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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Apr 3, 2017

George Selgin, director of the Cato Institute’s Center for Monetary and Financial Alternatives, returns to *Macro Musings* to discuss his new proposal to reform how the Fed conducts open-market operations. He proposes abolishing the current primary dealer system and expanding the Fed’s number of counterparties. David and George also discuss the Fed’s plans for 2017 and whether it will seek to reduce its large balance sheet. David’s blog: George Selgin’s Cato archive: George Selgin’s Alt-M archive: (contains George’s monetary policy primer posts) David’s Twitter: George Selgin’s Twitter: Related links: *Money: Free and Unfree* by George Selgin “Reforming Last-Resort Lending: The Flexible Open-Market Alternative” by George Selgin (as part of *Prosperity Unleashed: Smarter Financial Regulation* published by the Heritage Foundation)