In this seminar, Gene Epstein explains how a free market in money would function and emphasizes its three principal advantages: preventing the government from printing money, ending boom-and-bust cycles, and preventing price inflation. Despite the objections to this proposal, Epstein believes it promises to be a more stable and predictable alternative to the current system. This presentation focuses on the gold standard, which would allow the development of this innovative idea. Epstein also discusses the role that government would play in this scenario.