Manmohan Singh on the Meaning of Money after the GENIUS Act

莫汉·辛格谈《天才法案》通过后金钱的意义

Macro Musings with David Beckworth

2025-10-13

53 分钟
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单集简介 ...

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 transcript for this week’s episode, now with links. Recorded on September 10th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe 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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单集文稿 ...

  • Welcome to Macro Musings,

  • where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past,

  • present, and future.

  • I am your host, David Beckworth,

  • a senior research fellow with the Mercatus Center at George Mason University,

  • and I'm glad you decided to join us.

  • Our guest today is Manmohan Singh.

  • Manmohan is a former IMF official and is currently the editor-in-chief of the Journal of Financial Markets infrastructure.

  • Manmohan joins us today to discuss the meaning of money in the digital age,

  • its implications for the financial plumbing system, and for central banks.

  • Manmohan, welcome back to the show.

  • Thank you for the opportunity.

  • Again, last time we met over COVID.

  • So this is one on one now.

  • It's great to meet you in person here in the capital.

  • We just work a few miles apart from each other.

  • We're at the IMF and I'm here in Arlington at the Mercatus Center.

  • So you recently stepped down from IMF.

  • So are you excited for this new transition in your life, this new stage of your life?

  • Yeah.