b'
George Selgin is the director of the Cato Institute\\u2019s Center for Monetary and Financial Alternatives and is a returning guest to the Macro Musings podcast. Today, George joins the show to talk about recent developments in the payment system. Specifically, George and David discuss the history of attempted payment system solutions, the challenges and costs facing the implementation of a real-time payment system, and why we should care about this issue today.\\xa0\\xa0\\xa0
\\xa0
Transcript for the episode: https://www.mercatus.org/bridge/podcasts/11112019/george-selgin-past-present-and-future-real-time-payments-system
\\xa0
George\\u2019s Twitter: @GeorgeSelgin
George\\u2019s Cato Institute profile: https://www.cato.org/people/george-selgin
\\xa0
Related Links:
\\xa0
*Federal Reserve Announces Plan to Develop a New Round-the-clock Real-time Payment and Settlement Service to Support Faster Payments* - Federal Reserve press release
https://www.federalreserve.gov/newsevents/pressreleases/other20190805a.htm
\\xa0
David\\u2019s blog: macromarketmusings.blogspot.com
David\\u2019s Twitter: @DavidBeckworth