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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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The New Deal and Recovery, Part 22: Postwar Monetary Policy

George Selgin/December 19, 2022December 31, 2022
After an interruption due mostly to my move to Spain, I'm pleased to be back in the saddle again, wrapping up my series on the New Deal. I ended a previous installment of this series...
Continue reading

Diamond and Dybvig and the Panic of 1907

George Selgin/December 6, 2022December 6, 2022

Diamond, Dybvig, and Government Deposit Insurance

Hu McCulloch and Min-Teh Yu/November 25, 2022December 7, 2022

Bank and Crypto Runs: F(ac)TX vs Fiction

George Selgin/November 21, 2022November 23, 2022

The New Deal and Recovery, Part 21: Happy Days

George Selgin/August 31, 2022December 30, 2022

Money & Politics

The New Deal and Recovery, Part 22: Postwar Monetary Policy

George Selgin/December 19, 2022December 31, 2022
After an interruption due mostly to my move to Spain, I'm pleased to be back in the saddle again, wrapping up my series on the New Deal. I ended a previous installment of this series...
Continue reading

Diamond and Dybvig and the Panic of 1907

George Selgin/December 6, 2022December 6, 2022

The New Deal and Recovery, Part 21: Happy Days

George Selgin/August 31, 2022December 30, 2022

Stop Lionizing Paul Volcker and Villainizing Arthur Burns

Alan Reynolds/August 30, 2022

How Common Has Private Currency Been?

Larry White/August 16, 2022August 14, 2022

The Fed & Central Banks

The New Deal and Recovery, Part 22: Postwar Monetary Policy

George Selgin/December 19, 2022December 31, 2022
After an interruption due mostly to my move to Spain, I'm pleased to be back in the saddle again, wrapping up my series on the New Deal. I ended a previous installment of this series...
Continue reading

Diamond, Dybvig, and Government Deposit Insurance

Hu McCulloch and Min-Teh Yu/November 25, 2022December 7, 2022

Stop Lionizing Paul Volcker and Villainizing Arthur Burns

Alan Reynolds/August 30, 2022

The Menace of Fiscal Inflation

James Dorn/June 16, 2022June 19, 2022

Monetary Progress

George Selgin/June 10, 2022June 19, 2022

Monetary Policy Primer

commodity money, monetary policy primer, federal reserve, fiat money, alternative monetary policy, monetary alternatives

A Monetary Policy Primer, Part 12: Monetary Alternatives

George Selgin/October 31, 2017June 19, 2022
This primer is supposed to introduce readers to the workings of the present U.S. monetary system. So it's only natural that it should take established...
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lender of last resort, bank runs, panics, monetary primer

A Monetary Policy Primer, Part 11: Last-Resort Lending

George Selgin/August 8, 2017June 19, 2022
monetary rules, discretionary monetary policy, time-inconsistency problem, stable spending, NGDP targeting

A Monetary Policy Primer, Part 10: Discretion, or a Rule?

George Selgin/May 11, 2017June 19, 2022
Inflation Expectations, interest on reserves, interest rate targeting, natural rate of interest, QE

A Monetary Policy Primer, Part 9: Monetary Control, Now

George Selgin/January 10, 2017June 19, 2022
asset bubbles, Great Recession, inflation targeting, monetary policy, NGDP targeting

A Monetary Policy Primer, Part 8: Money in the Latest Great Muddle

George Selgin/January 4, 2017June 19, 2022

Financial Markets

Working Paper

Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007)

The CMFA Working Paper Series/April 14, 2022June 19, 2022
 
Baseball Fans

Wide World of ESG: Understanding Investor Demand

Jennifer Schulp/July 28, 2021June 19, 2022
Inflation

A Primer on Inflation

James Dorn/July 22, 2021June 19, 2022
Bitcoin

Has Bitcoin Succeeded?

Larry White/December 23, 2020June 19, 2022
Mnuchin v. Waters

Ending the Fed’s Emergency Lending Facilities: Mnuchin v. Waters

James Dorn/December 10, 2020June 19, 2022

Fiat Money

How Common Has Private Currency Been?

Larry White/August 16, 2022August 14, 2022
Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the norm, even if the state stamped their ruler's face on the...
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Close

Missed it by That Much: Where the Fed's Digital Currency Proposal Goes Wrong

George Selgin/January 22, 2022June 19, 2022

Inflation: A Brief Look Back, and A Path Forward

Norbert Michel/November 19, 2021June 19, 2022
Hyperinflation

A Three-Pronged Blunder, or, what Money is, and what it isn't

George Selgin/October 27, 2021June 19, 2022

China’s Digital Yuan: A Threat to Freedom

James Dorn/August 25, 2021June 19, 2022

Digital Money

How Common Has Private Currency Been?

Larry White/August 16, 2022August 14, 2022
Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the norm, even if the state stamped their ruler's face on the...
Continue reading
cracking dollar

Should the Fed Devalue Our Currency to Implement Negative Interest Rates?

Larry White/May 11, 2022June 19, 2022
Failure to launch

Bitcoin: Problems and Prospects

George Selgin/April 12, 2022June 19, 2022

Making Money Myths

George Selgin/February 9, 2022June 19, 2022
Close

Missed it by That Much: Where the Fed's Digital Currency Proposal Goes Wrong

George Selgin/January 22, 2022June 19, 2022

Commodity Money

Bank and Crypto Runs: F(ac)TX vs Fiction

George Selgin/November 21, 2022November 23, 2022
On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic Sciences, sharing it with Ben Bernanke "for research on banks and financial crises.” According to the prize committee, Diamond and...
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How Common Has Private Currency Been?

Larry White/August 16, 2022August 14, 2022
Hyperinflation

A Three-Pronged Blunder, or, what Money is, and what it isn't

George Selgin/October 27, 2021June 19, 2022
Bretton Woods

The End of Bretton Woods, Jacques Rueff, and the “Monetary Sin of the West”

Larry White/August 10, 2021June 19, 2022

How U.S. Government Paper Currency Began, and How Private Banknotes Ended

Larry White/May 20, 2021June 19, 2022

Free Banking

How Common Has Private Currency Been?

Larry White/August 16, 2022August 14, 2022
Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the norm, even if the state stamped their ruler's face on the...
Continue reading

Paul Krugman and the "Ersatz" Theory of Private Currencies

George Selgin/June 9, 2022June 19, 2022

Making Money Myths

George Selgin/February 9, 2022June 19, 2022
Bank note

An Unnecessary Evil: How Canada ended up Insuring Bank Deposits

George Selgin/November 15, 2021June 19, 2022
Wildcat Bank

The Fable of the Cats

George Selgin/July 6, 2021June 19, 2022

Currency Boards

The steps forward

Dollarization for Lebanon

Larry White/July 30, 2020June 19, 2022
“The Lights Go Out in Lebanon as Financial Collapse Accelerates,” declared a recent headline in The Washington Post. The headline refers specifically to worsening power outages but more generally to Lebanon’s ongoing “economic implosion.” This...
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Vice Chair Clarida holds the Cato Journal

Fed Policy: A Shadow Review—New Issue of the Cato Journal

Amanda Griffiths/June 20, 2020June 19, 2022
Main street open for business.

When the Fed Tried to Save Main Street

George Selgin/March 30, 2020June 19, 2022
currency board fiscal policy helicopter money Hong Kong monetary policy

Handouts, Helicopters, Hong Kong Dollars, and Hogwash

George Selgin/February 26, 2020June 19, 2022
fed independence, alternative currencies, fed, federal reserve, cato monetary conference

Inside Cato's 37th Annual Monetary Conference: A Shadow Review of Fed Policy

Amanda Griffiths/December 19, 2019June 19, 2022

Inflation & Deflation

The New Deal and Recovery, Part 22: Postwar Monetary Policy

George Selgin/December 19, 2022December 31, 2022
After an interruption due mostly to my move to Spain, I'm pleased to be back in the saddle again, wrapping up my series on the New Deal. I ended a previous installment of this series...
Continue reading

The New Deal and Recovery, Part 21: Happy Days

George Selgin/August 31, 2022December 30, 2022

Stop Lionizing Paul Volcker and Villainizing Arthur Burns

Alan Reynolds/August 30, 2022

The Menace of Fiscal Inflation

James Dorn/June 16, 2022June 19, 2022

The New Deal and Recovery, Part 17: The Keynesian Myth, Concluded

George Selgin/March 22, 2022December 20, 2022

Economic Thought

Diamond, Dybvig, and Government Deposit Insurance

Hu McCulloch and Min-Teh Yu/November 25, 2022December 7, 2022
The 2022 Nobel Prize in Economics is to be shared by Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig, “for research on banks and financial crises.” Diamond and Dybvig are best known for...
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The New Deal and Recovery, Part 20: The Phantom Depression

George Selgin/August 9, 2022December 20, 2022
Failure to launch

Bitcoin: Problems and Prospects

George Selgin/April 12, 2022June 19, 2022
stack of books

Warburton on Theories of Monetary Control and the Fed

James Dorn/March 24, 2022June 19, 2022
bridge

How to Think Straight about Bitcoin’s Social Costs and Benefits

Larry White/March 1, 2022June 19, 2022

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Contributors

  • Larry White
  • Jennifer Schulp
  • Alan Reynolds
  • Norbert Michel
  • George Selgin
  • Hu McCulloch

Categories

  • Banking Regulation (124)
  • Booms & Busts (57)
  • Commodity Money (80)
  • Currency Boards (19)
  • Digital Money (99)
  • Economic History (206)
  • Economic Thought (166)
  • Events (60)
  • Fiat Money (81)
  • Financial Innovation (50)
  • Financial Markets (138)
  • Free Banking (211)
  • Inflation & Deflation (86)
  • Legal Analysis (3)
  • Monetary Policy Primer (12)
  • Money & Politics (334)
  • News (258)
  • Recommended Reading (99)
  • Securities Regulation (7)
  • The Fed & Central Banks (381)
  • Uncategorized (11)
  • Working Papers (7)

Recent Posts

  • The New Deal and Recovery, Part 22: Postwar Monetary Policy
  • Diamond and Dybvig and the Panic of 1907
  • Diamond, Dybvig, and Government Deposit Insurance
  • Bank and Crypto Runs: F(ac)TX vs Fiction
  • The New Deal and Recovery, Part 21: Happy Days
  • Stop Lionizing Paul Volcker and Villainizing Arthur Burns
  • How Common Has Private Currency Been?

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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