The Capitalism and Freedom in the Twenty-First Century Podcast

Luke Froeb joins the podcast to talk about his career in economics, what it's like to be the chief economist at the FTC and DOJ antitrust division, how these agencies make decisions about merger cases, the history of the Chicago School consumer welfare standard and the types of analytical tools and modeling that underlies the approach, along with the rise of the New Brandeisians and their failures thus far. Jon Hartley is an economics researcher with interests in international macroeconomics, finance, and labor economics and is currently an economics PhD student at Stanford University. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity, a Senior Fellow at the Macdonald-Laurier Institute, and a research associate at the Hoover Institution. Learn more about your ad choices. Visit megaphone.fm/adchoices

Glenn Hubbard (Former White House CEA Chair and Columbia Business School Professor) joins the podcast to discuss his career in academia and government along with his views on tax policy, including the legacy of the Bush tax cuts and corporate tax reforms, the optimal features of consumption taxes, the current path of government spending and public debt as well as the political economy issues underlying the recent rise of populism. Learn more about your ad choices. Visit megaphone.fm/adchoices

Andrew Olmem (Former White House National Economic Council Deputy Director) joins the podcast to discuss his views on the CARES Act and inflation as well as the state of financial and banking regulation, including everything from deposit insurance to lender of last resort, in the wake of Silicon Valley Bank's failure and over ten years since the Dodd-Frank Act was passed. Learn more about your ad choices. Visit megaphone.fm/adchoices

DJ Nordquist (Former World Bank US Executive Director and Economic Innovation Group SVP) joins the podcast to discuss her experience serving as World Bank US Executive Director from 2019 to 2021 and as White House Council of Economic Advisers Chief-of-Staff, discussing topics ranging from China's graduation from being a World Bank aid recipient, COVID-19 World Bank/IMF fiscal aid, international corporate tax competition, and opportunity zones. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tyler Cowen (George Mason University Economics Professor and Mercatus Center Director) joins the podcast to discuss his career, various long-run economic and political trends, whether policy or culture matters most for economic growth, whether schools of economic thought are still relevant, the state of economics education, the success of Marginal Revolution University as well as finding entrepreneurial talent through Emergent Ventures. Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh Rauh (Stanford GSB Finance Professor and Hoover Senior Fellow) joins the podcast to discuss his distinguished academic career, his research in public economics on taxes and public pensions, his time at the Trump Administration White House Council of Economic Advisors, the legacy of the CARES Act together with other COVID-19 era spending, and the future path of U.S. public debt. Learn more about your ad choices. Visit megaphone.fm/adchoices

Simon Johnson (MIT Sloan Economics Professor and Former IMF Chief Economist) joins the podcast to discuss his new book "Power and Progress", co-authored with his MIT colleague Daron Acemoglu, on the interplay between technology, political economy, and economic development. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jon Hartley interviewed Dave Altig, Research Director of the Federal Reserve Bank of Atlanta, at an Economic Club of Miami event held at Miami-Dade College on April 19, 2022. Topics discussed include inflation, interest rate and economic growth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Bordo (Rutgers Economics Professor and Hoover Distinguished Visiting Fellow) joins the podcast to discuss his career, monetary history, the legacy of Bretton Woods 50 years later, and historical banking crises amid ongoing regional bank failures. Learn more about your ad choices. Visit megaphone.fm/adchoices

Diana Furchtgott-Roth (Heritage Fellow and GWU Adjunct Professor) joins the podcast to discuss her career including her government service in the Reagan, George H.W. Bush, George W. Bush and Trump administrations, along with her current work on environmental regulation and infrastructure. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kevin Hassett (Former CEA Chairman and Hoover Institution Distinguished Fellow) joins the podcast to discuss his career, the legacy of the Tax Cuts and Jobs Act (TCJA), including corporate tax reform and opportunity zones, the Trump administration's response to COVID-19 in the CARES Act, inflation, and the ongoing debt limit standoff. Learn more about your ad choices. Visit megaphone.fm/adchoices

John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution, joins the podcast to discuss how he initial got interested in economics, his initial training in econometrics as a PhD student at Stanford which led him to monetary economics, his seminal contributions to the foundations of New Keynesian economics including the Taylor Rule and its influence, his views on monetary policy in the US, Europe and Japan over the decades, international economics, the state of fiscal policy, and economic growth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jay Bhattacharya (Stanford University Professor of Medicine) joins to the podcast to discuss his beginnings being born in Calcutta, India, his journey to Stanford as a student obtaining four degrees at the institution (BA, MD, MA, PhD) to becoming a Stanford professor along with his research, the COVID-19 pandemic, and his views on the inadequacies of the public health community and its handling of the pandemic policy response. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Mitch, an economic historian and professor of economics at the University of Maryland Baltimore County, joins the podcast to discuss the The Chicago School of Economics, including his 2016 Journal of Political Economy paper which uncovered how on the University of Chicago economics department nearly hired economists Paul Samuelson and John Hicks over Milton Friedman in 1946, along with David's work on economic growth including arguing how incentives for governments to promote growth historically may have been more to promote militarism than maximize the welfare of its citizens. Learn more about your ad choices. Visit megaphone.fm/adchoices

John Cochrane, economist and senior fellow at the Hoover Institution at Stanford University, joins the podcast to discuss his career, his new book, The Fiscal Theory of the Price Level, about how inflation can be explained by fiscal and monetary policy, New Keynesian macroeconomic models, consumption-based asset pricing and institutional barriers to economic growth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Morris Kleiner, the AFL-CIO Chair in Labor Policy at the Humphrey School of Public Affairs at the University of Minnesota and arguably the world's leading authority on occupational licensing, joins the podcast to discuss how he became an economist, the origins of occupational licensing in the 19th and 20th centuries, how since WW2 it's become a major barrier to economic opportunity in the U.S., and how there is some hope for a growing tide of policy initiatives in the early 21st century seeking to relax occupational licensing regulations. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jon Hartley interviewed Rob Arnott, founder and chairman of Research Affiliates, at the Economic Club of Miami on December 3, 2022. Topics discussed include the recent rise of inflation, macroeconomics, capital market returns, value versus growth stocks, factor timing, and index investing among many other topics. Learn more about your ad choices. Visit megaphone.fm/adchoices

Casey Mulligan, Professor in Economics and the College at the University of Chicago, joins the podcast to discuss how he got interested in becoming an economist from his days as an undergraduate at Harvard in Martin Feldstein's Ec10 class, being an economics graduate student and professor at the University of Chicago teaching the Chicago Price Theory approach, his experience working in the Trump Council of Economic Advisors (CEA), and the long-term influence of University of Chicago economics figures like Milton Friedman, Gary Becker, and George Stigler. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Calabria (Former FHFA Director and Cato Senior Advisor) joins the podcast to discuss his tenure as director of the FHFA (Federal Housing Finance Agency), his legacy of creating a capital rule for the GSEs which remains in place, financial regulation in wake of the global financial crisis, as well as fiscal and monetary policy amid the recent surge in inflation following the COVID-19 pandemic. Learn more about your ad choices. Visit megaphone.fm/adchoices

Salim Furth (Senior Research Fellow and and Director of the Urbanity project, Mercatus Center) joins the podcast to discuss his background as a macroeconomist turned urban economist and a variety of topics in long-term housing market trends and urban policy, including zoning, LIHTC, rent control, and institutional investor single family rentals, some of which we argue are shaping macro trends in home prices. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kyle Hauptman (National Credit Union Administration Vice Chairman) speaks on his beginnings working in finance, as an economic policy advisor on the Mitt Romney Presidential campaign as well as in Congress before becoming Vice Chairman of the NCUA, one of the top U.S. financial regulators overseeing approximately 5,000 credit unions which count over 140 million members. Topics ranging from the history of credit unions, deposit insurance and financial regulation, along with how financial regulators are adapting to a world with cryptocurrency and digital assets, are discussed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Milton Friedman student and University of Chicago-trained monetary economist Warren Coats (Johns Hopkins fellow, former IMF economist and central bank advisor to over 20 countries) speaks about his beginnings as an economist as PhD student of Milton Friedman's at the University of Chicago, his 30 year career at the IMF leading central bank technical assistance developing currencies and monetary policy in countries ranging from post-USSR Eastern Europe, post-conflict Bosnia and Kosovo in the 1990s as well as Afghanistan and Iraq in the 2000s following regime change. We also discuss the future of SDRs and the US dollar as a reserve currency in the International Monetary System along with Warren's experience as chief of the IMF SDR division. Learn more about your ad choices. Visit megaphone.fm/adchoices

Milton Friedman dedicated an entire chapter of his 1962 bestseller Capitalism and Freedom to Occupational Licensure and famously criticized the licensing of physicians in the US as being a cause of high costs and doctor shortages. Nearly 60 years later, the physician licensing pipeline, health care costs and doctor shortages (particularly in rural areas) remain a critical public policy issue. Niskanen Center policy analyst Robert Orr breaks down his latest report on repairing the U.S. medical residency pipeline. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's been 40 years since Milton Friedman's famous ten-part television series 'Free To Choose' was broadcast on PBS. Rob Chatfield, President and CEO of the Free To Choose Network (FTCN), speaks to us about the legacy of the original series as well as the variety of new FTCN media programs that continue to promote the ideas of Milton Friedman. Learn more about your ad choices. Visit megaphone.fm/adchoices