Inflation arrived, COVID stuck around in its various forms and the world became a lot more complicated in terms of nations edging to the brink of hostilities. Hoover senior fellows Niall Ferguson, H.R. McMaster and John Cochrane ring out the old and ring in the new, offering their takes on what transpired in 2021 and what to expect in the new year.
Recorded December 14, 2021
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Interest-paying electronic money, completely safe without deposit insurance, would be a great thing. For example, Silicon Valley Bank would never have had huge uninsured deposits that ran if there had been an easy safe place for large depositors to put their money.
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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.
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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.
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