Podcast
MDM 2018 Plenary Session: The Public Option and The Narrow Bank (TNB)

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Recent work identifies money as a utility or infrastructural service, suggesting the government’s obligation to provide access and to equalize compensation paid to those holding deposits. Innovative proposals for redesign argue that the central bank should provide transactional services directly to individuals or, alternatively, to large depositors.

Presentation and Comment

Morgan Ricks – Vanderbilt University Law School
Commentator: Jeremy Stein, Harvard University (formerly Governor, U.S. Federal Reserve)
James McAndrews – TNB Chairman and Chief Executive Officer
Commentator: Morgan Ricks