Professor George Selgin: Do we really need Central Banks?

The Cato Institute’s Professor George Selgin and the Institute of Economic Affairs’ Professor Philip Booth discuss the role of Central Banks during the financial crisis, examples of countries with historically successful free banking policies, and whether or not in 2016 we really need Central Banks.

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.

This video is 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.