Recorded live in front of the Wharton Financial Regulation Conference, former guest Peter Conti-Brown joins David Beckworth as a Macro Musings co-host on this week's episode. Peter and David discuss the inflection point of 2008 in FinReg scholarship, how Macro Musings has become just as much a show about financial regulation as about macro, what to make of the Trump administrations changes to bank supervision, whether we should be enthusiastic about the GENIUS Act and digital assets, the true identity of Satoshi Nakamoto, the crisis that could become Claude Mythos, why networks and Substacks are becoming more important, and much more.

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

Recorded on April 10th, 2026

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Timestamps

00:00:00 - Intro

00:01:29 - History of Financial Regulation

00:04:23 - Monetary Policy vs. Financial Regulation

00:07:48 - Bank Supervision

00:11:59 - Digital Assets

00:22:48 - Claude Mythos and Banking

00:30:35 - The Market Argument for the Discount Window

00:35:44 - Academia vs. Real-World Impact

00:40:28 - Audience Q&A

00:54:16 - Outro