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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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About Larry White
Lawrence H. White is a senior fellow at the Cato Institute, and professor of economics at George Mason University since 2009. An expert on banking and monetary policy, he is the author of The Clash of Economic Ideas (Cambridge University Press, 2012), The Theory of Monetary Institutions (Basil Blackwell, 1999), Free Banking in Britain (2nd ed., Institute of Economic Affairs, 1995), and Competition and Currency (NYU Press, 1989). He is co-editor of Renewing the Search for a Monetary Constitution (Cato Institute, 2015), and editor of The History of Gold and Silver (3 vols., Pickering and Chatto, 2000), Free Banking (3 vols., Edward Elgar, 1993), and The Crisis in American Banking (NYU Press, 1993). His articles on monetary theory and banking history have appeared in the American Economic Review, Journal of Money, Credit, and Banking, and other leading professional journals.

White received the 2008 Distinguished Scholar Award of the Association for Private Enterprise Education. He has been a visiting research fellow at the American Institute for Economic Research, a visiting lecturer at the Swiss National Bank, and a visiting scholar at the Federal Reserve Bank of Atlanta. He is a co-editor of the online journal Econ Journal Watch, and hosts bimonthly podcasts for EJW Audio. He is also a member of the Financial Markets Working Group of the Mercatus Center at George Mason University.

White holds a BA in economics from Harvard College and a PhD in economics from UCLA.
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Events, Free Banking

Talking points for the Keynes-Hayek Debate

Larry White/November 9, 2011June 19, 2022 /18 Comments

Here is the prepared version of my opening statement for the Keynes-Hayek debate sponsored by Reuters that was held in New York City tonight. Due to time constraints, I skipped over some bullet points. The video recording is now available: here. • Friedrich Hayek developed a business…

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Economic Thought, Inflation & Deflation, Money & Politics

Tom Sargent, 2011 Nobel Laureate

Larry White/October 10, 2011June 19, 2022 /3 Comments

In honor of Tom Sargent's prize, I extract the last section of (forgive the self-promotion) my forthcoming book The Clash of Economic Ideas (due out in April from Cambridge University Press). Unpleasant monetarist arithmetic During the early 1980s a group of economists then at the University of…

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Commodity Money, Free Banking

Achieving a Stable Dollar

Larry White/October 6, 2011June 19, 2022 /5 Comments

I gave the following talk this morning at the Heritage Foundation Conference on a Stable Dollar, held at the Ritz-Carlton Hotel in Arlington, VA. I’m going to talk about some of the choices we face among monetary regimes, including choices among various types of gold standards. But…

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Fiat Money

The Euro's Problems

Larry White/September 14, 2011June 19, 2022 /6 Comments

Back in July I posted an excerpt here of a talk I had given on the flaws in the euro. The complete version of my talk on the problems of the euro is now available as an Economic Bulletin from the American Institute for Economic Research.

Events, Fiat Money, Free Banking

The Free Competition in Currency Act of 2011

Larry White/September 13, 2011June 19, 2022 /20 Comments

Below is the written version of the testimony I gave this afternoon before the House or Representatives subcommittee chaired by Rep. Ron Paul. Q&A followed–when a transcript becomes available, I'll post the link here. The text of the Act I spoke about, which is quite brief, is…

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Recent Posts

  • The Menace of Fiscal Inflation
  • Monetary Progress
  • Paul Krugman and the "Ersatz" Theory of Private Currencies
  • The New Deal and Recovery, Part 18: The Recovery So Far
  • Should the Fed Devalue Our Currency to Implement Negative Interest Rates?
  • Populism and the Future of the Fed: A New Book from Cato’s Center for Monetary and Financial Alternatives
  • Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007)

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About Us

Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

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