Jerry Dwyer on the History of Free Banking and the Future of Bitcoin
Macro Musings with David Beckworth
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Free Banking and Cryptocurrencies: A Historical Perspective
This chapter explores the speaker's extensive background in economics, focusing on the implications of the newly enacted Genius Act on stable coins and the regulatory framework surrounding them. It provides a historical context of free banking in the U.S. from the 1830s to 1865, contrasting practices in Michigan and New York, and discusses the challenges and vulnerabilities of banking systems during that era. The conversation touches upon the evolution of banking laws in response to past economic crises and highlights contemporary concerns regarding the future of digital assets.
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