4.8 • 3.3K Ratings
🗓️ 30 July 2017
⏱️ 33 minutes
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Lucas Engelhardt, associate professor of economics at Kent State University, joins me to discuss bad ways to reform the monetary system, as well as good ones. (Bad ones include the Taylor rule, inflation targeting, NGDP targeting, and Milton Friedman's approach.)
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0:00.0 | The Tom Woods Show, episode 963. |
0:03.4 | Prepare to set fire to the index card of allowable opinion. |
0:08.0 | Your daily dose of liberty education starts here, the Tom Woods Show. |
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0:30.7 | Hey, everybody, Tom Woods here. |
0:32.2 | I am at the Meeses Institute, |
0:34.1 | and I kind of thought all week long I would be recording podcast episodes with all the |
0:38.6 | faculty members here, but instead I went to all the sessions and was enthralled and recorded nothing. |
0:44.2 | So I thought, I've got to have something to show for myself. |
0:46.8 | I brought all the equipment. |
0:47.9 | I had all these ambitious plans. |
0:50.0 | So I roped poor Lucas Englehart here. |
0:52.6 | This is what happens when you have relatively low seniority on the Mises Institute faculty. |
0:56.9 | You get roped in all these things against your will. |
0:59.6 | That's exactly right. |
1:00.5 | Lucas is a youngster, relative youngster here. |
1:03.5 | But actually, my gosh, has been teaching for how many years was it again? |
1:07.9 | Seven years now. |
1:08.7 | Seven years. |
1:09.7 | Is it all at Kent State? |
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