George A. Selgin
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Senior Affiliated Scholar
George Selgin is a Senior Affiliated Scholar at the Mercatus Center at George Mason University, 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. He is the author of The Theory of Free Banking (Rowman & Littlefield, 1988); Bank Deregulation and Monetary Order (Routledge, 1996); Less Than Zero: The Case for a Falling Price Level in a Growing Economy (The Institute of Economic Affairs, 1997); Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage (University of Michigan Press, 2008); and, most recently, Money: Free and Unfree (Cato Institute, 2016).
Selgin is one of the founders, along with Kevin Dowd and Lawrence H. White, of the Modern Free Banking School, which draws its inspiration from the writings of F. A. Hayek on denationalization of money and choice in currency. Selgin has written for numerous scholarly journals, including the British Numismatic Journal; the Economic Journal; the Economic History Review; the Journal of Economic Literature; and the Journal of Money, Credit, and Banking; and for popular outlets such as the Christian Science Monitor, the Financial Times, and the Wall Street Journal, among others.
Selgin retired from the University of Georgia to join Cato in September 2014. He has also taught at George Mason University, the University of Hong Kong, and West Virginia University. He holds a BA in economics and zoology from Drew University, and a PhD in economics from New York University.
Latest Work
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Strategic Bitcoin Reserves, Debanking, and the Fed’s Framework Review
- | Federal Reserve Framework Review Federal Reserve Framework Review
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
A Critique of Lars Svensson’s Arguments Against NGDP Targeting
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Fed Master Accounts, Central Bank Independence, and the Fed’s Balance Sheet
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Macro Lit Review 3: Highlights from Early 2023 with George Selgin
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Macro Lit Review 1: Highlights from Mid-2022 with George Selgin
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
BONUS: George Selgin on the Fed Taper and Shrinking the Fed’s Balance Sheet
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on the Future of CBDC, Fed Accounts, and Stablecoins
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Bitcoin and the Future of CBDCs
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Inflation, Fintechs, and Broadening Access to Fed Master Accounts
Latest Work
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Strategic Bitcoin Reserves, Debanking, and the Fed’s Framework Review
- | Federal Reserve Framework Review Federal Reserve Framework Review
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
A Critique of Lars Svensson’s Arguments Against NGDP Targeting
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Fed Master Accounts, Central Bank Independence, and the Fed’s Balance Sheet
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Macro Lit Review 3: Highlights from Early 2023 with George Selgin
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Macro Lit Review 1: Highlights from Mid-2022 with George Selgin
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
BONUS: George Selgin on the Fed Taper and Shrinking the Fed’s Balance Sheet
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on the Future of CBDC, Fed Accounts, and Stablecoins
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Bitcoin and the Future of CBDCs
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Inflation, Fintechs, and Broadening Access to Fed Master Accounts
Latest Work
- | Federal Reserve Framework Review Federal Reserve Framework Review
- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
A Critique of Lars Svensson’s Arguments Against NGDP Targeting
- | Low Interest Rates and the Economy: A Mercatus Colloquium Low Interest Rates and the Economy: A Mercatus Colloquium
- | Monetary Policy Monetary Policy
- | Research Papers Research Papers
Fiscal and Economic Implications of Higher Interest Rates
- | F. A. Hayek Program F. A. Hayek Program
- | Financial Markets Financial Markets
- | Journal Articles Journal Articles
Has the Fed Been a Failure?
- | F. A. Hayek Program F. A. Hayek Program
- | Journal Articles Journal Articles
Credible Currency
- | F. A. Hayek Program F. A. Hayek Program
- | Book Chapters Book Chapters
Mengerian Perspectives on the Future of Money
- | F. A. Hayek Program F. A. Hayek Program
- | Journal Articles Journal Articles
A Fiscal Theory of Government's Role in Money
- | F. A. Hayek Program F. A. Hayek Program
- | Journal Articles Journal Articles
In Defense of Fiduciary Media
- | F. A. Hayek Program F. A. Hayek Program
- | Journal Articles Journal Articles
Money and the Invisible Hand: A Correction
- | F. A. Hayek Program F. A. Hayek Program
- | Book Chapters Book Chapters
National Bank Notes as a Quasi-High-Powered Money
- | F. A. Hayek Program F. A. Hayek Program
- | Journal Articles Journal Articles
How Would the Invisible Hand Handle Money?
Latest Work
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Strategic Bitcoin Reserves, Debanking, and the Fed’s Framework Review
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Fed Master Accounts, Central Bank Independence, and the Fed’s Balance Sheet
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Macro Lit Review 3: Highlights from Early 2023 with George Selgin
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Macro Lit Review 1: Highlights from Mid-2022 with George Selgin
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
BONUS: George Selgin on the Fed Taper and Shrinking the Fed’s Balance Sheet
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on the Future of CBDC, Fed Accounts, and Stablecoins
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Bitcoin and the Future of CBDCs
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Inflation, Fintechs, and Broadening Access to Fed Master Accounts
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on Average Inflation Targeting and *The Menace of Fiscal QE*
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on the Fed-Treasury Relationship, New Lending Facilities, and the Fed’s Evolving Role in Response to COVID-19
Latest Work
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
George Selgin on Average Inflation Targeting and 'The Menace of Fiscal QE'
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
A Fed for Next Time: Ideas for a Crisis‐Ready Central Bank
- | Monetary Policy Monetary Policy
- | Event Video Event Video
A Fed for Next Time: Ideas for a Crisis‐Ready Central Bank: Panel 4 Preserving Monetary Autonomy
- | Monetary Policy Monetary Policy
- | Event Video Event Video
A Fed for Next Time: Ideas for a Crisis-Ready Central Bank: Panel 3 Modernizing Liquidity Provision
- | Monetary Policy Monetary Policy
- | Event Video Event Video
A Fed for Next Time: Ideas for a Crisis‐Ready Central Bank: Panel 2 Defining Fiscal Stimulus Duties
- | Monetary Policy Monetary Policy
- | Event Video Event Video
A Fed for Next Time: Ideas for a Crisis‐Ready Central Bank: Panel 1 Reforming Credit Policy
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Round Two: What Role Should the Federal Reserve Play in Developing a Faster Payments System?
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary