Monetary Policy And The Shadow Open Market Committee Since The 1970s

Jon Hartley and Mickey Levy discuss Mickey’s early career working with Alice Rivlin at the Congressional Budget Office (CBO) and with Arthur Burns at AEI, as well as being part of the Shadow Open Markets Committee from its early days in the 1970s. They also discuss how monetary policy has evolved from monetarism’s influence in the 1970s and 1980s to inflation targeting since the 1990s, the optimal size of the Fed balance sheet, and the recent pandemic-era 2020s inflation.

Recorded on October 14, 2026.

Cast

Jon Hartley

Jon Hartley

Mickey D. Levy

Mickey D. Levy

Related

Videos

The Counter Revolution: Victor Davis Hanson On The Fall And Rise Of Trump

How did Donald Trump go from political defeat and the aftermath of January 6 to a second term in the White House?

 

October 19, 2026

Videos

What 2026 Nobel Laureate Robert Hall Taught Us About The Economy

Valerie Ramey discusses how Hall’s “New Keynesianism” school of thought impacts modern economic scholarship and its utilization in practical terms, as well as her working relationship with the future laureate, dating back to her graduate-school days, when she served as Hall’s research assistant on matters like the flat tax.           

October 16, 2026

Videos

The Enduring Influence Of Thomas Sowell

From politics and economics to journalism and culture, leading voices reflect on how Thomas Sowell’s ideas shaped their thinking and continue to inspire new generations.

October 15, 2026