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Lawrence White on Free Banking in the Age of Crypto (EP.60)
Larry White, economics professor at George Mason University and senior fellow at the Cato Institute\u2019s Center for Monetary and Financial Alternatives, joins the show to discuss free banking, the history of dollarization, and the prospects for a crypto-native banking system.\xa0\xa0
In this episode:
- Why CBDCs might not be a good idea
- The legacy of dollarization in Ecuador
- How the Scottish free banking system worked
- What would have to change for free banking to re-emerge today
- The prospects for Bitcoin banks issuing notes \u2013 and one problem with the idea
- The prospects for restoring a cash-like standard of privacy and autonomy in a digital context
- The prospects for crypto-dollarization