In this episode of the AIER Standard, Ethan Yang sits down with AIER Senior Faculty and Former Senate Banking Committee Economist Tom Hogan to discuss the future of central banking. Their discussion gets to the root of today’s pressing monetary issues, inflation, runaway spending, politicized Federal Reserve policy, and faltering confidence in money. They touch on the incentives and limitations that have driven central banking to where it is today from the prior status quo inspired by Milton Friedman and the gold standard. Finally, the conversation explores emerging ideas to reform the global monetary system, such as the idea of a Bretton Woods III based on commodity standards and the use of cryptocurrency.
Source: AIER Library