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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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Fiat Money, The Fed & Central Banks

Is the Euro Flawed?

Larry White/July 8, 2011December 19, 2015 /7 Comments

What follows is the slightly revised first part of remarks I gave at the Estoril Political Forum, in Estoril, Portugal, on 28 June 2011. Of course the euro is flawed. It is not, after all, a monetary standard evolved by the invisible hand of the marketplace from…

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Fiat Money, Inflation & Deflation, The Fed & Central Banks

A Sound Euro, or Bailouts for Greece and Ireland?

Larry White/June 12, 2011December 19, 2015 /3 Comments

John Tamny in a column over at Forbes argues, rightly, that there’s no reason that debt problems within certain euro countries should lead to the extinction of what is merely a “unit”, or a concept meant to put a money price on goods and investments. A default…

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Economic History, Free Banking, Money & Politics

Free banking and classical liberalism: a potted history

Larry White/June 4, 2011December 19, 2015 /23 Comments

Free banking as a policy ideal is the result of applying the norms of classical liberalism to money and banking.  Classical liberalism upholds individual liberty and private property rights, including freedom of contract, under the rule of law.  It opposes rule by unconstrained authorities.  Skipping over ancient…

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Recent Posts

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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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