Macro Musings with David Beckworth · Mercatus Center at George Mason University
Peter Conti-Brown and Sean Vanatta on the History of Bank Supervision in America
June 9, 2025·1 hr 3 min·5 clips
Sean Vanatta argues the Supreme Court's historical analogy for Fed independence doesn't hold up to scrutiny.
As heard by us
A careful account of bank supervision that makes the Federal Reserve feel like a response to repeated failure.
Macro Musings turns bank supervision into a history of limits: what the Comptroller of the Currency could see, what it could not, and why that mattered for national banks and state-chartered institutions alike.
Why you'd press play
Why bank supervision became a federal problem, from the Gilded Age panics to the Federal Reserve.
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