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The Story of Money in the United States

George Selgin tells the story of how the American government became so deeply ingrained in the production and supply of our money, and why.

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George Selgin joins Aaron and Trevor for a discussion on money and banking in the United States.

What is money? How did the government become so deeply ingrained in the production and supply of our money, and why? What is the Federal Reserve, and what does it actually do? What would the U. S. look like with a competitive currency system? And what about Bitcoin?

Show Notes and Further Reading

George Selgin, Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775-1821 (book)

George Selgin, The Rise and Fall of the Gold Standard in the United States (policy analysis)

R. A. Radford, The Economic Organization of a P.O.W. Camp (article)