Macro Musings with David Beckworth Lev Menand and Josh Younger on *Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon*
4 snips
Oct 2, 2023 Lev Menand, associate professor of law, and Josh Younger, senior policy advisor, discuss their paper on Treasury market liquidity as a legal phenomenon. They cover the transition from bank to market financing, the impact of increasing debt on instability, recent regulations on the primary dealer system, and restoring balance between public debt and money creation.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
The History of Public Debt and Money Creation
01:40 • 23min
Government Strategies for Managing Revenues and Expenditures
24:59 • 17min
Fed Chairman William McChesney Martin's Role in Monetary System Design and the Treasury Accord Negotiation
42:21 • 2min
The Impact of Legislation and Regulations on the Primary Dealer System and the Rise of Alternative Financing
44:47 • 2min
The Importance of Activities within the Bank Regulatory Perimeter
46:42 • 11min
Potential Improvements in the Treasury Market
58:12 • 3min