Eric Lonergan is macro hedge fund manager, and economist, and a writer. He has written for Foreign Affairs, the Financial Times, and has authored the book *Money (The Art of Living)*. More recently, Eric has also co-authored a new book called *Angrynomics*. He joins the show today to talk about how to improve policymakers' responses to recessions. David and Eric also discuss helicopter drops, dual interest rates, and how governments can make monetary policy more direct. Transcript for the episode: https://www.mercatus.org/bridge/podcasts/04152019/how-respond-recessions Eric's Twitter: @ericlonners Eric's blog: https://www.philosophyofmoney.net/blog/ Related Links: *Money: The Art of Living* by Eric Lonergan https://www.cambridge.org/core/books/money/486535FC2BE6ADB342A82A668584AE71 *Fixing the Euro Zone and Reducing Inequality, Without Fleecing the Rich* by Eric Lonergan and Mark Blyth https://hbr.org/2015/01/fixing-the-euro-zone-and-reducing-inequality-without-fleecing-the-rich 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.