, Fiscal Sustainability, and the Resilience of the U.S. Economy

Host

David Beckworth
Host of the show; economist affiliated with the Mercatus Center

Reviews

4.8 out of 5 stars from 950 ratings
  • Great guests and deep understanding

    Anyone with an interest in developing a nuanced understanding of current economic issues would love this podcast. It’s superb!

    Apple Podcasts
    5
    Robert in San Francisco
    United Statesa month ago
  • Great podcast

    Amazing podcast! I learn a lot every week.

    Apple Podcasts
    5
    Time223344
    United States3 months ago
  • Lyman Stone

    Great show

    Apple Podcasts
    5
    GMac1776
    United States7 months ago
  • Thorvald

    Best Central Bank show out there. David has the right people on for in-depth discussion on contemporary central bank policy issues. If your are into ongoing discussion of monetary and fiscal policy, this is your station

    Apple Podcasts
    5
    Nbtgm1
    Norway7 months ago
  • Horwitz - Monetary Disequilibrium

    Very informative and insightful. Thanks!

    Apple Podcasts
    5
    FFSanchez
    United States7 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listeners praise the show's rigorous, well-researched macro discussions and strong guest lineup.
Some reviews call for more accessible entry points for non-experts, indicating audience could benefit from structured explainers.
Many appreciate clear, thorough explanations that make complex topics accessible.
Guest diversity and historical context are frequently highlighted as strong points.
Positive sentiment around production quality and credible guests.
Floating criticism notes occasional perceived pro-mederal perspectives but generally high regard for depth and quality.
Overall, audience values depth, range of perspectives, and practical insights for policy and markets.
Guests are seen as highly credible and topic-rich, contributing to strong reputation.
Listeners often donate, underscoring appreciation for public policy-focused content.
A few criticisms distrust editorial stance in politics, but these are in minority.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#117
Saudi Arabia/Business
Apple Podcasts
#178
Argentina/Business
Apple Podcasts
#199
Philippines/Business
Apple Podcasts
#214
India/Business
Apple Podcasts
#234
Norway/Business

Talking Points

Recent interactions between the hosts and their guests.

Ellen Correia Golay on All-to-All Trading and Treasury Market Liquidity
Q: What did the off-the-run Treasury liquidity research find, and what policy changes might improve liquidity?
Liquidity declines as securities age, with lower trading volumes and greater price impacts, but improves when securities are cheapest to deliver into Treasury futures. Buybacks, central clearing and potentially larger issues could support activity, though the research did not conclude that larger issues are clearly better.
Ellen Correia Golay on All-to-All Trading and Treasury Market Liquidity
Q: What does all-to-all trading mean in the Treasury market, and how might it help address the problems discussed?
It would allow any market participant to trade with any other rather than routing every trade through dealers. This could create more ways to match buyers and sellers when dealer balance sheets are constrained, though limited matching activity and clearing arrangements remain obstacles.
Christina Skinner on the Financial Stability Oversight Council and Central Bank Independence
Q: The question isn't, do you support central bank independence? But the question really should be independence to do what?
Skinner says central bank independence has a strong justification for monetary policy and protecting the value of money, but that rationale does not automatically extend to functions such as supervision, payments, emergency lending and balance-sheet policy. Those activities may require greater coordination and democratic accountability.
Christina Skinner on the Financial Stability Oversight Council and Central Bank Independence
Q: What is FSOC, what is its history, who leads it?
Skinner describes FSOC as the United States' macroprudential authority, created by the Dodd-Frank Act after the 2008 financial crisis. It brings together 15 members from across financial regulators to monitor and respond to systemic risks, with the Treasury Secretary at its helm.
John Rolle on The Bahamas' Fixed Exchange Rate and the First Nationwide Central Bank Digital Currency
Q: What role does the Sand Dollar CBDC play in financial inclusion and resilience?
The Sand Dollar is designed to expand access to payments, especially for the unbanked in an archipelago, by linking to the banking system, enabling peer-to-peer transfers, and interfacing with ongoing retail and wholesale payment infrastructures while maintaining central bank oversight and AML controls.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Macro Musings

What is Macro Musings about and what kind of topics does it cover?

Focused on macroeconomics, monetary policy, and financial regulation, the show features deep dives with leading economists, central bank historians, and policy researchers. Topics span central bank balance sheets, digital currencies, policy frameworks, and the intersection of finance with public policy. Episodes are notable for high-caliber guests, rigorous analysis, and historical context that helps listeners understand current policy debates and future risks. The program often blends theoretical framing with practical implications for investors, policymakers, and professionals seeking to stay ahead of macro trends. Noteworthy strengths include a strong reputation for rigorous, research-driven discussion and access to a wide network of exp... more

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Which podcasts are similar to Macro Musings?

These podcasts share a similar audience with Macro Musings:

1. Odd Lots
2. Macro Hive Conversations With Bilal Hafeez
3. Monetary Matters with Jack Farley
4. Conversations with Tyler
5. Forward Guidance

How many episodes of Macro Musings are there?

Macro Musings launched 11 years ago and published 573 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Macro Musings?

Recent guests on Macro Musings include:

1. Christina Skinner
2. John Rolle
3. George Selgin
4. Erik Thedéen
5. Ellen Correia Golay
6. Nellie Liang
7. Stephen Miran
8. Donald Kohn

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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