The Future of Money & Banking: Bitcoin, Fractional Reserve, and Free Markets | George Selgin & Kate Wand

Dive into a riveting discussion on the future of money and banking with George Selgin, director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute, and our host Kate Wand. In this episode of Liberty Curious, they explore the history of money, the evolution of fractional reserve banks, and the impact of emerging technologies like Bitcoin and CBDCs on personal and economic freedom. Join them as they discuss the merits of free banking, Keynesian economics, and the potential for a Bitcoin Standard in a world where governments have long abused and mismanaged money. Don't miss this enlightening conversation for insights on the future of the financial system! #Money #Banking #Bitcoin #LibertyCurious

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*** Please note that the opinions expressed in this podcast are solely those of the host and her guests. They do not necessarily reflect the views of the American Institute for Economic Research. The content presented in this show is intended for educational purposes only, and should not be considered as financial advice. ***

0:00 - intro

1:10 - debates between liberty people

4:04 - how is Bitcoin different?

7:56 - what about cryptocurrency & stablecoins?

10:20 - operation chokepoint 2.0

14:20 - Fed rejecting Custodia

18:37 - repercussions for regulators

21:22 - predictions for crypto regulation

25:40 - history of government monopolies

32:02 - Keynes the whipping boy

40:48 - have free markets ever really existed?

45:38 - free banking

53:49 - Rothbard and fractional reserve banking

1:00:08 - does the bank own your money?

1:06:07 - secrets & beliefs

1:09:42 - bitcoin standard

1:15:00 - freedom & money

1:17:40 - wrapping up