Peter Stella on the Fed’s Off-Balance Sheet Transactions and Public Financing of the COVID-19 Crisis
Macro Musings with David Beckworth
Release Date: 06/08/2020
Rashad Ahmed on the Global Impact of US Stablecoin Regulation and Crypto Adoption
Macro Musings with David Beckworth
Rashad Ahmed is a former Treasury and Office of the Comptroller of the Currency financial economist and is currently an economist at the upstart Andresen Institute for Finance and Economics. In Rashad’s first appearance on the show, he discusses the real-world impacts of the GENIUS Act, what US stablecoin regulation means for the rest of the world, the state of crypto adoption, and much more. Check out the for this week’s episode, now with links. Recorded on June 27th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow Rashad Ahmed on X: ...
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Paul Kupiec on Problems with the Fed’s Balance Sheet and Calls to End Interest on Reserves
Macro Musings with David Beckworth
Paul Kupiec is a senior fellow at the American Enterprise Institute. In Paul’s first appearance on the show, he discusses life at a think tank, the insolvency of the Fed, theories on how to fix the Fed’s balance sheet, Ted Cruz’s call to end interest on reserves, and much more. Check out the for this week’s episode, now with links. Recorded on June 24th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Check out our Macro Musings to David's new BTS YouTube Channel Timestamps 00:00:00 - Intro...
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George Hall on the Fiscal Consequences of the US War on COVID
Macro Musings with David Beckworth
Check out David's Substack: for a special 500th episode post! George Hall is a professor of economics at Brandeis University and formerly worked as an economist at the Chicago Federal Reserve Bank. George returns to the show to discuss the current fiscal status of the US, how the Big Beautiful Bill will impact the fiscal outlook going forward, the history of running deficits in the US, and much more. Check out the for this week’s episode, now with links. Recorded on June 24th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow George on X:...
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Ben Harris on the Fiscal Health of the US Government
Macro Musings with David Beckworth
Ben Harris served in numerous high-ranking roles as a public sector economist and is now the vice president and director of economic studies at the Brooking Institution. In Ben’s first appearance on the show, he discusses the fiscal health of the US government, including the rising primary deficient, the impact of the Big Beautiful Bill, the proposition of stablecoins and AI as a solution to our debt, his love of basketball and much more. Check out the for this week’s episode, now with links. Recorded on June 18th, 2025 Subscribe to David's Substack: Follow David...
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Luis Garicano on the Future of Digital Money and Lessons Learned from the History of the Euro
Macro Musings with David Beckworth
Luis Garicano is a former member of the European Parliament and a professor at the London School of Economics. In Luis’s first appearance on the show he discusses his new book, Crisis Cycle: Challenges, Evolution, and the future of the Euro, the ever-changing landscape of digital money, his suggested reforms to the Euro, and much more. Check out the for this week’s episode, now with links. Recorded on June 18th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow Luis on X: Follow the show on X: Check out our Macro Musings to...
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Mark Blyth on the Winners and Losers from Inflation
Macro Musings with David Beckworth
Mark Blyth is a professor of international economics at Brown University. In Mark’s first appearance on the show, he discusses his new book Inflation: A Guide for Users and Losers, the concept of angrynomics, a new way to look at price controls, demographic decline, and much more. Check out the for this week’s episode, now with links. Recorded on June 4th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow Mark on X: Follow the show on X: Check out our Macro Musings to David's new BTS YouTube Channel Timestamps 00:00:00...
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Sam Schulhofer-Wohl on Reforms in the Treasury Market and Developments with Central Bank Operating Systems
Macro Musings with David Beckworth
Sam Schulhofer-Wohl is a senior vice president and the senior advisor to President Lorie Logan of the Federal Reserve Bank of Dallas. Sam returns to the show to discuss recent macroeconomic conferences in the context of changes in the Treasury market and with central bank operating systems around the globe. Check out the for this week’s episode, now with links. Recorded on May 27th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Check out our Macro Musings to David's new BTS YouTube Channel Timestamps...
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Andy Levin on the Importance of an Independent Inspector General at the Federal Reserve - BONUS
Macro Musings with David Beckworth
Andy Levin is an advisor to many central banks around the world and professor of economics at Dartmouth College. Andy returns to the show for a special bonus episode to discuss his pervious appearance and accompanying policy brief where he calls for an independent inspector general at the Federal Reserve. Check out the for this week’s episode, now with links. Recorded on June 10th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Join the new Macro Musings ! Join the Macro Musings Check out our Macro Musings to David's...
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Matthew Pines on the Future of Money, AI, and Monetary Policy
Macro Musings with David Beckworth
Sign up for ! Matthew Pines is the executive director of the Bitcoin Policy institute. Matthew returns to the show to discuss the future of Bitcoin as a strategic reserve, US stablecoin regulation, geopolitics under Trump, monetary policy at the Fed, and much more. Check out the for this week’s episode, now with links. Recorded on May 16th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow Matthew Pines on X: Follow the show on X: Check out our Macro Musings to David's new BTS YouTube Channel Timestamps 00:00:00 - Intro...
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Peter Conti-Brown and Sean Vanatta on the History of Bank Supervision in America
Macro Musings with David Beckworth
Peter Conti-Brown is a historian and legal scholar of the Federal Reserve System, and an associate professor at the Wharton School of Business at the University of Pennsylvania. Sean Vanatta is a senior lecturer in financial history and policy at the University of Glasgow. Peter and Sean join the show to discuss their new book titled: Private Finance, Public Power: A History of Bank Supervision in America, as well as how powerlifting can be analogized in macroeconomics, and the implications of Trump v. Wilcox. Check out the for this week’s episode, now with links. Recorded...
info_outlinePeter Stella is a former IMF official, where he led the Central Banking and Monetary and Foreign Exchange divisions, and he now hosts a webpage titled *Central Bank Archeology*. Peter is also a former guest of Macro Musings, and rejoins to talk about the COVID-19 crisis, central bank balance sheets, and more. David and Peter also discuss the dangers and challenges of the Fed’s off-balance sheet transactions, how the government should approach crisis financing, and who should be managing the country’s public debt.
The transcript for the episode can be found here.
Peter’s Twitter: @Stellar_Consult
Peter’s Voxeu profile: https://voxeu.org/users/peterstella0
Peter’s Research Gate archive: https://www.researchgate.net/profile/Peter_Stella
Related Links:
Peter's *Central Bank Archaeology* website: https://www.centralbankarchaeology.com/
*Macro Musings: Peter Stella on Debt, Safe Assets, and Central Bank Operations*
https://macromusings.libsyn.com/144-peter-stella-on-debt-safe-assets-and-central-bank-operations
David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth