Wisco Weekly

In episode #204, Associate Professor of Economics at Haverford College, Carola Binder, discusses two papers -- Technopopulism and Central Banks, and Stuck in the Seventies: Gas Prices and Consumer Sentiment. Both papers give credence to the financial markets and economic policy as of late.   If you enjoyed this episode and would like to hear from Carola Binder on the show again, please share your thoughts: https://wiscoweeklypod.tiny.us/yvvdywbk     Passages: An important point is that under technopopulism, populists do not reject technocratic expertise, but instead rely on it to translate their causes into policy. Central banks thus face pressure to use their technocratic discretion to do more to serve the people, and to be directly accountability to the people rather than to elected representatives. In return for greater responsiveness, they gain even greater power and discretion. The technopopulist logic, I argue, implies that central banks will increasingly become “the only game