This archived content originally appeared at, the predecessor site to, and does not carry the sponsorship of the Cato Institute.

"Do We Really Need a Central Bank?"

I don't believe I've shared this lecture here, so I will remedy that.  This is a talk I gave in December of 2009 at George Mason University in which I explore the history of banking in the US, the theoretical arguments against central banking, and then the free banking alternative. My theme was that critics of central banking need to have sound arguments from both theory and history and avoid falling into the stereotypical conspiracy theory claptrap. The talk is about an hour, and there's about 25 minutes of questions.