Carola Binder

In this conversation, Carola Binder, an economics professor at the University of Texas-Austin specializing in central bank independence, discusses the increasing political pressures on the Federal Reserve. She highlights how the criticisms have escalated under President Trump, questioning the Fed's autonomy. Binder elaborates on the potential inflationary effects of mere criticism and examines whether the independence of the Fed has been irreversibly compromised. She reflects on the historical significance of the Fed's authority and its implications for future economic stability.

Carola Binder, an economics professor at the University of Texas at Austin and author of "Shock Values," dives into the historical context of inflation in America. She discusses the origins of price indexes, including the inaugural index created in 1750, and charts the political ramifications of inflation throughout U.S. history. The conversation reveals how economic shocks shape monetary policy, the struggles surrounding national banks, and lessons from past crises that inform today's strategies for managing inflation. A must-listen for anyone interested in economics!

Carola Binder, a Professor of civic leadership and economics at the University of Texas at Austin, discusses the intricate interplay between inflation and democracy. She reveals how inflation shaped economic debates since America's founding and highlights the stark differences in inflation expectations between Republicans and Democrats today. The conversation includes critiques of traditional monetary policy, the need for central banks to consider asset prices, and the complexities in measuring inflation perceptions amidst evolving media narratives.

Carola Binder, an associate professor at the University of Texas at Austin and author of *Shock Values: Prices and Inflation in American Democracy*, joins the discussion on inflation's historical context. She delves into the implications of adopting nominal GDP targeting for monetary policy, emphasizing its potential to enhance stability. Carola also reflects on the Fed's upcoming framework review and shares insights from past economic struggles during the American Revolutionary and Civil Wars, revealing how these challenges have shaped contemporary monetary policy.

Carola Binder, author of 'Shock Values: Prices and Inflation in American Democracy', discusses the historical impact of price instability on the United States. Topics include the evolution of inflation blame, price controls in American history, and the push towards transparency in central banking.