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George Selgin

Published podcast speaker

Claims
14
Episodes
1
Shows
1
Named items
0

Claim ledger

What George said.

4 transcript-backed records

01 / evaluation

I think that was a very bad way to respond to the banking crisis, which, if you looked at what was really behind it, you find that bad regulations, rather than fractional reserve banking, per se, were the problems.

“I think that was a very bad way to respond to the banking crisis, which, if you looked at what was really behind it, you find that bad regulations, rather than fractional reserve banking, per se, were the problems.”
Speaker
George Selgin
Publisher
Conversations with Tyler

02 / evaluation

Because the theory behind it, first of all, wasn’t very sound. The idea was that we’re going to tax food processors and do that to raise the income of farmers, really of farm owners, and that the farm owners will have a higher — I’m now using language that wasn’t current at the time — will have a higher marginal propensity to consume than the people being taxed, and therefore, there’ll be more spending overall.

“Because the theory behind it, first of all, wasn’t very sound. The idea was that we’re going to tax food processors and do that to raise the income of farmers, really of farm owners, and that the farm owners will have a higher — I’m now using language that wasn’t current at the time — will have a higher marginal propensity to consume than the people being taxed, and therefore, there’ll be more spending overall.”
Speaker
George Selgin
Publisher
Conversations with Tyler

03 / evaluation

If it didn’t always look great, as was the case in the United States, for example — where we had crises — if you do the research, you’ll see that that was because of the specific dumb regulations in those countries that had a lot of problems, mainly the US and England.

“If it didn’t always look great, as was the case in the United States, for example — where we had crises — if you do the research, you’ll see that that was because of the specific dumb regulations in those countries that had a lot of problems, mainly the US and England.”
Speaker
George Selgin
Publisher
Conversations with Tyler

04 / evaluation

What has to be understood, though, is that if you have free banking with a fiat monetary standard, then you have solved problems because I think the freedom of the banks creates a lot of greater robustness in the banking system and less risk of financial crises.

“What has to be understood, though, is that if you have free banking with a fiat monetary standard, then you have solved problems because I think the freedom of the banks creates a lot of greater robustness in the banking system and less risk of financial crises.”
Speaker
George Selgin
Publisher
Conversations with Tyler
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