This blog post accompanies the SDPB Monday Macro segment that aired on Monday, August 2, 2021. Click here to listen to the segment, which begins at minute 24:25 into the broadcast.) In late July, I traveled to Pierre, South Dakota to participate in the South Dakota Bankers Association’s Agricultural Credit Conference. I was slated to […]

This blog post accompanies the SDPB Monday Macro segment that aired Tuesday, July 6, 2021. Click here to listen to the segment, which begins at minute 21:25 into the broadcast.) Central bank digital currency (CBDC) is not cryptocurrency. Indeed, at the moment, CBDC is not anything, really; it doesn’t exist in a practical sense. Conceptually […]

This blog post accompanies the SDPB Monday Macro segment that aired Monday, June 7, 2021. Click here to listen to the segment, which begins at minute 26:30 into the broadcast.) This weekend, more than 10,000 people met—up close and in person—in Miami for Bitcoin 2021, the largest conference of its kind. According to the New […]

This blog post is a postscript to the Monday Macro segment, “Great (Inflation) Expectations,” which aired on Monday, May 17. (Click here to listen to the May 17 segment, which begins at minute 23:30 into the broadcast.) The year-over-year rate of CPI inflation is not likely to trend at 2.0 percent anytime soon. In our […]

This blog post accompanies the SDPB Monday Macro segment that airs Monday, May 17. Click here to listen to the segment, which begins at minute 23:30 into the broadcast.) On May 12th, the nonpartisan United States Bureau of Labor Statistics (BLS) released its measure of the consumer price index (CPI) for April 2021. According to […]

This blog post accompanies the SDPB Monday Macro segment that aired Monday, April 12. Click here to listen to the segment, which begins at minute 24:50 into the broadcast.) On March 4th, the nonpartisan United States Congressional Budget Office—what economists affectionately refer to as the CBO—released its March 2021 long-term budget outlook for the federal […]

Morning Macro returns as Monday Macro on Monday, April 12, 2021, during the noon hour (CST). In past seasons, Morning Macro aired on select Monday mornings during the first hour of South Dakota Public Broadcasting’s In the Moment with Lori Walsh. As of March 29, In the Moment airs weekdays from noon to 1 pm […]

  This blog post accompanies the final, regularly scheduled spring-2020 SDPR Morning Macro segment, which airs Monday, April 27.  This segment will precede a related noon-hour event, “Money Matters: Macroeconomic Policy in a Pandemic and What It Means for Main Street,” hosted by the Rotary Club of Sioux Falls.  The club’s Treasurer, Jason Herrboldt (Market […]

The final, regularly scheduled spring-2020 Morning Macro segment, “Last Resort,” will air Monday, April 27th on South Dakota Public Radio during In the Moment, shortly after 11 am CST. This segment will lead to a noon-hour event, “Money Matters: Macroeconomic Policy in a Pandemic and What It Means for Main Street,” hosted by the Rotary Club […]

  This blog post accompanies the SDPR Morning Macro segment that airs Monday, April 13. In recent weeks, macroeconomic sentiments have shifted dramatically: the U.S. economy has likely exited the longest peacetime expansion phase of the business cycle; a macroeconomic recession looms large.  Nevertheless, an impartial, empirical, and persuasive demonstration of this claim of trouble […]