Episode
Dan Awrey on the Future of the U.S. Payments System in a Digital World
Macro Musings with David Beckworth · Feb 9, 2026 · 57 min
Dan Awrey is a professor of Law at Cornell University and the author of the new book Beyond Banks: Technology, Regulation, and the Future of Money. Dan returns to the show to discuss his new book, the shadow monetary system, the case for markets to correct this problem, Gresham's new law, his proposals for fixing the payments system, and much more. Check out the transcript for this week's…