Macro Musings with David Beckworth

03 - John Cochrane on Finance, the Fiscal Theory of the Price Level, and Blogging

Apr 25, 2016
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Episode notes
1
Introduction
00:00 • 3min
2
The Evolution of Economics
02:43 • 3min
3
The Fiscal Theory of the Price Level
05:18 • 2min
4
The Fiscal Theory and Inflation
07:22 • 3min
5
The Fiscal Theory Explains the Vulnerability of Money
10:18 • 2min
6
The Fiscal Theory and Expected Surpluses
12:16 • 5min
7
The Fiscal Theory and Government Debt
17:15 • 3min
8
The Discount Rate and the Business Cycle
20:24 • 4min
9
The Alternative to Government Debt
23:54 • 2min
10
The Slow Adjustment of the Discount Rate
25:43 • 2min
11
The Demand for Government Bonds
27:40 • 2min
12
The Importance of Investing in a Factory in China
29:13 • 2min
13
The Low Discount Rates on Government Bonds
31:14 • 2min
14
The Fiscal Theory of the Price Level Explains the Great Inflation
33:27 • 4min
15
The Role of the Fiscal Theory of the Price Level in US History
37:23 • 5min
16
The Equivalence of a Gold Standard
42:27 • 2min
17
The Fiscal Theory of the Price Level
44:38 • 2min
18
The Fiscal Theory of the Price Level
46:19 • 3min
19
The Fed's Quantitative Ease Programs
49:41 • 3min
20
How to Be a Successful Macro Economist
53:07 • 2min
21
The Evolution of Microeconomics
55:07 • 2min