Tyler Muir is a professor of finance at UCLA. In Tyler's first appearance on the show, he discusses how he became a leading scholar on quantitative easing, what things the Fed can learn in responding to crises, why QE matters, how QE transformed the bond market, the new "Tyler Rule", QE's role in the COVID Pandemic, and much more.

Check out the transcript for this week's episode, now with links.

Recorded on January 8th, 2025

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Timestamps

00:00:00 - Intro

00:01:33 - Tyler's Background

00:08:36 - Financial Crisis and Risk Premium

00:14:40 - Intermediaries and Asset Prices

00:22:18 - QE and Why It Matters

00:28:40 - QE and the Bond Market

00:32:38 - The Tyler Rule

00:37:51 - When Selling Goes Viral

00:41:01 - QE During COVID

00:49:26 - Shrinking the Fed's Balance Sheet

00:55:03 - Outro

Richard Berner is the former director of the Office of Financial Research and was a counselor of the Treasury Secretary. In Richard's first appearance on the show, he discusses a career that included public service and Wall Street, the fragility of global liquidity, the implications of fiscal dominance, the expansion of private credit, the 2023 SVB banking turmoil, and much more.

Check out the transcript for this week's episode, now with links.

Recorded on January 7th, 2025

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Timestamps

00:00:00 - Intro

00:01:57- Dick's Career

00:07:46 - Fragility of Global Liquidity

00:17:29 - Post-GFC Regulations

00:25:29 - Fiscal Dominance

00:36:23 - Private Credit

00:48:09 - Banking Turmoil of 2023

01:01:149 - Outro

Aaron Klein is a senior fellow in economic studies at the Brookings Institution. Aaron returns to the show to discuss his paper with George Selgin calling for real time payments, the inequality caused by the Fed's current payment processes, the results of Covid time QE, recommendations for dealing with future crises, and much more.

Check out the transcript for this week's episode, now with links.

Recorded on December 11th, 2025

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Timestamps

00:00:00 - Intro

00:01:06- Faster Payments

00:29:09 - Fed Governance

00:30:35 - Quantitative Easing and Housing Inflation Post-COVID

00:52:16 - Fed Assets

01:01:149 - Outro