Lynn Johannson, Advisor, Sustainability and ESG
January 4th, 2024
Lynn Johannson, President of E2 Management Corporation and Catalyst for THE Collaboration
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On the Brink Podcast: George Selgin of the Cato Institute on Stablecoins, Bitcoin and Free Banking
On the Brink Podcast | Aug 2, 2021
George Selgin, director of the Center of Monetary Alternatives at the Cato Institute joins the show to discuss Bitcoin, Free Banking, and stablecoins. In this episode:
- Why George refers to Bitcoin as a synthetic commodity money
- Why George was excited by the possibility for synthetic commodity money
- What conditions would have to hold for Bitcoin to be considered money
- Why money is a spectrum rather than binary
- Are stablecoins prone to bank runs?
- Is Tether’s melange of underlying collateral sufficient?
- How should stablecoins be regulated?
- Why are regulators looking into stablecoins today?
See:
FCA Chair Charles Randall Discusses Crypto, Stablecoins and Digital Asset Regulation
More regulation coming: SEC Chairman signals stablecoins and other tokens could fall under its rules on security-based swaps
Minister Freeland releases final report with 34 recommendations on Open Banking from the Advisory committee
- Comparing stablecoins to Money Market Mutual Funds
- Why money market funds broke the buck in 08
- Are stablecoins as systemic as money market funds?
- George’s objections to Gorton and Zhang’s paper on free banking and stablecoins
- George’s definition of free banking
- Was the 1830s-60s period in the U.S. a period of genuine free banking?
- The actual causes of bank failures in the pre-Civil War period
- Why ‘unit banking’ was so fragile
- What lessons can be taken from Canada’s experience with free banking in that era
- Why the history of Free Banking is a red herring in the stablecoin debate
- George’s recommendations for a primer on free banking
- George’s reflections on Hal Finney’s reference to his work
- Why bank failures are often the consequence of regulation
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