David Malpass

speaker
289 appearances 4 recordings 1 series first heard Nov 2025 last heard 22 Jun

David Malpass’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
2 · Dec OctJan 26AprJulnow

Recordings per month over the last 12 months — 4 in all, peaking in Dec 2025 with 2.

Appearances

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And so that literally meant that Congress would regulate what a piece of aid was that was a part of a Spanish silver coin.
And that would give you a foundation for value for farmers and for people doing trade.
And England, of course, you know, during the war just choked off the U.S.
by not the colonies.
by not allowing them to have enough real money.
So those problems are still with us today.
The gold standard extended all the way to 1971 and then has never really been replaced with a concept.
How do you run
trillions, hundreds of trillions of dollars of transactions without having some kind of framework for whether you want it to be stable.
China does it differently.
They actually have an official policy of a strong and stable yuan, and that has allowed them to expand their use of their currency radically, which I think is dangerous to us.
That's true, but I really want to say it depends also on what your government says it wants.
So in their case, they, for four leaders, have said explicitly that they want the yuan to be stable so that people will use it.
And that was embedded really in the Constitution, that concept.
So as we look now, Greenspan started out as a sound money guy.
He used to write books about the importance of sound money.
But then as Fed chairman, he allowed different models to be used.
So that's where we stand today.
And I think it's a productive moment in history right now to say, what do we want a central bank to do with relationship to the money?
Congress hasn't been very effective with commissions.
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