In this episode of Two Beers With Steve I speak one on one with Prof. George Selgin, Professor of Economics at the University of Georgia's Terry School of Business.
We begin our discussion with definitions of what is money and what constitutes money before we begin exploring George Selgin's theory of Free Banking. Free Banking, in a quick one sentence description, is a completely deregulated banking system, free of a central bank and the FDIC, where private banks make loans and issue their own money.
In this interview Prof. Selgin describes the problems of our current system and offers a possible solution, the Free Banking system. It is becoming increasingly obvious to me, Steve, that the Federal Reserve is not the answer to the problem, but that it is the problem.
Good Money Book by George Selgin. Good Money tells the fascinating story of British manufacturers' challenge to the Crown's monopoly on coinage
In this episode we talk with author Ellen H. Brown, author of Web of Debt, about the creation of money, public banking, and naked short selling.
Upcoming guests for Two Beers With Steve are:
Richard Heinberg - Author of nine books including The Party's Over, Peak Everything and the newly released Blackout
George Selgin - University of Georgia Proffesor of Economics and authro fo the book The Theory of Free Banking
Also we will speak with the Producer of the Money Masters film w/ Bill Still.
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In Episode 20 - Investing for uncertainty I outline the approach that I (Steve) will be taking to navigate the near future. I am not a speculator but with interest rates on certificates of deposit near zero and the dollar in jeopardy I've moved into more non-traditional markets.
This podcast has a slow start because I go from reading 'Goodnight Moon' and Thomas and the Big Big Bridge' to walking into my office and recording 'Two Beers With Steve'. Enjoy.
For those that are concerned I have moved my personal financial files to a thumb drive and I lock that thumb drive in a firesafe, I will move it to the safety deposit box next time I make the run.
We re-visit an earlier episode (Episode 12), which was an episode where the regular roundtable made observations on the current healthcare. This time around we invited a doctor, Dr. Christopher Peters, and a hospital Chief Financial Officer (CFO), Bill Patterson, to give us an insiders perspective to the healthcare discussion going on in towns across America.
Although this is a departure from our normal financial, economic, and monetary topics we discuss I felt it was important to re-visit this topic for a number of reasons. Many of the reasons are brought up in the show but mainly my reasoning is to learn more about the issue. The more we learn the less we are influenced by political rhetoric and the easier it will be to come to clear conclusions.
Thank you for listening.
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