Will Roberds is an economist emeritus of the research department of the Federal Reserve Bank of Atlanta. Steve Quinn is a professor of economics at Texas Christian University. In Will and Steve’s first appearance on the show they discuss the historical significance of the Bank of Amsterdam, The use of ledger at the Bank of Amsterdam, It’s use of repo and open market operations, it’s connection to central banking today, and much more.

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

Recorded on September 23rd, 2025

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Timestamps

00:00:00 - Intro

00:00:53 - Bank of Amsterdam

00:10:31 - Bank of Amsterdam’s Ledger

00:32:09 - Motivations

00:36:49 - Seven Years’ War

00:40:53 - The Repo Versus the Open Market

00:56:30 - Outro

Jim Clouse is a veteran of the Federal Reserve System and is currently a fellow at the Andersen Institute. In Jim’s first appearance on the show, he discusses the evolution of monetary rules at the Fed, what happened at the Fed during Y2K, 9/11, the Great Financial Crisis, and the COVID Pandemic, the ever changing stigma of the discount window, Ted Cruz’s calls to end interest on reserves, and much more.

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

Recorded on September 11th, 2025

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Timestamps

00:00:00 - Intro

00:03:16 - Jim’s Career

00:05:38 - Monetary Rules at the Fed

00:09:12 - Increasing Transparency at the Fed

00:17:25 - Y2K and the Fed

00:26:19 - Discount Window

00:32:21 - Global Financial Crisis

00:39:10 - Covid Pandemic

00:46:10 - Jim’s Current Research

01:00:31 - Outro

Manmohan Singh is the editor-in-chief of the Journal of Financial Markets Infrastructure. Manmohan returns to the show to discuss whether money still matters, the impacts of the GENIUS ACT, the lobbying show down over stablecoins in the US, stablecoins impact on the Eurodollar market, and much more.

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

Recorded on September 10th, 2025

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Timestamps

00:00:00 - Intro

00:02:12 - Does Money Still Matter?

00:10:33 - Stablecoins

00:37:53 - Stablecoins and the Eurodollar Market

00:53:15 - Outro