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

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Better news in the jobless claims this week</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">A new bitcoin adoption cycle?</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">A check in on Lebanon</span></li> </ul> <p><span style="font-weight: 400;">Our main conversation is with Dr. George Selgin. </span></p> <p><span style="font-weight: 400;">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. </span></p> <p><span style="font-weight: 400;">In this eye-opening conversation, he and NLW go deep on the history, present and future of central banks, including:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the Scottish and Canadian banking systems in the 19th century that central banks aren’t a prerequisite for stability</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the USA’s “free banking” system wasn’t free at all</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the instability in the late 19th century US banking system was caused by regulation, not the lack of a Fed</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the Fed’s first decades were a disaster</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the Fed gets more power when it underperforms </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The problems with the Fed’s response to 2008</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">What lessons the Fed could have but didn’t learn between the Great Financial Crisis and COVID-19 </span></li> </ul> <p><span style="font-weight: 400;">Find our guest online</span></p> <p><span style="font-weight: 400;">We