In my earlier post regarding John Allison, I mentioned Prof. George Selgin. I just came across a fascinating interview with Selgin in a newsletter published by the Richmond Federal Reserve Bank. (Hat tip to Larry White.)

If you’re interested in some radical thinking about what’s wrong with our system of money and banking (or an “extreme” position, that sociology prof I mentioned in the earlier post might say), you’ll want to read what Selgin has to say.

If I ever find the time, I’d like to write a book entitled “The Ten Worst Blunders in American History.” Letting government get into education and letting it take control of money and banking easily make the list.