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    Artwork for Macro Musings with David Beckworth
    Episode

    Paul Kupiec on Problems with the Fed's Balance Sheet and Calls to End Interest on Reserves

    Macro Musings with David Beckworth · Jul 28, 2025 · 51 min
    Episode page

    Paul Kupiec is a senior fellow at the American Enterprise Institute. In Paul's first appearance on the show, he discusses life at a think tank, the insolvency of the Fed, theories on how to fix the Fed's balance sheet, Ted Cruz's call to end interest on reserves, and much more. Check out the transcript for this week's episode, now with links. Recorded on June 24th, 2025 Subscribe to David's…

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