#17 - Interview with Charles Hayden

AppliedMMT Podcast

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

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