George Selgin is a senior fellow and director emeritus of the Center for Monetary and Financial Alternatives at the Cato Institute. George is also a frequent guest on Macro Musings, and he rejoins the podcast to talk about some of the recent developments in the monetary and financial policy space. Specifically, David and George discuss the history and present developments surrounding FedNow, the future of real-time payments, how to revise the Fed's operating system, whether the Fed is currently delivering on a soft landing, and a lot more. Transcript for this week's episode. George's Twitter: @GeorgeSelgin George Cato Institute profile David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Join the Macro Musings mailing list! Check out our new Macro Musings merch! Related Links: *George Selgin on False Dawn: The New Deal and the Promise of Recovery* by Macro Musings *Getting Up From the Floor* by Claudio Borio *Opening a Federal Reserve Account* by Julie Hill *From Cannabis to Crypto: Federal Reserve Discretion in Payments* by Julie Hill *Fiscal Arithmetic and the Global Inflation Outlook* by Peder Beck-Friis and Richard Clarida

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“What did the council decide on item 42?” — answered with the speaker and the moment.