Today we speak with Eswar Prasad, the Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell University. He is also a Senior Fellow at the Brookings Institution. We discuss the current monetary and financial system, how money is created, what limits money creation, and whether “hard money” like gold is a good thing. We then shift to crypto and discuss what, if anything, it will contribute to the financial system. We also discuss Bitcoin specifically and whether it accomplishes what Satoshi had hoped it would.