Michael Bordo

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.

Michael Bordo, Professor of economics and director of the Center for Monetary and Financial History at Rutgers University, discusses his research with Anna Schwartz and compares the Great Recession with the Great Depression. He challenges the assumption that financial crises lead to slow recoveries. They also talk about the history of American banking law and how it hindered economic growth. Michael gives advice on being a successful monetary historian.