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.
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