In this show, I talk with Professor Kevin Dowd. He is professor of finance and economics at Durham University and an adjunct scholar at the Cato Institute. He has written extensively on the history and theory of free banking, central banking, financial regulation, and monetary systems. His books include Private Money: The Path to Monetary Stability, Laissez‐Faire Banking and Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System. In this podcast we discuss:

1. Was government intervention in 2020 the right thing to do?
2. The capital problems of the banking and insurance sectors
3. Why free banking (no/light regulation) works
4. The problem with MMT
5. Why debt levels matter
6. How negative rates could hurt