3min chapter

The "What is Money?" Show cover image

"Money: Free and Unfree" with George Selgin (WiM209)

The "What is Money?" Show

CHAPTER

Centrally Planned Money Isn't as Bad as Centrally Planning Money

The idea of centrally planning markets in general, has really fallen far out of favor. But if centrally planning any one thing can approximate that degree of badness, money is the thing. If you think about mucking around with a monetary system, it's like a it's as if you could twist the whole wheel around. And we're seeing that sort of thing to day. We see situations when the monetary system is not being well managed or hasn't been well designed.

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