The Classicist: The Embers Of California

Chicago Fed President Austan Goolsbee sits down with Steve for a conversation about how central banks should respond to supply shocks. Steve also asks Austan for the inside story on what happens at FOMC meetings.

Many people have appropriately criticized President Trump’s promise to give $5,000 to every American adult if the voters elect enough Senators and House members to keep Republican control of each chamber.

Six winners of the Nobel Prize in economics recently signed a statement in favor of California’s Proposition 40, the measure that would impose a one-time 5 percent tax on California billionaires.