fed independence, alternative currencies, fed, federal reserve, cato monetary conference

  From President Trump lobbing invectives against Federal Reserve Chairman Jerome Powell on Twitter to progressives clamoring for the Federal Reserve to use monetary policy to finance social projects, our central bank’s independence looks increasingly tenuous. Recently, Chairman Powell called for an internal "strategic review" of how…

Monetary Policy, MMT, Financial Inclusion, Cato Journal, Fed

The Fall 2019 edition of the Cato Journal, the Cato Institute’s interdisciplinary journal of public policy, is now available online. Readers of Alt-M will find the articles on monetary and financial topics of special interest.  Their topics range from financial inclusion, to macroprudential policy, to Modern Monetary…

How should central bankers provide aid to struggling financial institutions during a panic? Ask 19th-century economic theorist Walter Bagehot. Or, if you can't do that, ask his biographer: acclaimed author, publisher, and monetary scholar James Grant. Join Grant and the Cato Institute's George Selgin on Wednesday, September…

real bills doctrine, the fed, gold, timberlake, humphries, cato, milton friedman

The Cato Institute's newest book, Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922–1938 is out now—and it's already getting rave reviews for challenging conventional wisdom on the Great Depression. In Gold, the Real Bills Doctrine, and the Fed, preeminent monetary historians Thomas…

financial inclusion, financial technology, financial regulation, unbanked, underbanked

What is the proper policy framework for promoting financial inclusion in a free society? New financial tools are bringing more people into the modern financial world—changing how households save, borrow, pay for everyday needs, and invest in their futures. They’re also creating new opportunities for unbanked and…