#17 - Interview with Charles Hayden

In this episode, Charles Hayden joins Ryan to discuss:

• Warren Mosler’s thesis that the Fed has interest rate policy backwards
• MMT academics countering mainstream economists
• Mainstream economists thinking unemployment is necessary to reduce inflation
• Saudi oil prices & their impact on inflation
• Negative GDP prints in 2022 & recession fears
• Bank credit increasing despite rate hikes
• Fed collateral rules rather than rate hikes causing regional bank failures
• Marc Goldwein’s hypocrisy on deficits & rate hikes
• The government as the source of the price level
• Volcker-era inflation & policy response
• Deregulation of energy under Jimmy Carter and its impact on inflation
• Mosler’s “term structure of prices”
• CPI as a look backwards, not into the future
• The policy rate as the forward inflation rate
• MMT & electoral politics
• Warren Mosler as this generation's Keynes
• Mosler's car company
• The real looming recession threat
• Charles' investment strategy
• Charles' conversation with Larry Summers
• The state of MMT activism

Links

• Charles on Twitter (@CarlitosMMT)
• Mosler/Murphy debate (organized by Charles)
• MMT, Finance, and Interest Rate Policy

AppliedMMT.com
AppliedMMT on Twitter
Douglas (@MMTmacrotrader) on Twitter

Disclaimer: The content of this podcast is for informational purposes only and should not be construed as financial or investment advice. The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any associated employers or organizations. Listeners should consider their financial circumstances and consult with a professional advisor before making any investment decisions