About this episode

Dr. Tyler Goodspeed discusses various economic myths and realities surrounding recessions and policy decisions.

Dr. Tyler Goodspeed chaired the White House Council of Economic Advisers from 202-21. During his tenure on the council, he also chaired the Economic Policy Committee at the Organisation for Economic Co-operation and Development (OECD). From 2021 through 2023, Tyler was a Director and Chief Economist at Greenmantle, a New York and London-based macroeconomic and geopolitical consulting firm. The author of four books on economic history, Tyler holds a PhD in economics from Cambridge University and a PhD in history from Harvard University, He is currently a Senior Fellow at the Adam Smith Institute in London and a member of the Geoeconomic Council of Advisers at the Center for Strategic and International Studies. All views are his own and not any of the organisations he is affiliated with. In this podcast, we discuss: The "Boom-Bust" Myth Recessions as " Apophonies " Expansions Do Not Die of Old Age Policy Hubris The 1785 Structural Break Supply Shocks as Choke Points Misnaming the 2001 Recession The 2008 Energy and Mortgage Intersection Impairment of Creative Destruction Fidelity to Long-Run Trends

People in this episode

Host: Bilal Hafeez

Guest: Dr. Tyler Goodspeed

Topics covered

• Recession Myths
• Economic Shocks
• Policy Hubris
• Supply Shocks
• Creative Destruction

Keywords

• recession
• economic policy
• supply shocks
• creative destruction
• economic history

Mentioned in this episode

Organizations: White House Council of Economic Advisers, Organisation for Economic Co-operation and Development, Greenmantle, Adam Smith Institute, Center for Strategic and International Studies

Places: Cambridge University, Harvard University

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