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Columbia Business School emeritus professor Charles Calomiris was featured on the Hoover Institution’s Capitalism and Freedom in the 21st Century podcast discussing theories and historical patterns of banking crises. Calomiris examined the causes of financial instability, the role of deposit insurance, and the evolving risks posed by modern financial systems, including the emergence of stablecoins. His insights highlight how past crises inform current policy debates and the future of financial system resilience.