Daniel Smith and Alexander Salter on *Money and the Rule of Law: Generality and Predictability in Monetary Institutions*

Macro Musings with David Beckworth

Dan Smith is an associate professor of economics at Middle Tennessee State University and directs the Political Economy Research Institute at MTSU. Alex Salter is an associate professor of economics at Texas Tech University. Dan and Alex join David on a special live episode of Macro Musings to discuss their new book, Money and the Rule of Law: Generality and Predictability in Monetary Institutions. Specifically, they discuss knowledge and incentive problems in setting monetary policy, what is meant by “rule of law,” how to make monetary policy accountable, centralized versus decentralized forms of digital currencies, thoughts on free banking, and much more.

Transcript for the episode can be found here.

Alex’s Twitter: @alexwsalter

Alex’s website: https://www.awsalter.com/

Alex’s Free Market Institute profile: https://www.depts.ttu.edu/freemarketinstitute/people/salter.php

Daniel’s Twitter: @smithdanj1

Daniel’s website: http://www.danieljosephsmith.com/about.html

Daniel’s MTSU profile: https://www.mtsu.edu/faculty/daniel-j-smith

Related Links:

*Seigniorage in a Cross-Section of Countries* by Reid W. Click

https://www.jstor.org/stable/2601207

*Money and the Rule of Law: Generality and Predictability in Monetary Institutions* by Peter J. Boettke, Alexander William Salter, and Daniel J. Smith

https://www.cambridge.org/core/books/money-and-the-rule-of-law/C825E982EDE5BD2BE41A99464DC885DB

David’s blog: macromarketmusings.blogspot.com

David’s Twitter: @DavidBeckworth