Peter Conti-Brown and Sean Vanatta on the History of Bank Supervision in America

彼得·康蒂-布朗与肖恩·范阿塔谈美国银行监管史

Macro Musings with David Beckworth

2025-06-09

1 小时 3 分钟
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单集简介 ...

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 transcript for this week’s episode, now with links. Recorded on May 27th, 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 00:02:02 - Powerlifting 00:06:17 - Trump v. Wilcox 00:12:27 - Private Finance, Public Power 00:15:18 - Supervision vs. Regulation 00:22:52 - Banking in the Early Republic 00:36:10 - Consolidation of Regulators 00:41:06 - Focus of the Fed 00:45:00 - The Great Depression 00:56:10 - When to Let a Bank Fail 01:02:47 - Outro
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  • Welcome to Macro Musings,

  • where each week we pull back the curtain on the most important macroeconomic issues of the past,

  • present, and future.

  • I'm your host, David Beckworth,

  • a Senior Research Fellow at the Mercatus Center at George Mason University,

  • and I'm glad you decided to join us.

  • Our guests today are Peter Conti-Brown and Sean Vanetta.

  • Peter is an historian and legal scholar of the Federal Reserve System,

  • an associate professor at the Wharton School of the University of Pennsylvania,

  • and a longtime friend of the show.

  • Sean is a senior lecturer in financial history and policy at the University of Glasgow.

  • Peter and Sean join us today to discuss their new book titled Private Finance,

  • Public Power, a History of Bank Supervision in America.

  • Peter and Sean, welcome to the podcast.

  • Thank you so much for having us.

  • It's great to be here.

  • Well, Peter, you have been on many times.

  • Sean, this is your first time, but for both of you, this is the first time in studio.

  • So it's great to have you here in person.

  • I want to see where the NGDP gets targeted.