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George Selgin is the director of the Cato Institute\u2019s Center for Monetary and Financial Alternatives, professor emeritus of economics at the University of Georgia, and a returning guest to show.\xa0 For this special live episode, George joins Macro Musings to talk about his new book, *Floored: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession.* David and George also discuss the liquidity coverage ratio, the Fed\u2019s transition from a corridor to a floor system, and the arguments for and against such an operating system.

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Transcript for the episode:\xa0https://www.mercatus.org/bridge/podcasts/02252019/floors-and-corridors

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George\u2019s Twitter: @GeorgeSelgin

George\u2019s Cato Institute profile: https://www.cato.org/people/george-selgin

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Related Links:

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*The Fed Marches On* by George Selgin

https://www.alt-m.org/2019/01/31/the-fed-marches-on/

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*Balance Sheet News* blog post by Stephen Williamson

http://newmonetarism.blogspot.com/2019/02/balance-sheet-news_21.html

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David Beckworth\u2019s Twitter thread on the Fed\u2019s decision to stick with a floor system:

https://twitter.com/DavidBeckworth/status/1098956723501576192

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David\u2019s blog: macromarketmusings.blogspot.com
David\u2019s Twitter: @DavidBeckworth