George Selgin is the director emeritus of the Cato Institute\u2019s 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 \u2018synthetic commodity money\u2019 and how bitcoin is a potential example, the current state of Bitcoin amidst El Salvador\u2019s 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.
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Transcript for the episode can be found here.
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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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*Synthetic Commodity Money* by George Selgin
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2000118
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*The Denationalization of Money* by F.A. Hayek
https://www.amazon.com/Denationalization-Money-Analysis-Concurrent-Currencies/dp/0255360878
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David\u2019s blog: macromarketmusings.blogspot.com
David\u2019s Twitter: @DavidBeckworth