The History, Present and Future of Central Banks, Feat. George Selgin

The Director of the Cato Institute's Center for Monetary and Financial Alternatives gives an eye-opening, 200-year history of today's most powerful economic institution.

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Our main conversation is with Dr. George Selgin.

Dr. Selgin is a Senior Fellow and director of the Cato Institute's Center for Monetary and Financial Alternatives as well as Professor Emeritus of Economics at the University of Georgia.

Why the Scottish and Canadian banking systems in the 19th century show that central banks aren't a prerequisite for stability.

Why the U.S. "Free banking" system wasn't free at all.

Why the instability in the late 19th century U.S. banking system was caused by regulation, not the lack of a Federal Reserve.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.Disclosure.

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