Mark Calabria is the director of Financial Regulation Studies at the Cato Institute. Before joining Cato in 2009, he worked as a member of the senior staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. He joins the show to discuss working on Capitol Hill amidst the 2008 financial crisis. Mark also discusses his recent Cato paper where he argues insights from behavioral economics suggest monetary policy should be more rules-based. David\u2019s blog: macromarketmusings.blogspot.com/ Mark\u2019s Cato Institute profile: https://www.cato.org/people/mark-calabria Mark\u2019s Alt-M archive: http://www.alt-m.org/author/calabria/ David\u2019s Twitter: @davidbeckworth Mark\u2019s Twitter: @markcalabria Related links: \u201cYes, the Fed has a Diversity Problem\u201d by Mark Calabria https://www.cato.org/blog/yes-federal-reserve-has-diversity-problem \u201cBehavioral Economics and Fed Policymaking\u201d by Mark Calabria https://object.cato.org/sites/cato.org/files/serials/files/cato-journal/2016/9/cj-v36n3-6.pdf