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Macro Musings with David Beckworth
Brian Albrecht on Business Dynamism, Greedflation, and Antitrust
Feb 3, 2025
Brian Albrecht, chief economist at the International Center for Law & Economics and co-author of Economic Forces, dives into compelling economic discussions. He examines the decline of business dynamism and the rise of 'greedflation,' explaining how market power affects industries today. Albrecht critiques traditional theories on tariffs and urges a reevaluation of their economic impact. He also discusses the Biden administration's antitrust efforts, emphasizing challenges in regulating big tech. A must-listen for insights on modern economic policy!
56:33
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Quick takeaways
- Brian Albrecht emphasizes the disconnect between rising market power and business dynamism, challenging traditional assumptions about industry performance.
- The podcast highlights the Biden administration's aggressive antitrust measures, which focus more on potential future competition rather than current market conditions.
Deep dives
Brian Albrecht's Role and Background
Brian Albrecht serves as the chief economist for the International Center for Law and Economics, where his work primarily focuses on incorporating economic reasoning into policy discussions. His prior experience includes earning a PhD from the renowned University of Minnesota, where he developed a deep interest in microeconomic theory. In his role at the ICLE, he collaborates with approximately 90 academic affiliates and emphasizes the importance of teaching basic economic principles to policymakers and legal professionals. Albrecht discusses his commitment to bringing economic analysis to contemporary policy issues and educating various stakeholders on key economic concepts.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode