Walker Todd, Author at Alt-M

About Walker Todd

Walker Todd is an adjunct scholar at the Cato Institute's new Center for Monetary Financial Alternatives. He is a 2014 grantee of The Institute for New Economic Thinking. Todd lives in Chagrin Falls, Ohio, near Cleveland, and has been affiliated with AIER in one capacity or another since 1995, where he now serves as a trustee. He is an attorney admitted to practice in Ohio and New York and is an economic consultant with 20 years’ experience at the Federal Reserve Bank of New York and the Federal Reseve Bank of Cleveland. He has been an instructor in the Special Studies program at Chautauqua Institution, Chautauqua, NY, since 1997. He holds a Ph.D. in French from Columbia University and a J.D. from Boston University School of Law. A director and program organizer for the Committee for Monetary Research and Education, he was an adjunct faculty member of the Cleveland-Marshall College of Law, Cleveland State University, for 13 years. He has numerous publications, both for AIER and for others, on banking, central banking, monetary and property rights topics, including those related to international debt, the International Monetary Fund, and the regulation of the banking system and financial markets.

FOMC, Interest on excess reserves, negative interest rates, reverse repos, Stanley Fischer

News, The Fed & Central Banks

No Exit

Walker Todd/February 9, 2016February 8, 2016 /10 Comments

Sartre famously wrote, "L'enfer, c'est les autres" (“Hell is other people"). In his recent speech, Fed Vice Chairman Stanley Fischer, assisted, as he says, by William English of the Board's staff, supplies an example of hell being the "other policy." The last substantive paragraph of Fischer’s speech…

Economic History, Economic Thought, The Fed & Central Banks

Fed needs to stop asset acquisitions for a generation or so

Walker Todd/October 29, 2014December 19, 2015 /4 Comments

The Federal Open Market Committee (FOMC) meeting that ended today (Oct. 29) marked the first chance for the FOMC finally to do the right thing since the onset of the great financial crisis in the late summer of 2008. That right thing consists of resolving not to…

Financial Markets, Money & Politics, The Fed & Central Banks

Near Zero Interest Rates

Walker Todd/March 7, 2012December 19, 2015 /26 Comments

I was recently interviewed for the New York Times article 0.2% Interest? You Bet We’ll Complain. Fed board governor Sarah Bloom Raskin said in prepared remarks: [M]any households are benefiting from the low level of interest rates […] [H]ouseholds have been able to refinance their mortgages into…

Alt-M

Ideas for an Alternative Monetary Future