David offers some commentary in light of the Fed’s latest announcement of another quarter-point rate hike. He wonders if the Fed has not only failed in the overly lofty aspirations society has unfairly put on it, but even in its own stated objectives that are far more humble. In other words, has post-Covid monetary policy just made everything worse all around?

Capital. Knowing your customers. Relationships and service. Quality capital stewardship. Avoiding reckless loans. Who would have thought banking would be so hard and complicated? Well, Henry Walker, president of the $12 billion Farmers & Merchants Bank in Southern California, might disagree that any of this is that complicated. David and Henry vigorously defend banking and how it ought to be in this captivating episode of the Capital Record.

David is joined this week by National Review's Ramesh Ponnuru to discuss the realities of free trade -- the politics, nuances, nooks, and crannies -- what it means for national security, economic growth, and yes, the NBA. It's a discussion you won’t want to miss!

David is joined by Sam Rines for a succinct, hard-hitting, comprehensive look at OPEC+, Saudi Arabia, China, and more. You will listen to this episode and instantly become more informed about the future of the U.S. dollar, the nature of all the different interests embedded in this oil story, and where U.S. policy-makers are continually screwing up.

David is joined this week by House Financial Services Committee member, Representative Andy Ogles. The two chew the fat on the government being here to help and how scary that really is -- especially if you're a small bank! You won’t want to miss this discussion.

David is joined this week by Peter de Silva, the former president of Scottrade and TD Ameritrade. Peter is the author of the brand-new book, 'Taking Stock: 10 Life and Leadership Principles from My Seat at the Table.' Peter and David talk leadership, corporate management in 2023, dealing with “young people,” and the ways things have changed (for better and worse) over the last few decades.

David unpacks the entire story of banking drama from Silicon Valley to Switzerland with all the FDIC talk and Fed talk that is needed in between. He leaves you with five takeaways for consideration and a little refresher on why this all is, what can and cannot be done about it, and who is generally to blame.

Recessions are sad enough when they can’t be avoided, but purposely creating them because of poor economic theory or practice is an entirely new level of unacceptable. That is the view of yours truly, as well as the view of my guest on Capital Record this week, Alan Reynolds. Alan is a senior fellow at the Cato Institute and a long-time Reagan-era supply-side economist and thought leader. Listen in for a conversation on why inflation is lower than people think -- and has been -- and why the Fed is making the same mistake in 2023 that it made in 2021, only from the other side of the coin. Just as “too easy” creates all sorts of problems, “too tight” does the same -- and then, guess what, leads to a new era of . . . “too easy.”

David is joined by former Trump-era OMB economist, Dr. Vance Ginn, to discuss the history of economic thought; the strengths and weaknesses of the classical, Chicago, and Austrian schools of thought; whether or not we need a Fed; and what to do about excess debt and economic growth. Yes, it is a busy hour, but one you will not want to miss!

David is joined once again by Renè Aninao, a macroeconomic and foreign-policy analyst at Corbu, a leading Wall Street research firm. The conversation is not for the faint of heart, but they talk a bit about 30 years of post-Cold War market reality and the current reality in the Ukraine. When all is said and done, you will have a better understanding of how financial markets intersect with geopolitics, the opportunity staring President Xi in the face, and the unlikely beneficiary of it all. Furthermore, it will be clear how all of this is an economic story -- a lesson Jerome Powell has understood for over a year now.