Monetary policy for the Eurozone is the main event for Thursday, starting with the European Central Bank’s policy announcement and followed by the central bank’s press conference. Later, two weekly numbers will bring new perspective on the state of macro in the US: initial jobless claims and Bloomberg’s Consumer Comfort Index.

John B. Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, has been recognized with the 2016 Central Banking Award for Economics.

Will Davies of Goldsmith's, University of London and author of The Limits of Neoliberalism talks with EconTalk host Russ Roberts about the ideas in his book. Davies argues that the free-market vision of economists like Milton Friedman and Friedrich Hayek has de-romanticized politics and ensconced competition at the heart of our economy and culture.

Larry Summers is a bootlegger and a Baptist.