Evidence receipt / uncertainty
Published · transcript-backedGeorge Selgin: uncertainty
15 Oct 2025 Conversations with Tyler George Selgin on the New Deal, Regime Uncertainty, and What Really Ended the Great Depression
“Given that position, I don’t know whether I should say independence is overrated or underrated because there’s a sense in which it’s overrated because there isn’t that much of it, but it’s underrated to the extent that people say, “Well, let’s not worry about losing it all.”
Source trail
Everything needed to verify it.
- Speaker
- George Selgin
- Attribution
- Verified speaker
- Claim type
- uncertainty
- Recorded
- 15 Oct 2025
- Publisher
- Conversations with Tyler
Transcript context
…It’s an issue today, right? Yes, it’s very hard. The best way I can answer that question is by saying what I have said several times in other forums, that it’s precisely because our central bank, the Fed, is not very independent that we need to take seriously the preservation of what little independence it does have. Given that position, I don’t know whether I should say independence is overrated or underrated because there’s a sense in which it’s overrated because there isn’t that much of it, but it’s underrated to the extent that people say, “Well, let’s not worry about losing it all. ” Given that the commodity demands for gold are often quite unstable — in recent times, it would be the Central Bank of China as a major culprit — can we have any kind of gold standard at all in one country, even a big country like the US? Or is that just out?…
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