George Selgin on Inflation, Fintechs, and Broadening Access to Fed Master Accounts

George Selgin is the director of the Cato Institute’s Center for Monetary and Financial Alternatives and is a returning guest to the podcast. He rejoins Macro Musings to talk about the Fed’s recent calls for comments on opening up Fed accounts to fintechs and other non-bank financial firms. George and David also discuss monetary plumbing issues, the state of fiscal QE, and more.   Transcript for the episode can be found here.   George’s Twitter: @GeorgeSelgin George’s Cato Institute profile: https://www.cato.org/people/george-selgin   Related Links:   *Keeping Fintech’s Promise: A Modest Proposal* by George Selgin https://thehill.com/opinion/finance/552614-keeping-fintechs-promise-a-modest-proposal   *Central Bank Digital Currency as a Potential Source of Financial Instability* by George Selgin https://www.cato.org/cato-journal/spring/summer-2021/central-bank-digital-currency-potential-source-financial-instability   *Federal Reserve Board Invites Public Comment on Proposed Guidelines to Evaluate Requests for Accounts and Payment Services at Federal Reserve Banks* by the Fed https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210505a.htm   *Aaron Klein on Real-time Payments and Financial Regulation* https://macromusings.libsyn.com/aaron-klein-on-real-time-payments-and-financial-regulation   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth