Will Bateman is an associate professor and associate dean of research at the Australian University College of Law. Will has recently authored a paper titled, *The Fiscal Fed,* which takes a close look at the Fed’s fiscal functions during the two World Wars, the Great Depression, the Cold War, the global financial crisis, and the COVID-19 pandemic. Will joins Macro Musings to talk about this paper, the origins and evolution of the Fed, the implications for policymakers, and a lot more.   Transcript for this week’s episode.   Will’s ANU profile   David Beckworth’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *The Fiscal Fed* by Will Bateman   *The Law of Monetary Finance Under Conventional Monetary Policy* by Will Bateman