George Selgin on the Past, Present, and Future of a Real-time Payments System

George Selgin is the director of the Cato Institute’s Center for Monetary and Financial Alternatives and is a returning guest to the Macro Musings podcast. Today, George joins the show to talk about recent developments in the payment system. Specifically, George and David discuss the history of attempted payment system solutions, the challenges and costs facing the implementation of a real-time payment system, and why we should care about this issue today.   

 

Transcript for the episode: https://www.mercatus.org/bridge/podcasts/11112019/george-selgin-past-present-and-future-real-time-payments-system

 

George’s Twitter: @GeorgeSelgin

George’s Cato Institute profile: https://www.cato.org/people/george-selgin

 

Related Links:

 

*Federal Reserve Announces Plan to Develop a New Round-the-clock Real-time Payment and Settlement Service to Support Faster Payments* - Federal Reserve press release

https://www.federalreserve.gov/newsevents/pressreleases/other20190805a.htm

 

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth