Manmohan Singh is the editor-in-chief of the Journal of Financial Markets Infrastructure. Manmohan returns to the show to discuss whether money still matters, the impacts of the GENIUS ACT, the lobbying show down over stablecoins in the US, stablecoins impact on the Eurodollar market, and much more. Check out the <a href= "https://www.mercatus.org/macro-musings/manmohan-singh-meaning-meaning-money-after-genius-act">transcript</a> for this week’s episode, now with links. Recorded on September 10th, 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 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 00:02:12 - Does Money Still Matter? 00:10:33 - Stablecoins 00:37:53 - Stablecoins and the Eurodollar Market 00:53:15 - Outro

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