Money and the Rule of Law: In Conversation with David Smith

On this week’s episode of the Governance Podcast, our Assistant Director Dr. Bryan Cheang interviews Prof. Daniel Smith from Middle Tennessee State University. This episode features his latest book Money and the Rule of Law, published by Cambridge University Press and co-authored with Alexander Salter and Peter Boettke. Drawing on a wide body of scholarship, this volume presents a novel argument in favor of embedding monetary institutions into a rule of law framework. The authors argue for general, predictable rules to provide a sturdier foundation for economic growth and prosperity. The authors argue that a rule of law approach to monetary policy would remedy the flaws that resulted in misguided monetary responses to the 2007-8 financial crisis and the COVID-19 pandemic.

The Guest
Daniel J. Smith is the Director of the Political Economy Research Institute and Professor of Economics in the Jones College of Business at Middle Tennessee State University. He serves as the North American Co-editor of The Review of Austrian Economics and is the President-elect of the Society for the Development of Austrian Economics. His academic research and policy work uses Austrian and public choice economics to analyze private and public governance institutions.

About CSGS:
The Centre for the Study of Governance and Society (CSGS) examines how both formal and informal rules of governance operate and evolve, and how these rules facilitate or imperil peaceful, prosperous, and ecologically secure societies.

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