Subscribe to the new Macro Musings YouTube Channel! Jesús Fernández-Villaverde is a professor of economics at the University of Pennsylvania. Jesús returns to the show to discuss his rise on X, how to frame global demographic decline, the three accelerants of demographic decline, the role of housing in family size, how AI will play a role in global demographics, what we know about AGI, the question of dollar dominance, and much more. Check out the transcript for this week's episode, now with links. Recorded on February 20th, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Jesús Fernández-Villaverde on X: @JesusFerna7026 Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:07:22 - Demographics 00:39:28 - Artificial Intelligence 00:54:07 - Currency Dominance 01:03:20 - Outro

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

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