We've got exciting news for the blog!

For several years before the start of, I had been frustrated by how difficult it was for people seriously interested in monetary policy and the Federal Reserve to find good information and debate. Part of the problem was that great scholars like George Selgin, Larry White and Kevin Dowd didn't have non-academic institutional backing to promote their work. Seeing the need for a clearinghouse for, well, "homeless" scholars, I created this blog and have been really happy with its success.

Prof. Selgin has since found a home at the Cato Institute as the director of their new Center for Monetary and Financial Alternatives. Rather than spending his time grading students' papers, he is spending more time writing his own and further promoting the ideas long discussed in this forum!

As a result, we are pleased to announce that the Center for Financial Privacy and Human Rights of the Liberty and Privacy Network will be teaming up with Cato’s Center to cosponsor a rebranded monetary alternatives blog Alt-M.

At, we plan to have the best of both worlds–the energy and talent from a diverse group of experts coupled with all of the institutional advantages Cato has to help us broaden our reach to get the word out. In the freshly redesigned, navigation-friendly layout with easy social media sharing options, all of the blog posts by the team will be archived over on our new site, don’t worry. We see this as a win-win for everyone.

I don't think there has been a time since the stagflation era that we've seen so much dissatisfaction with the Fed. Bernanke and Yellen don't have the same stature Volcker and (early) Greenspan did. Not only is the audit the Fed proposal gaining steam, but now fundamental Federal Reserve System restructuring is on the table. And I think few people look to the Euro now as they used to as a model. The time to bolster our efforts to promote alternatives to failed monetary regimes is now.

Thank you for all your support of over the years. We look forward to continuing to provide the unique content you’ve come to expect here over at So don’t forget to sign up for all the feeds there to get future updates. Shortly, this URL will automatically redirect to the new and improved blog, but keep bookmarked: we plan on resurrecting this site for another project in the works. Stay tuned!