Jon Hartley is a macroeconomist and affiliated scholar at the Mercatus Center. Jon returns to the show to discuss the most recent Hoover Monetary Conference, the legacy of John Taylor, why central banks should be using his new measure of r-star, the status of debt management at the US Treasury, and much more. Check out the transcript for this week's episode, now with links. Recorded on August 26th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Jon Hartley on X: @Jon_Hartley_ Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps 00:00:00 - Intro 00:05:56 - John Taylor's Contributions to Economics 00:34:10 - Better Measure of R-Star 00:48:11 - The Government's Debt Management Policy 01:03:39 - Outro

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

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