Paul Kupiec on Problems with the Fed’s Balance Sheet and Calls to End Interest on Reserves
Failed to add items
Add to basket failed.
Add to Wish List failed.
Remove from Wish List failed.
Follow podcast failed
Unfollow podcast failed
Paul Kupiec on Problems with the Fed’s Balance Sheet and Calls to End Interest on Reserves
-
Narrated by:
-
By:
About this listen
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 transcript for this week’s episode, now with links.
Recorded on June 24th, 2025
Subscribe to David's Substack: Macroeconomic Policy Nexus
Follow David Beckworth on X: @DavidBeckworth
Follow the show on X: @Macro_Musings
Check out our Macro Musings merch!
Subscribe to David's new BTS YouTube Channel
Timestamps
00:00:00 - Intro
00:01:14 - Paul’s Career
00:08:12 - Think Tanks
00:10:42 - Current State of the Fed’s Balance Sheet
00:20:22 - The Federal Reserve and Gold
00:23:04 - The Fed’s Unique Accounting
00:39:28 - Ending Interest on Reserve Payments to Banks
00:50:08 - Outro