Neil Irwin is a senior economics correspondent for the New York Times and was formerly a columnist at the Washington Post. He is the author of the book, *The Alchemist: Three Central Bankers and a World on Fire*, and he joins the show today to talk about his work as an economics correspondent. David and Neil also discuss the invisible recession of 2016, how monopsony power affects labor market wage setting, and the political fallout from the Great Recession. Transcript for the episode: https://www.mercatus.org/bridge/podcasts/11262018/economic-journalism-recession-economics-and-international-monetary-policies Neil's Twitter: @Neil_Irwin Neil's New York Times profile: https://www.nytimes.com/by/neil-irwin Related Links: *The Alchemists: Three Central Bankers and a World on Fire* by Neil Irwin https://www.amazon.com/Alchemists-Three-Central-Bankers-World/dp/0143124994 *The Policymakers Saved the Financial System. And America Never Forgave Them* by Neil Irwin https://www.nytimes.com/2018/09/12/upshot/financial-crisis-recession-recovery.html *The Most Important Least Noticed Economic Event of the Decade* by Neil Irwin https://www.nytimes.com/2018/09/29/upshot/mini-recession-2016-little-known-big-impact.html *Are Superstar Firms and Amazon Effects Reshaping the Economy?* by Neil Irwin https://www.nytimes.com/2018/08/25/upshot/big-corporations-influence-economy-central-bank.html *Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?* https://www.nber.org/papers/w23134.pdf *What Recovery? The Case for Continued Expansionary Policy at the Fed* by J.W. Mason http://rooseveltinstitute.org/what-recovery/ David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth

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“What did the council decide on item 42?” — answered with the speaker and the moment.