Chris Hughes on the Legacy of Arthur Burns and its Implications for Macro Policy Today

Chris Hughes is a senior fellow at the Institute on Race, Power, and Political Economy at The New School, and he is also the co-founder of the Economic Security Project and a senior advisor at the Roosevelt Institute. Previously, he was also the publisher of The New Republic and is a co-founder of Facebook. Chris joins Macro Musings to talk about his work on Arthur Burns’ tenure as Fed Chair and the lessons we can learn from it as applied to today’s inflation experience. Specifically, David and Chris also discuss Arthur Burns’ view of the economy and inflation, how his perspective on business psychology impacted these views, Burns’ view of fiscal and industrial policy as a tool for combating inflation, and a lot more.   Transcript for this week’s episode.   Chris’s Twitter: @chrishughes Chris’s website   David Beckworth’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *Rethinking Arthur Bruns, the “Worst” Fed Chair in History* by Chris Hughes   *Digital Dollars: Critical Design Choices and Effects of a Central Bank Digital Currency* by Chris Hughes