Daniel Bunn is the president and CEO of the Tax Foundation. In Daniel’s first appearance on the show, he discusses the history of tax models, the threat that tariffs make to the US economy, where we currently stand with budget reconciliation, how he would fix the tax code if he was president, and much more.

Check out the transcript for this week’s episode, now with links.

Recorded on May 2nd, 2025

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Timestamps:

(00:00:00) – Intro

(00:01:01) – Daniel’s Background and the Tax Foundation

(00:03:35) – Tax Foundation’s Model

(00:7:38) – History of Tax Models

(00:14:26) – Fiscal Condition of the United States

(00:19:24) – Tariffs and Revenue

(00:35:55) – Budget Resolution

(00:45:43) – Daniel’s Proposed Solutions

(00:49:10) – Outro

Luca Fornaro is a senior researcher at CREI and professor at both UPF and the Barcelona School of Economics. In Luca’s first appearance on the show, he discusses his expansive work on, hysteresis, stagnation traps, endogenous growth, aggregate demand policies, the medium run, population growth and much more.

Check out the transcript for this week’s episode, now with links.

Recorded on April 23th, 2025

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Timestamps:

(00:00:00) – Intro

(00:00:51) – Luca’s Background

(00:03:19) – Hysteresis

(00:7:23) – Why Talk About Hysteresis Now?

(00:10:55) – Stagnation Trap

(00:16:07) – The Medium Run

(00:22:25) – Managing Expectations with Automatic Stabilizers

(00:28:48) – What About Population Growth?

(00:31:47) – The Empirical Side

(00:39:24) – Directing Capital Flows

(00:42:30) – The Scars of Supply Shocks

(00:48:57) – The Nominal GDP Targeting Solution

(00:51:28) – Fiscal Stagnation

(00:59:21) – Outro

Adam Ozimek is the Chief Economist at the Economic Innovation Group. Adam returns to the show to discuss the importance of reforming the high-skilled immigration process, the main bottlenecks with our current green card system, the glory days of economics blogging, how to revitalize the American heartland, Trump’s current trade war, and much more.

Check out the transcript for this week’s episode, now with links.

Recorded on April 15th, 2025

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Timestamps:

(00:00:00) – Intro

(00:00:50) – Blogging Days

(00:02:33) – How to Fix High-Skilled Immigration

(00:27:08) – Busting the Myths

(00:33:58) – Additional Parts of Adam’s Immigration Proposal

(00:40:13) – Trump’s Trade War

(00:58:25) – Outro