I posted final month on my Substack, “I Weblog to Differ,” the primary a part of my interview with monetary planner Drew Benson, a former scholar of mine within the Masters Macro class I taught at San Jose State College in early 2009. I posted on the final 35 minutes immediately on Substack and have determined, for the primary time, to submit the identical factor right here.
Right here’s the final 35 minutes
Some highlights.
3:50: Lockdowns led to a less-robust civil society.
5:35: Connection between lockdowns and George Floyd riots.
6:25: How our daughter adjusted to the San Francisco lockdown and our worry of getting caught going to see her.
8:10: Decide Steve Williams dying within the hospital alone.
8:48: Why Bryan Caplan could be happy with Drew Benson.
10:10: The large price of lockdowns to folks in poor international locations.
11:40: The worldwide decline in excessive poverty and its transient reversal throughout lockdown.
14:30: Threat from COVID by age.
15:00: I referred to Heritage Basis; I meant Hillsdale Faculty.
15:40: A number of co-morbidities.
17:30: Fed habits, 2008-09 and 2020-21.
19:00: Fed mistake—paying curiosity on reserves.
19:50: Bernanke broke his promise made at Friedman’s eightieth party.
21:25: Who predicted low inflation in 2009 and excessive inflation in 2021? Jeff Hummel.
22:15: Taking Jeff Hummel’s Masters in Financial Concept class. Getting the very best grade.
24:10: Commodity cash.
24:30: How Hummel’s class helped me write the Wall Road Journal article through which I criticized Diamond/Dybvig mannequin.
25:59: Has WSJ ever dialed me again?
27:10: Having my WSJ article rely equal my age.
29:10: Inflation: True and False.
30:00: What Alan Greenspan did in 1987 in response to a higher than 22% fall in Dow-Jones in sooner or later. (The most important fall in our historical past.)
31:30: The 1951 Treasury/Fed Accord is lifeless.
