Hayek Lecture 2016: Price Stability and Financial Stability without Central Banks

The 2016 Hayek Memorial Lecture, held on 8 June 2016 at Church House Conference Centre, hosted keynote speaker Professor George Selgin, who spoke on the subject "Price Stability and Financial Stability without Central Banks - lessons from the past for the future."
Prof George Selgin is a senior fellow and director of the Center for Monetary and Financial Alternatives at the Cato Institute and Professor Emeritus of Economics at the University of Georgia. His research covers a broad range of topics within the field of monetary economics, including monetary history, macroeconomic theory, and the history of monetary thought.
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This year's Hayek Lecture was hosted as part of our Paragon Initiative: the most comprehensive project ever undertaken by the IEA.
This five year programme will provide a fundamental reassessment of what Government should - and shouldn’t - do. It will put every area of government activity under the microscope and analyse the failure of current policies.
To learn more about the Paragon Initiative, click here: www.iea.org.uk/paragon

Пікірлер: 7

  • @7_red24
    @7_red247 жыл бұрын

    Excellent. Mr. Selgin's insights are illuminating and clarifying. And he articulates them precisely and well.

  • @---jc7pi
    @---jc7pi8 жыл бұрын

    Great talk. Neat summation of his work.

  • @MrTeeri4
    @MrTeeri46 жыл бұрын

    i love George S.

  • @quiquee
    @quiquee4 жыл бұрын

    I cant believe only 2149 views of this great talk. People are afraid to face the facts. At some moment in his speaches Georges mentioned monetary supply being best made by computers, This is what Bitcoin is about. Sadly few people understand that

  • @TheHonestBroker

    @TheHonestBroker

    4 жыл бұрын

    Bitcoin is a terrible example though. First, it's not a currency, but a payment method, so it isn't even relevant to this topic. Second, it's an extremely poorly designed payment method, hence the high transaction costs. Perhaps block chain technology will impact actual currencies one day, but it won't involve Bitcoin.

  • @quiquee

    @quiquee

    4 жыл бұрын

    @@TheHonestBroker , I am curious to know what is your definition of currency. And as for transactions costs the average cost has been well below 1USD per transaction, regardless of the amount (bitinfocharts.com/comparison/bitcoin-transactionfees.html#6m) . For small amounts, lets say below 100USD you can use Bitcoin Lightning Network and keep the cost within a franction of a cent. Blockchain technology has already started to impact payments technology and it does involve Bitcoin. An example of this is Digitec/Galaxus in Switzerland. They have dropped some of the traditional electronic payment methods and have adopted payments in Bitcoin. This company is the equivalent of Amazon for the US, so not a small thing, IMHO

  • @sebastianmullerbalcazar6229

    @sebastianmullerbalcazar6229

    Жыл бұрын

    @@TheHonestBroker high transaction cost? poorly designed???? omg and just 2 years ago . . . . I am using BTC to make international transaccionts and omg it's saving me A LOT OF money AND TIME. . . . . avoiding fiat money as much as I can . . . .