2024-04-15
56 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 Josh Hendrickson.
Josh is the department chair of economics at the University of Mississippi and the author of a new paper that looks at dollar dominance through the broad historical perspective that he calls the treasury standard.
Josh joins us today to discuss the treasury standard.
Josh, welcome back to the program.
Great to be back.
It's good to have you on.
And this is quite an interesting paper.
We'll circle back to it in a few minutes.
Before we do, Josh, though, I read your substack economic forces.
You co author it, but this week was your week, I believe, and you had an article out on the apparent breakdown in the relationship between consumer sentiment, how people feel, and kind of real hard economic data.
And you cite two articles, a recent one and an older one, to kind of reconcile what's going on there.
So maybe walk us through that.
Cause I think it's very interesting.
And there's one article that was cited that many people may not know about, but I think is important and needs to be maybe better appreciated.
So please share it with us.
Yeah.
So the kind of motivation for the post was I keep seeing all these articles in the media that are kind of like, hey, things are great.