Larry White, an expert in free banking and monetary theory, joins the discussion to challenge conventional views on money and banking. He examines the evolution of financial systems and their relationship with personal freedom. White highlights the role of cryptocurrencies as potential disruptors in state-controlled monetary environments. Delving into ethical dimensions, he critiques traditional economic theories and advocates for a rights-based approach. The conversation also touches on the history of banking practices and the nuances of moral hazards in today's financial landscape.

Larry White, a professor of economics at George Mason University, discusses stablecoins, the history of free banking, and money market funds reform. They explore concerns and potential of stablecoins, dangers and concerns surrounding them, and the relationship between stablecoins and money market mutual funds. They also discuss proposals and debates for reforming money market funds and addressing risk in them.

Larry White, a former U.S. Coast Guard officer, transformed his career with an MBA funded by the Coast Guard, leading to high-profile finance roles. He discusses his strategic shift towards finance despite initial skepticism and his role as the first military global chairman of the Institute of Management Accountants. White shares insights on implementing innovative practices in military finance, including Lean and Six Sigma methodologies, and highlights the importance of mentorship and professional networks for career growth.