Jerry Dwyer is a professor emeritus of economics at Clemson, a vice president at the Federal Reserve Bank of Atlanta and is currently a senior fellow at the Bitcoin Policy Institute. In Jerry’s first appearance on the show, he discusses what it was like having Milton Friedman as a mentor, the history of free banking, the status of cryptocurrencies including Bitcoin, and much more. Check out the <a href= "https://www.mercatus.org/macro-musings/jerry-dwyer-history-free-banking-and-future-bitcoin">transcript</a> for this week’s episode, now with links. Recorded on July 22nd, 2025 Subscribe to David's Substack: <a href= "https://macroeconomicpolicynexus.substack.com/">Macroeconomic Policy Nexus</a> Follow David Beckworth on X: <a href= "https://twitter.com/DavidBeckworth">@DavidBeckworth</a> Follow Jerry on X: <a href= "https://x.com/gpdwyer">@GPDwyer</a> Follow the show on X: <a href= "https://twitter.com/Macro_Musings">@Macro_Musings</a> Check out our Macro Musings <a href= "https://www.bonfire.com/store/mercatus-podcast-swag/">merch!</a> <a href= "https://www.youtube.com/@BeckworthDavid">Subscribe</a> to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:24 - Jerry’s Career 00:12:01 - Free Banking Period 00:28:37 - Bitcoin and Stablecoins 00:55:44 - Outro

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Jerry Dwyer on the History of Free Banking and the Future of Bitcoin

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