{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Stephan Luck on What History can Teach Us about Financial Stability","description":" Stephan Luck is a Financial Research Advisor at the Federal Reserve Bank of New York. In Stephan\u2019s first appearance on the show, he discusses how the 2008 Great Financial Crisis shaped his career, how he and his coauthors leverage LLMs to comb through massive amounts of historical data, what this data can teach us about responding to bank failures, what people get wrong when they try and make historical analogies to the GENIUS era, the lessons we can learn from the German hyperinflation, and much more.  Watch the full length video on our new YouTube Channel! Check out the&amp;nbsp;transcript for this week\u2019s episode, now with&amp;nbsp;links. Recorded on June 1st, 2026 Subscribe to David's Substack:&amp;nbsp;Macroeconomic Policy Nexus Follow David on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings&amp;nbsp;merch! Timestamps 00:00:00 - Intro 00:02:55 - Stephan\u2019s Career 00:11:21 - Bank Failures 00:28:19 - Policy Implications of Bank Failures 00:37:21 - National Banking System 00:46:30 - German Hyperinflation 00:57:06 - Outro ","author_name":"Macro Musings with David Beckworth","author_url":"http:\/\/macromarketmusings.blogspot.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/42039035\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/203988345"}