Does the world truly need central banks? And what would a financial system without central banking look like? This is the question that Dylan Grice, co-founder of Calderwood Capital, and George Selgin, director at the Cato Institute's Center for Monetary and Financial Alternatives, explore in this in-depth, peer-to-peer conversation. Together, they survey historical examples of "free banking," examine key turning points in the development of the monetary system as it's known today, and imagine its potential future. Filmed on September 7, 2021.