2024-09-02
49 分钟Welcome to Macro musings, where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past, present, and future.
I am your host, David Beckworth, a senior research fellow at the Mercator center at George Mason University.
And I'm glad you decided to join us.
Our guest today is Stephen Marin.
Stephen is a former senior advisor to the US Treasury Department, a senior strategist at Hudson Bay Capital, and a fellow at the Manhattan Institute.
Stephen joins us today to discuss his recent paper with Nouriel Roubini titled activist Treasury Issuance and the tug of war over monetary policy, as well as his thoughts on what a second Trump presidency would mean for the fed and financial markets.
Stephen, welcome back to the show.
Thank you.
It's a real pleasure to be here.
Thanks for having me.
It's great to have you on again.
Now, previously I had you and Dan Katz on to talk about your paper where you called for reforms of the Federal Reserve, another interesting paper in addition to the one we're going to talk about today.
So you are just filled with great insights and opportunities for reform in the financial system.
Well, I don't know about insights, but I certainly enjoy asking questions that are difficult to ask.
Okay.
And as a previous guest, you are now also probably drinking from a nominal GDP targeting mug as well.
So welcome to the class.
And everything tastes better from it.
Absolutely.
Okay.