Kai Risdahl
speaker
13,684 appearances
88 recordings
5 series
first heard Jan 2025
last heard yesterday
Kai Risdahl’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 86 in all, peaking in Aug 2026 with 14.
Appearances
Chairman Kevin Wars stayed true to his word.
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No forward guidance was forthcoming, no hint of what the central bank is thinking about what it might do in the weeks and months to come.
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The thing about running an economy though, is that what that future might bring is way outside your control.
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And that brings me
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To our economic explainer of the day.
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Our guides today Veronique de Rougy, Chair and Senior Research Fellow at the Mercatus Center, that's at George Mason University, Rashad Ahmed at the Anderson Institute for Finance and Economics, and Ken Cuttner, Professor of Economics at Williams College.
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Fiscal dominance doesn't fit
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What you see in an economy in a state of fiscal dominance is monetary policy makers, the Fed, just for instance, being forced to act in certain ways by fiscal policy makers.
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That's Congress and the president.
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economy.
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You might have seen some headlines about our debt burden forty trillion dollars.
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Inflation, as of the latest PCE reading, three point seven percent, way, way higher than the two percent the Fed wants it to be.
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And when you are in debt, the way the federal government is, inflation actually reduces the real value of the money that you owe.
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You all know I'm a history guy, right?
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So as an explanation of fiscal dominance,
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The government sold something near $185 billion worth of war bonds all in all.
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That's in 1940s dollars.
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The national debt jumped from forty-nine billion dollars in nineteen forty-one to almost two hundred and sixty billion by the end of nineteen forty-five.
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So through the war and for a while afterward, the Fed kept interest rates low even as inflation started to rise.
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There you have it.
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Showing 701–720 of 13,684 · page 36 of 685
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