The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion Ep 75 | Principles of Financial Regulation with Lawrence H. Summers of Harvard University
Dec 16, 2022
15:09
Secretary of the Treasury. Director of the National Economic Council. President of Harvard University. Washington Post columnist. Economist Larry Summers has held some of the most prestigious roles in public life. Across them all, Dr. Summers has brought an unflinching commitment to incisive observations, even when they cut against the grain.
On the major global macroeconomic issues of our time, Summer’s views aren’t always the popular ones, but they are not easily dismissed.
Summer’s leadership in the Obama White House in the aftermath of the 2007-2008 financial crisis gives him special insight into the importance of effective regulation of financial markets. Understanding how policymakers should regulate stablecoins was the subject of a fireside chat between Jeremy Allaire and Larry Summers this past September at Converge22, Circle’s inaugural ecosystem summit. (Dr. Summers was compensated for his appearance at Converge22.)
They discussed:
👉 [09:23] Regulating stablecoins and other digital assets
👉 [10:33] Lessons from automobile safety
👉 [15:06] Problems with a two-category system of banks and non-banks
👉 [22:15] Advantages of US dollar-based systems
If you’re interested in understanding the frameworks of financial regulation, tune in to this episode of The Money Movement.
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About the show
The global economy is experiencing unprecedented challenges and change. Business leaders everywhere are grappling with how to transform their companies to become more digital, resilient, and efficient. As we face this change, a new global movement is building around the promise of digital currencies and blockchains — forming a new architecture for the global economy and creating new opportunities for companies everywhere. The Money Movement explores the issues, ideas, and icons driving this transformation in how we spend, send, save, and store value.
The Money Movement is brought to you by Circle. Our mission is to raise global economic prosperity through the frictionless exchange of value. Learn more about Circle Business Accounts and Platform APIs at circle.com.
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