The Future of the Fiat Money System

Larry White is a professor of economics at George Mason University and is the author of a new book titled, *Better Money: Gold, Fiat, or Bitcoin?* Larry is also a returning guest to Macro Musings, and he rejoins the podcast to discuss this book and the comparison among those monetary standards. David and Larry specifically discuss the bottom-up vs. top-down theories of money, the basics and functionality of a gold, bitcoin, and fiat standards, the future of money, and more.

Transcript for this week’s episode.

Larry’s Twitter: @lawrencehwhite1

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Larry’s GMU profile

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Related Links:

*Better Money: Gold, Fiat, or Bitcoin?* by Lawrence White

*Larry White on Stablecoins, Money Market Funds, and the History of Free Banking* by Macro Musings