Monetary History, Bretton Woods, and Banking Crises

Michael Bordo, Rutgers Economics Professor and Hoover Distinguished Visiting Fellow, discusses monetary history, the legacy of Bretton Woods, and historical banking crises amid ongoing regional bank failures. He shares his experiences at McGill University and the University of Chicago, his transition to floating exchange rates in Canada, the relationship between central bank interest rates, inflation, and banking crises, and his interactions with economist Milton Friedman.