{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"George Selgin on the Past, Present, and Future of a Real-time Payments System","description":"George Selgin is the director of the Cato Institute\u2019s Center for Monetary and Financial Alternatives and is a returning guest to the Macro Musings podcast. Today, George joins the show to talk about recent developments in the payment system. Specifically, George and David discuss the history of attempted payment system solutions, the challenges and costs facing the implementation of a real-time payment system, and why we should care about this issue today.&amp;nbsp;&amp;nbsp;&amp;nbsp; &amp;nbsp; Transcript for the episode:  https:\/\/www.mercatus.org\/bridge\/podcasts\/11112019\/george-selgin-past-present-and-future-real-time-payments-system &amp;nbsp; George\u2019s Twitter: @GeorgeSelgin George\u2019s Cato Institute profile: https:\/\/www.cato.org\/people\/george-selgin &amp;nbsp; Related Links: &amp;nbsp; *Federal Reserve Announces Plan to Develop a New Round-the-clock Real-time Payment and Settlement Service to Support Faster Payments* - Federal Reserve press release  https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/other20190805a.htm &amp;nbsp; David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth ","author_name":"Macro Musings with David Beckworth","author_url":"http:\/\/macromarketmusings.blogspot.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/11965331\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/57147698"}