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Artwork for The Capitalism and Freedom in the Twenty-First Century Podcast

The Capitalism and Freedom in the Twenty-First Century Podcast

Jon Hartley
Milton Friedman
Inflation
Remote Work
Economic Growth
Macroeconomics
Economic Policy
New Keynesian Economics
Federal Reserve
Monetarism
Hoover Institution
Universal School Choice
Public Policy
Monetary Policy
Great Recession
Chile
Larry Summers
Economic Policy Uncertainty
Ayn Rand
Harvard University
Fiscal Policy

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”.

PublishesTwice monthlyEpisodes72Founded4 years ago
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Listen to this Podcast

Artwork for The Capitalism and Freedom in the Twenty-First Century Podcast

Latest Episodes

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 mo... more

YouTube

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 a... more

YouTube

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 th... more

YouTube

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 Hum... more

YouTube

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Recent Guests

Steve Miran
Current governor of the Federal Reserve Board
Federal Reserve Board
Episode: Reducing the Fed’s Balance Sheet With Fed Board Governor Stephen Miran | Hoover Institution
Charlie Calomiris
Emeritus professor of finance at Columbia Business School; banking scholar and author
Columbia Business School; Shadow Open Markets Committee
Episode: Banking Systems and Crises from Deposit Insurance to Stablecoins with Charles Calomiris | Hoover Institution
Jim Esposito
President of Citadel Securities
Citadel Securities
Episode: Is Miami Becoming Wall Street South? With Citadel Securities President Jim Esposito | Hoover Institution
Tevi Troy
Presidential Historian and author
Reagan Institute
Episode: The White House vs. Industry Titans: A History of American Power Struggles with Tevi Troy | Hoover Institution
Luis Garicano
Spanish economist, professor of public policy at the London School of Economics, and former European member of Parliament
London School of Economics
Episode: Why Does Europe Struggle with Innovation? With Luis Garicano | Hoover Institution
Matteo Maggiori
Maghadam Family Professor of Finance at Stanford Graduate School of Business, Senior Fellow at the Hoover Institution
Stanford University
Episode: Matteo Maggiori on China, Geoeconomics and Exchange Rates | Hoover Institution
Don Brash
Former Governor of the Reserve Bank of New Zealand and prominent economist
Reserve Bank of New Zealand
Episode: The Origins of Inflation Targeting in New Zealand with Don Brash | Hoover Institution
David Henderson
Research fellow at the Hoover Institution and emeritus professor of economics at the Naval Postgraduate School.
Hoover Institution
Episode: Property Rights and the UCLA School of Economics with David Henderson | Hoover Institution
George Tavlas
Alternate Governor of the Bank of Greece for the European Central Bank and Distinguished Fellow at the Hoover Institution
Bank of Greece
Episode: George Tavlas on the History of Monetarism | Hoover Institution

Host

Jon Hartley
Host of discussions centered on economics, finance, and public policy, articulating complex ideas often related to Milton Friedman's theories.

Reviews

4.6 out of 5 stars from 74 ratings
  • Poor audio

    Check the audio and quality of recording mates!!! Some episodes are barely audible

    Apple Podcasts
    2
    Orlac2
    Italy9 months ago
  • Potential for 5 stars

    Interesting topics and excellent guests. Two issues that could be addressed: (1) as others have said the sound quality is generally poor, and (2) the host talks too much — almost a monologue leading up to every question. I would like to hear more from the guests and less from the host.

    Apple Podcasts
    3
    modmica
    United Statesa year ago
  • Sound quality could be improved

    The content in this podcast series is great, but the recorded sound quality of some guest speaker voices is uneven which makes them hard to understand. Guest speaker voice content should be normalized and equalized to match the quality of the host, whose voice is easy to hear and to understand throughout the entire podcast series.

    Apple Podcasts
    4
    Rx192A1
    United States2 years ago
  • Informative, interesting, and great guests

    Jon has a deep and varied knowledge of economics which allows him to draw out interesting thoughts from his well curated line up of top-tier guests.

    Apple Podcasts
    5
    dingomeetsbaby
    United States2 years ago
  • Excellent Podcast

    A highly informative podcast for anyone interested not just in economics but politics, IR, law, or just about anything. Jon is a wonderful host and has a talent for making an increasingly complex economic environment extremely easy to follow. Count me in as a regular listener!

    Apple Podcasts
    5
    AnanmayAgarwal
    United States4 years ago

Listeners Say

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

Many listeners appreciate the depth of the content and the high caliber of guests featured.
The host's extensive knowledge and ability to engage guests are frequently highlighted as strengths.
Overall, there are suggestions for improvements, particularly in terms of audience engagement during discussions.
Criticism has been directed at sound quality issues, affecting the overall listening experience.

Chart Rankings

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

Talking Points

Recent interactions between the hosts and their guests.

Reducing the Fed’s Balance Sheet With Fed Board Governor Stephen Miran | Hoover Institution
Q: How do AI and deregulation factor into your view of the neutral rate, and what implications does that have for policy going forward?
AI and deregulation act as positive supply shocks that raise productivity and the return on capital, pushing the neutral rate higher. This means monetary policy might tolerate a higher neutral rate for longer, influencing how aggressively future policy should respond to inflation and unemployment.
Reducing the Fed’s Balance Sheet With Fed Board Governor Stephen Miran | Hoover Institution
Q: What are the key risks on the asset side if the Fed were to unwind its holdings too quickly, and how can policy avoid a taper tantrum-like reaction?
The main risk is a spike in long-term rates due to large, rapid asset sales. To avoid this, the approach should be gradual, with a slow pace of reduction and careful sequencing of asset sales, plus ensuring that regulatory and market structures reduce frictions so that markets can absorb securities coming off the balance sheet.
Reducing the Fed’s Balance Sheet With Fed Board Governor Stephen Miran | Hoover Institution
Q: In your paper, you've outlined a number of items on the liability side of the balance sheet that could minimize distortions around shrinking the balance sheet. What are some of those options, and how do they help?
The options largely focus on reducing reserve demand to enable a smaller balance sheet without triggering market instability. This includes improving the functioning of repo markets, central clearing of Treasury repo to reduce regulatory charges, and addressing the GSIB surcharge distortions that make Treasuries costlier to hold. Together, these reforms would lower the effective cost and frictions of shrinking the balance sheet while preserving ample liquidity.
The Origins of Inflation Targeting in New Zealand with Don Brash | Hoover Institution
Q: What were you paying attention to in your governorship to ensure inflation expectations were being anchored?
We were focused on actual inflation outcomes as they conditioned expectations significantly.
The Origins of Inflation Targeting in New Zealand with Don Brash | Hoover Institution
Q: What were those conversations like with other central bankers?
Brash recalls that during his time, the focus was primarily on getting inflation under control rather than debating inflation targets.

Audience Metrics

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Frequently Asked Questions About This Podcast

What is This Podcast about and what kind of topics does it cover?

Exploring the intersections of economics, finance, and public policy, this series offers insightful discussions centered around themes related to Milton Friedman's ideas, particularly his seminal work 'Capitalism and Freedom'. The episodes often feature prominent guests who provide valuable perspectives on pressing economic issues, historical events, and policy implications. Notably, the content provides a balance of theoretical frameworks and real-world applications, making complex topics accessible to a broad audience.

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Which podcasts are similar to this podcast?

These podcasts share a similar audience with this podcast:

1. Macro Musings with David Beckworth
2. Conversations with Tyler
3. EconTalk
4. Capitalisn't
5. GoodFellows: Conversations on Economics, History & Geopolitics

How many episodes of this podcast are there?

this podcast launched 4 years ago and published 72 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 this podcast?

Recent guests on this podcast include:

1. Steve Miran
2. Charlie Calomiris
3. Jim Esposito
4. Tevi Troy
5. Luis Garicano
6. Matteo Maggiori
7. Don Brash
8. David Henderson

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