Yesha Yadav is a law professor and associate dean of Vanderbilt Law School. Yesha works on banking and financial regulation, securities regulation, the law of money and payment system, and is a returning guest to the podcast. She rejoins Macro Musings to talk about recent developments in the Treasury market and the prospects for reform. David and Yesha also discuss the future of CBDC in the US, the recent economic crisis in the UK, and a lot more. Transcript for the episode can be found here. Yesha's Vanderbilt Law profile: https://law.vanderbilt.edu/bio/yesha-yadav Yesha's Google Scholar archive: https://scholar.google.com/citations?user=Dn5cmSQAAAAJ&hl=en David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Related Links: *The Failed Promise of Treasuries in Financial Regulation* by Yesha Yadav and Pradeep Yadav *The Broken Bond Market* by Yesha Yadav and Jonathan Brogaard *Markets Didn't Oust Truss. The Bank of England Did.* by Narayana Kocherlakota *Treasuries Liquidity Problem Exposes Fed to 'Biggest Nightmare'* by Liz McCormick *Yellen Flags Potential for Buybacks of Treasury Securities* by Christopher Condon *The Squeeze That Has the US Treasury Thinking About Buying Back Bonds* by Alexandra Harris *Hedge Funds Facing Tighter SEC Clearing Rules for Treasuries* by Lydia Beyoud and Alexandra Harris *Geithner-Led Group Faults Fed for Slow Work on Treasuries Market* by Liz McCormick *All-to-All Trading in the U.S. Treasury Market* by the New York Fed staff *Toby Nangle on What We Just Learned From Gilt Market Madness* by Tracy Alloway and Joe Weisenthal

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“What did the council decide on item 42?” — answered with the speaker and the moment.