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9min chapter
Larry White on Stablecoins, Money Market Funds, and the History of Free Banking
Macro Musings with David Beckworth
Comparing Free Banking and Stable Coins
This chapter explores the comparison between the free banking period in the US and stable coins, debunking the argument that stable coins could lead to disasters like the free banking period. It discusses the historical examples of banking systems in the US and other countries, highlighting the importance of properly conceived regulations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode