Aaron Klein on the US's Real-Time Payments Problem and the Impact of Covid Era Quantitative Easing

阿伦·克莱因关于美国实时支付问题以及新冠疫情时代量化宽松的影响

Macro Musings with David Beckworth

2026-01-12

1 小时 2 分钟
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单集简介 ...

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 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Aaron Klein on X: @AarondKlein 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 00:01:06- 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
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单集文稿 ...

  • Welcome to Macro Musings,

  • where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past,

  • present, and future.

  • I am your host, David Beckworth,

  • a senior research fellow with the Mercatus Center at George Mason University,

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

  • Our guest today is Aaron Klein.

  • Aaron is a senior fellow in economic studies at the Brookings Institution,

  • where he focuses on financial technology in regulation,

  • payments, macroeconomics, and infrastructure for finance and policy.

  • Prior to joining Brookings,

  • he directed the Bipartisan Policy Center's Financial Regulatory Reform Initiative,

  • and he has also previously worked in the U.S.

  • Treasury Department and a Senate Banking Committee.

  • Aaron is also a previous guest of the podcast, so welcome back, Aaron.

  • It's great to be back, David.

  • It's great to have you on.

  • And we're going to talk about a paper called Quantitative Easing and Housing Inflation Post-COVID.

  • That's the motivation for bringing you back over here.

  • But I also want to talk about previous discussions that we've had.