George Selgin: Combining a fixed monetary base regime like Bitcoin with free banking is proposed

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George Selgin: Combining a fixed monetary base regime like Bitcoin with free banking is proposed — Bitcoin and free banking combination proposed

George Selgin discussed the idea of combining a fixed monetary base regime, as exemplified by Bitcoin, with free banking. He stated that he had proposed a similar solution in his first book, though not involving Bitcoin at the time. Selgin also noted that Hal Finney later endorsed the concept of combining Bitcoin with free banking.

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Selgin has previously clarified that the Fed began paying interest on reserves ahead of schedule in 2008, according to one of his statements. In a separate discussion, he analyzed how real losses for depositors after the 1934 devaluation were limited due to CPI increases remaining under 4%, as detailed in an earlier article. These comments reflect Selgin's wider engagement with historical monetary policy issues.

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