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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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IOER, Federal Reserve, Corridor System, Floor System, Central Banking

Sir Paul Tucker on Floors and Corridors

George Selgin/January 20, 2020January 20, 2020 /Leave a comment
In some previous posts, I've taken Federal Reserve officials, including former New York Fed President William Dudley, to task for continuing to insist that the Fed's post-2008 "floor" operating system is a "simple" means for...
Continue reading

Friday Flashback: Fedophilia

George Selgin/January 17, 2020January 19, 2020 /10 Comments
repos, reverse repos, U.S. Treasury, Federal Reserve, SOFR,

The Fed's New Foreign Repo Pool Policy

George Selgin/January 10, 2020January 10, 2020 /5 Comments
floor system, Federal Reserve, IOER, standing repo facility, corridor system

Dudley's Defense of the Fed's Floor System, Take 2

George Selgin/January 8, 2020January 9, 2020 /Leave a comment
Fed, Bank of Canada, Federal Reserve, Repos

Fixing Repo: A Follow Up

George Selgin/December 20, 2019January 2, 2020 /9 Comments

Money & Politics

IOER, Federal Reserve, Corridor System, Floor System, Central Banking

Sir Paul Tucker on Floors and Corridors

George Selgin/January 20, 2020January 20, 2020 /Leave a comment
In some previous posts, I've taken Federal Reserve officials, including former New York Fed President William Dudley, to task for continuing to insist that the Fed's post-2008 "floor" operating system is a "simple" means for...
Continue reading

Friday Flashback: Fedophilia

George Selgin/January 17, 2020January 19, 2020 /10 Comments
repos, reverse repos, U.S. Treasury, Federal Reserve, SOFR,

The Fed's New Foreign Repo Pool Policy

George Selgin/January 10, 2020January 10, 2020 /5 Comments
floor system, Federal Reserve, IOER, standing repo facility, corridor system

Dudley's Defense of the Fed's Floor System, Take 2

George Selgin/January 8, 2020January 9, 2020 /Leave a comment
Fed, Bank of Canada, Federal Reserve, Repos

Fixing Repo: A Follow Up

George Selgin/December 20, 2019January 2, 2020 /9 Comments

The Fed & Central Banks

IOER, Federal Reserve, Corridor System, Floor System, Central Banking

Sir Paul Tucker on Floors and Corridors

George Selgin/January 20, 2020January 20, 2020 /Leave a comment
In some previous posts, I've taken Federal Reserve officials, including former New York Fed President William Dudley, to task for continuing to insist that the Fed's post-2008 "floor" operating system is a "simple" means for...
Continue reading

Friday Flashback: Fedophilia

George Selgin/January 17, 2020January 19, 2020 /10 Comments
repos, reverse repos, U.S. Treasury, Federal Reserve, SOFR,

The Fed's New Foreign Repo Pool Policy

George Selgin/January 10, 2020January 10, 2020 /5 Comments
floor system, Federal Reserve, IOER, standing repo facility, corridor system

Dudley's Defense of the Fed's Floor System, Take 2

George Selgin/January 8, 2020January 9, 2020 /Leave a comment
Fed, Bank of Canada, Federal Reserve, Repos

Fixing Repo: A Follow Up

George Selgin/December 20, 2019January 2, 2020 /9 Comments

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, 2017February 28, 2019 /28 Comments
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, 2017February 28, 2019 /16 Comments
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, 2017February 28, 2019 /10 Comments
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, 2017February 28, 2019 /30 Comments
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, 2017February 28, 2019 /51 Comments

Financial Markets

Fannie Mae, Freddie Mac, conservatorship, homeownership, Joe Nocera, housing, Government Bailouts,

Fannie and Freddie Need Fixing—Urgently: A Response to Joe Nocera

Diego Zuluaga/December 10, 2019December 16, 2019 /2 Comments
Yesterday, Joe Nocera penned an extraordinary column expressing his bafflement at the Trump administration’s drive to release Fannie Mae and Freddie Mac, two firms that purchase and guarantee around half of single-family mortgages in the...
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banking regulation, financial regulation, competition in banking, banking concentration, Thomas Philippon

Why There Has Been No Great Reversal in U.S. Banking

Diego Zuluaga/December 10, 2019January 2, 2020 /1 Comment
consumer credit, consumer loans, financial inclusion, payday lending, student loans

Financial Inclusion without Finance? The Misguided Quest to Limit Choice in Consumer Credit

Diego Zuluaga/October 24, 2019January 2, 2020 /3 Comments
Monetary Policy, MMT, Financial Inclusion, Cato Journal, Fed

New Cato Journal Features an Array of Articles on Urgent Monetary Matters

Amanda Griffiths/October 2, 2019January 2, 2020 /2 Comments
CFPB, consumer loans, financial regulation, mortgage finance mortgage, Fannie Mae

More Than Patching Up: What the CFPB Should Do with Mortgage Underwriting Standards

Diego Zuluaga/September 27, 2019January 2, 2020 /Leave a comment

Fiat Money

Friday Flashback: Fedophilia

George Selgin/January 17, 2020January 19, 2020 /10 Comments
As we start off the New Year, we thought it might not be a bad idea to remind our readers of the need to resist status-quo bias in assessing both the Fed's performance and the...
Continue reading
floor system, Federal Reserve, IOER, standing repo facility, corridor system

Dudley's Defense of the Fed's Floor System, Take 2

George Selgin/January 8, 2020January 9, 2020 /Leave a comment

The Resource Costs of Fiat Money Are Now Higher Than Those of a Gold Standard

Larry White/December 17, 2019January 2, 2020 /8 Comments
cryptocurrencies, libra, currency alternatives, currency choice, currency competition

Bruno Le Maire’s Coup de Brumaire

Diego Zuluaga/October 17, 2019January 2, 2020 /1 Comment
currency competition, dollarization, hyperinflation, libra, zimbabwe

The Zimbabwe Dollar, Monetary Sovereignty, and Opposition to Libra

Larry White/October 17, 2019January 2, 2020 /2 Comments

Digital Money

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, 2019January 2, 2020 /1 Comment
  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...
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cryptocurrencies, libra, currency alternatives, currency choice, currency competition

Bruno Le Maire’s Coup de Brumaire

Diego Zuluaga/October 17, 2019January 2, 2020 /1 Comment
Libra, digital money, national security, AML/KYC, payments

Of Libras and Zebras, Part Three

Diego Zuluaga/July 17, 2019July 17, 2019 /Leave a comment
cryptocurrency, digital money, monopoly, Libra, financial regulation

Of Libras and Zebras, Part Two

Diego Zuluaga/July 16, 2019July 15, 2019 /Leave a comment
cryptocurrency, Libra, systemic risk, financial regulation, macroprudential regulation

Of Libras and Zebras, Part One

Diego Zuluaga/July 11, 2019July 11, 2019 /1 Comment

Commodity Money

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, 2019January 2, 2020 /1 Comment
  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...
Continue reading

The Resource Costs of Fiat Money Are Now Higher Than Those of a Gold Standard

Larry White/December 17, 2019January 2, 2020 /8 Comments
gold standard, commodity prices, inflation, volatility, Stephen Moore, Herman Cain, Jerome Powell, Judy Shelton

On Targeting the Price of Gold

George Selgin/August 29, 2019January 2, 2020 /5 Comments
Federal Reserve, gold standard, free market, Libra

Is There Such a Thing as a Free-Market Gold Standard?

George Selgin/July 9, 2019January 2, 2020 /24 Comments
Alan Greenspan, Judy Shelton, Federal Reserve, Gold Standard

Fear of a Gold Planet

Larry White/June 4, 2019January 2, 2020 /16 Comments

Free Banking

Friday Flashback: Fedophilia

George Selgin/January 17, 2020January 19, 2020 /10 Comments
As we start off the New Year, we thought it might not be a bad idea to remind our readers of the need to resist status-quo bias in assessing both the Fed's performance and the...
Continue reading
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, 2019January 2, 2020 /1 Comment
mmt, banking regulation, bank run, bank failure, regulation, free banking

Warren Mosler and the Great American Banking Myth

George Selgin/December 3, 2019January 2, 2020 /38 Comments
Alexander Hamilton, antebellum banking, First Bank of the United States, mercantilism, ten dollar bill

Friday Flashback: Alexander Hamilton, Banking Mercantilist

Larry White/February 22, 2019January 2, 2020 /3 Comments
free banking, Canadian free banking, fractional reserve banking, Austrian economics, economic history

Bob Murphy on Free Banking in Canada

George Selgin/February 12, 2019January 2, 2020 /52 Comments

Currency Boards

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, 2019January 2, 2020 /1 Comment
  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...
Continue reading
currency competition, dollarization, hyperinflation, libra, zimbabwe

The Zimbabwe Dollar, Monetary Sovereignty, and Opposition to Libra

Larry White/October 17, 2019January 2, 2020 /2 Comments
dollarization, Ecuador, mercantilism, trade

A Strong Currency is No Good Reason to Keep Tariffs High

Larry White/July 5, 2019July 5, 2019 /2 Comments
Libra, mutual fund, cryptocurrencies, currency board

Libra's Unresolved Puzzles

Larry White/July 2, 2019October 22, 2019 /1 Comment
Bitcoin, Blockchain, cryptocurrencies, currency board, Tether

Dollar-Denominated Cryptocurrencies: Flops and Tethered Success

Larry White/April 6, 2017April 5, 2017 /20 Comments

Inflation & Deflation

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, 2019January 2, 2020 /1 Comment
  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...
Continue reading

The Resource Costs of Fiat Money Are Now Higher Than Those of a Gold Standard

Larry White/December 17, 2019January 2, 2020 /8 Comments
Nominal GDP, Inflation Target, Monetary Policy, Fed, Dual Mandate

Lars Svensson on NGDP Targeting

George Selgin/October 15, 2019January 11, 2020 /23 Comments
real bills doctrine, the fed, gold, timberlake, humphries, cato, milton friedman

Inside America's Worst Financial Crisis: Gold, the Real Bills Doctrine, and the Fed

Amanda Griffiths/September 10, 2019January 2, 2020 /2 Comments
yield curve, federal reserve, fed, inversion

How to Flip a Yield Curve

George Selgin/August 19, 2019January 2, 2020 /10 Comments

Economic Thought

banking regulation, financial regulation, competition in banking, banking concentration, Thomas Philippon

Why There Has Been No Great Reversal in U.S. Banking

Diego Zuluaga/December 10, 2019January 2, 2020 /1 Comment
Thomas Philippon’s The Great Reversal is an important book in which he warns of the decline of competition in many U.S. product markets. Not having studied antitrust issues for some time, I will leave criticism...
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mmt, banking regulation, bank run, bank failure, regulation, free banking

Warren Mosler and the Great American Banking Myth

George Selgin/December 3, 2019January 2, 2020 /38 Comments
Nominal GDP, Inflation Target, Monetary Policy, Fed, Dual Mandate

Lars Svensson on NGDP Targeting

George Selgin/October 15, 2019January 11, 2020 /23 Comments

Bagehot: The Life and Times of the Greatest Victorian

Amanda Griffiths/September 13, 2019January 2, 2020 /Leave a comment
Federal Reserve, gold standard, free market, Libra

Is There Such a Thing as a Free-Market Gold Standard?

George Selgin/July 9, 2019January 2, 2020 /24 Comments

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Contributors

  • George Selgin
  • Larry White
  • Hu McCulloch
  • James Dorn
  • Diego Zuluaga

Categories

  • Banking Regulation (65)
  • Booms & Busts (24)
  • Commodity Money (65)
  • Currency Boards (15)
  • Digital Money (83)
  • Economic History (145)
  • Economic Thought (145)
  • Events (47)
  • Fiat Money (63)
  • Financial Innovation (33)
  • Financial Markets (113)
  • Free Banking (202)
  • Inflation & Deflation (65)
  • Monetary Policy Primer (12)
  • Money & Politics (229)
  • News (143)
  • Recommended Reading (95)
  • The Fed & Central Banks (316)
  • Uncategorized (11)

Recent Posts

  • Sir Paul Tucker on Floors and Corridors
  • Friday Flashback: Fedophilia
  • The Fed's New Foreign Repo Pool Policy
  • Dudley's Defense of the Fed's Floor System, Take 2
  • Fixing Repo: A Follow Up
  • Inside Cato's 37th Annual Monetary Conference: A Shadow Review of Fed Policy
  • The Resource Costs of Fiat Money Are Now Higher Than Those of a Gold Standard

Recent Comments

  • Richard Timberlake on Friday Flashback: Fedophilia
  • Richard Timberlake on Friday Flashback: Fedophilia
  • Andrei Mircea on A Conversation on Bitcoin
  • Rene Borroto on Friday Flashback: Fedophilia
  • George Selgin on Friday Flashback: Fedophilia

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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