September 22, 2021

"Money and the Rule of Law" Book Panel

  • Peter J. Boettke

    Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Scott Sumner

    Ralph G. Hawtrey Chair of Monetary Policy
  • Lawrence H. White

    Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics
  • Alexander W. Salter

  • Daniel J. Smith

The Hayek Program Podcast includes audio from lectures, interviews, and discussions of scholars and visitors from the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.

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Constrained discretion is held up as the reigning paradigm for central banks. But no matter how smart or well-intentioned central bankers are, discretionary policy contains information and incentive problems that make macroeconomic stability systematically unlikely. On this episode of the Hayek Program Podcast, we'll hear a book panel discussion on "Money and the Rule of Law," written by Peter Boettke, Alexander Salter, and Daniel Smith. Salter presents the book's main argument for general, predictable rules to provide a sturdier foundation for economic growth and prosperity. He is joined on the panel by David Beckworth, Lawrence White, and Daniel Smith. The panel is moderated by Peter Boettke.