Prof. Lawrence White: "If inflation gets bad enough, people will demand better money."

The FED and the ECB are facing difficult times. Is the monetary system stuck in a deadlock? And if so, can we have better money? Dr. Marius Kleinheyer discusses key questions about monetary policies, central banks and the possibility of gold and cryptocurrency backed money with our guest Prof. Dr. Larry White and Prof. Dr. Gunther Schnabl (Director of the Institute). Dr. Lawrence H. White is a Distinguished Senior Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, a Senior Fellow at the Cato Institute’s Center for Monetary and Financial Alternatives, and a Retired Faculty member at George Mason University. Dr. White is an expert on monetary policy, private money and the author of numerous books, including "Better Money: Gold, Fiat, or Bitcoin?" (Cambridge University Press, 2023). Please visit his personal homepage: https://mason.gmu.edu/~lwhite11/ Stay up to date and subscribe to our newsletter (in German only): https://www.flossbachvonstorch-researchinstitute.com/de/wir-in-den-medien/unser-newsletter Please visit our website: https://www.flossbachvonstorch-researchinstitute.com/en 00:00 Introduction 01:00 The politization of central banks 10:15 The possibility of monetary tightening 15:10 Alternative monetary systems 18:20 Gold standard 24:08 Crypto standard 32:30 Comeback of the Dollar? 36:00 What FED and ECB should do? #gold #usd #krypto #bitcoin #tether #centralbanking #ecb #fed #monetarypolicy