People - including some economists - are so used to governments establishing currencies that we are unaware that there are alternatives. Money is simply a tool that reduces the frictional costs of trading goods and services and of saving. Markets can evolve money in the same way that they evolve all manner of other solutions to even more complex problems. Prof. Lawrence H. White joins us this week to talk about alternatives to government-created currencies.

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Quick Hits

https://ojjdp.ojp.gov/publications/trends-in-youth-arrests.pdf

https://observer.com/2022/09/nft-trading-volume-plunges-97-since-january-raising-questions-about-their-future/

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