Remembering Economist and Former Fed Nominee Marvin Goodfriend

The transcript discusses the conservative economic thought, focusing on Marvin Goodfriend's influence and his role in shaping inflation policy. It highlights the intellectual debates around inflation, particularly during the 1970s, and Goodfriend's controversial paper on negative interest rates. The discussion also touches on the future of economic leadership and the potential for inflation, with references to key figures like Paul Krugman and Charles Evans.

Who was a key figure in the conservative economic movement discussed in the video?

• Paul Krugman

• Jeff Lacker

• Marvin Goodfriend

• Charles Evans

What was a major concern of economists in the 50s and 60s?

• Deflation

• Stagflation

• Inflation

• Recession

What was Marvin Goodfriend's stance on inflation during his career?

• He believed inflation was not a concern.

• He had no clear stance on inflation.

• He was a strong advocate for inflation control.

• He supported high inflation to boost the economy.

What was the subject of Marvin Goodfriend's notable paper at Jackson Hole?

• Trade deficits

• Fiscal policy

• Quantitative easing

• Negative interest rates

What is the current state of conservative economic thought according to the video?

• It is completely dominant.

• It is subdued but not retreating.

• It is gaining momentum.

• It is in retreat.