The Libertarian Podcast: Professor Epstein’s Potpourri: The Court, Some Pork, and a Dash of Musk

Raghuram Rajan joins Steve Davis at Jackson Hole to offer his take on Kevin Warsh’s speech and Scott Bessent’s recent bond market interventions.

Hoover Institution fellow Darrell Duffie talks about the integration of tokenized finance into mainstream financial markets and notes that key tokenized innovation lies in the ability to make payments around clock, a feature that traditional banking systems do not do.

This follows up my last post on lowering rates to lower inflation. As before, suppose you accept the neutral and stable long run of new Keynesian economics, so lower rates will eventually bring down inflation (fiscal policy held constant!), but there is a contrary movement in the short run.