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Josh Hendrickson is Associate Professor of Economics at the University of Mississippi and Chair of the Economics Department. Josh joins David on Macro Musings to discuss US monetary policy and US defense policy. Specifically, Josh and David discuss the coordination of fiscal and monetary policy and what Milton Friedman would think of it today, the Fed\\u2019s responsibility for modern inflation trends, state capacity and how it impacts economic growth, the role of national defense in the context of state capacity and economic growth, and much more.

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Take the Macro Musings listener survey here.

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Transcript for the episode can be found here.

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Josh\\u2019s Twitter: @RebelEconProf

Josh\\u2019s Ole Miss profile: https://economics.olemiss.edu/joshua-hendrickson/

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Related Links:

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*Central Banks are Inflation Creators, Not Inflation Fighters* by Joshua R. Hendrickson

https://www.mercatus.org/publications/monetary-policy/central-banks-are-inflation-creators-not-inflation-fighters

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*Evolution, Uncertainty, and the Asymptotic Efficiency of Policy* by Brian C. Albrecht, Joshua R. Hendrickson, and Alexander William Salter

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3251917

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*The Coronavirus and Lessons for Preparedness* by Josh Hendrickson

https://www.mercatus.org/publications/covid-19-crisis-response/coronavirus-and-lessons-preparedness

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*Preventing Plunder, Military Technology, Capital Accumulation and Economic Growth* by Brian C. Albrecht, Joshua R. Hendrickson, and Alexander William Salter

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3025548

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David\\u2019s blog: macromarketmusings.blogspot.com
David\\u2019s Twitter: @DavidBeckworth