George Selgin, director of the #Cato Institute's center for monetary and financial alternatives, calls in to discuss remarkable recent events in the banking system and the potential implications.

@GeorgeSelgin

1:21 A money market which fails to clear

5:45 Interest on excess reserves: Unintended consequences

11:24 Too much collateral = too much debt?

15:50 More QE on the way

20:10 Fixes to fixes to fixes

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