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
- | Expert Commentary Expert Commentary
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 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
- | 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

- | Macro Musings Macro Musings
- | Macro Musings Macro Musings
George Selgin on Repo Market Stress, Fed Balance Sheet Volatility, and a Standing Repo Facility

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
George Selgin on the Past, Present, and Future of a Real-Time Payments System
