David McWilliams
👤 SpeakerAppearances Over Time
Podcast Appearances
We go to Spain.
We go to Latin America.
We come back to America.
We look at the fact that Alexander Hamilton wasn't such a great dude.
We go through Wildcat banking.
We go through these various crises.
We emerge at the Fed.
I mean, basically, it is a tour de force, ladies and gentlemen, a tour de force.
And Brendan, as always, it's an absolute pleasure.
And we will see you down in Kilkenny in the first week of November.
Yeah, he's very unusual in the tribe of monetary economists out there.
I mean, he evokes far more emotions.
The book is fantastic.
Well, okay.
So Eurodollar, very simply, John, it's called the Eurodollar after the Second World War.
Europe was awash with American servicemen.
And they didn't want to accept payment in dodgy German marks, which had been hyperinflated away, or French francs, or sterling.
They're Americans, so they wanted dollars.
So banks in Europe, John, post-war, late 1940s, early 1950s, had to be able to create dollars.