Economist George Selgin on Money, Inflation, and the Federal Reserve
I sat down with George Selgin, economist and Senior Fellow at the Cato Institute, to explore the complex world of money, banking, and monetary policy. George explains how money evolved from primitive barter systems to the sophisticated financial networks we rely on today. He breaks down the historical role of gold, central banking, and the Federal Reserve’s influence on inflation and interest rates. George also highlights competing economic theories of money creation, laying out his case for why they're wrong. Money isn't everything in life, but understanding how it works can help you avoid falling for the false promises of politicians and pundits.