Monetary Policy and The Shadow Open Market Committee Since The 1970s With Mickey Levy | Hoover Institution
Jon Hartley and Mickey Levy discuss Mickey’s early career working with Alice Rivlin at the Congressional Budget Office (CBO) and with Arthur Burns at AEI, as well as being part of the Shadow Open Markets Committee from its early days in the 1970s. They also discuss how monetary policy has evolved from monetarism’s influence in the 1970s and 1980s to inflation targeting since the 1990s, the optimal size of the Fed balance sheet, and the recent pandemic-era 2020s inflation. ABOUT THE SERIES Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information about the podcast, visit Hoover+ .

