Money, Credit and Banking—Alasdair Macleod

Alasdair Macleod joins David Scott to discuss all things related to money, banking and credit. And by "all", we do mean all. 

A brief summary of the subject matter includes:

  • The banking crisis and the failure of Silicon Valley Bank
  • The bond market and its effect on bank stability
  • The effect of zero interest rates
  • The sad death of the Airdrie Savings Bank
  • Forgetting the lessons of the financial crisis of 2008
  • What happened to Credit Suisse and what it means for confidence in Swiss banking
  • The problems and perverse incentives arising from bank regulation
  • Why central bank credit creation is destroying the currency
  • Lessons from John Law and the Mississippi Bubble
  • Why, when things get serious, the bankers have to lie
  • What the Bank for International Settlements is
  • The problems with Global Systemically Important Banks (GSIBs)
  • Investigating Alex Salmond's tea and biscuits
  • What a sound banking system should look like
  • Why the system is so unstable and prone to crashes
  • The nature and history of credit
  • How banks creats money (currency) out of thin air
  • The Bank of Scotland, the Royal Bank of Scotland and how credit and banking helped to transform Scotland
  • What "cautioners" were in Scots banking law
  • The Roman legal basis of how the world treats money and credit
  • Gold as money and as an alternative to the current credit- and debt-based system

... amongst many other topics.

I don't know how we do it for the money!