One is you can say, 'Okay, this is a step in the right direction. There's like, two ways you could judge anything in politics. I thought it was a missed opportunity to go further, simply because, I think the reality is that the Fed is not going to want to change frameworks a lot. I'm just wondering, what was your take on that development? Average Inflation Targeting and a Plea for Fiscal Policy Because you know I would have liked nominal GDP level targeting, but I think it's a step in the right direction. He actually covers the Fed fairly closely, and has had great things to say about it.īeckworth: Matt one of them, for me, more exciting developments has been the Fed's new framework, the average inflation targeting framework, which incorporates makeup policy, and it didn't go as far as I would have liked it. But for those who don't know, Matt is quite the Fed watcher himself. I promise listeners, we'll get back to Matt's book shortly. But before we do that, just a quick question about another area where you also happen to follow closely and that's the Fed. That's population or country we'll get back to that. I think it ties together a lot of the different pieces and areas you've been writing on through the years, with a common, overarching link that brings them all together. But you've written now your third book, right? This is your third book you've written? Is that right?īeckworth: Okay. In fact, I think our history goes back to the great glory days of blogging, right after the great financial crisis, and a lot of good times back then. You are quite the internet celebrity and a writer and contributor, and it's been great to engage with you on these issues through the years. ĭavid Beckworth: Matt, welcome back to the show.īeckworth: Well, it's great to have you on.

If you notice an error, please reach out to. Note: While transcripts are lightly edited, they are not rigorously proofed for accuracy. Finally, they also discuss the Fed’s new average inflation targeting regime, and what kind of direction the Fed will take over the new few years.

Matt once again joins Macro Musings to discuss his new book, *One Billion Americans: The Case for Thinking Bigger.* Specifically, David and Matt talk about how to reinvigorate the economy through enacting better housing and transportation policies, dramatically increasing immigration, reviving America’s forgotten cities, and more. Matt Yglesias is the co-founder of Vox, a senior correspondent who focuses on politics and economic policy, and a returning guest to the podcast.

One billion americans book