Macro Musings

James Broughel is a senior research fellow at the Mercatus Center and an adjunct professor of law at George Mason University Law School. James specializes in state and federal regulatory procedures, cost-benefit analysis, and economic growth. He joins the show today to talk about a recent symposium he hosted on the social discount rate; what it is, its uses, and the controversy surrounding how to measure it. David and James also discuss cost-benefit analysis in the regulatory world and why the social discount rate matters for policy.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/03182019/discounting-future   James’ Twitter: @JamesBroughel James’ Mercatus profile: https://www.mercatus.org/james-broughel   Related Links:   *The Social Rate of Time Preference and the Social Discount Rate* by Mark Moore and Adam Vining https://www.mercatus.org/system/files/moore_and_vining_-_mercatus_research_-_a_social_rate_of_time_preference_approach_to_social_discount_rate_-_v1.pdf   *The Appropriate