George Selgin on Bitcoin and the Future of CBDCs
George Selgin is the director emeritus of the Cato Institute’s Center for Monetary and Financial Alternatives and is a returning guest to Macro Musings. George rejoins David on the podcast to discuss cryptocurrency, stable coins, CBDCs, and a push for a higher inflation target. Specifically, George and David discuss the category of ‘synthetic commodity money’ and how bitcoin is a potential example, the current state of Bitcoin amidst El Salvador’s transition to Bitcoin as its legal tender, the role of fintechs in the potential future of a Fed central bank digital currency, and much more. Transcript for the episode can be found here. George’s Twitter: @GeorgeSelgin George’s Cato Institute profile: https://www.cato.org/people/george-selgin Related Links: *Synthetic Commodity Money* by George Selgin https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2000118 *The Denationalization of Money* by F.A. Hayek https://www.amazon.com/Denationalization-Money-Analysis-Concurrent-Currencies/dp/0255360878 David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth