))
Beware the Soft Landing Narrative with Economist Peter C. Earle and Kate Wand
Manage episode 352957378 series 3360386
Content provided by Kate Wand. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kate Wand or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
There are increasing signs that the 2021 – 2022 inflationary surge is cooling. But will there be a soft landing? A recession? What are the kind of narratives we will be told about Fed policies over the last few years, and the effectiveness of monetary policy?
To help me answer these questions, I was joined by Pete Earle on Liberty Curious. Pete is an economist for AIER who spent over 20 years as a trader at a number of securities firms and hedge funds in New York and the New York area.
He expects narratives to emerge about how the Fed handled Covid, and that there is a distinct possibility that - like in the past - a far more charitable version of the last three years than is justified will emerge and become the definitive account.
Why is this important? Because the narratives that form today will become the received wisdom and history book accounts of the future. That may result in less skepticism among the public regarding what monetary policy can do, and we may confront a more emboldened central bank in the future.
Pete's article: https://www.aier.org/article/welcome-the-disinflation-beware-the-narrative/
#thefed #softlanding #powell
0:00 - introduction
1:06 - effects of fed policy
2:04 - the lag time
3:15 - money printing & inflation
4:09 - narratives
5:33 - how much can the fed control?
6:33 - soft landing of the 'Maestro'
9:14 - monetary policy & myth of central bankers
11:40 - the importance of narratives
13:00 - the New Deal & studying narratives
14:18 - what are we going to be told?
16:54 - there is no formula
18:04 - central planning & central banks
21:19 - last thoughts
If you enjoy the Liberty Curious podcast and other content by AIER, make sure to subscribe to our new YouTube channel @AIER dedicated to short, dynamic videos that explore the topics of sound money, economic freedom, defending freedom & fighting collectivism.
Listen and subscribe 👇
Apple: https://aier.site/LiberyCuriousPodcast
Spotify: https://aier.site/LibertyCuriousSpotify
Audible: https://aier.site/LibertyCuriousAudible
Player FM: https://aier.site/LibertyCuriousPlayerfm
YouTube: https://aier.site/LibertyCuriousPlaylist
More about AIER: https://aierdotorg.taplink.ws/
aier.org
49 episoade
Distribuie
