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

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 transcript for this week’s episode, now with links.
Recorded on July 22nd, 2025
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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