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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Currency Boards

Currency Boards, Recommended Reading

Why don't we have that for free banking?

Kurt Schuler/April 12, 2014December 19, 2015 /1 Comment

In the 1990s I wrote extensively on currency boards with Steve H. Hanke of Johns Hopkins University. The subject had a vogue among economists for several years, but faded after the crash of Argentina's "convertibility" system in late 2001 and early 2002 (which I analyzed here).  Steve…

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Currency Boards

It was 20 years ago today…

Kurt Schuler/April 2, 2014December 19, 2015 /Leave a comment

…not that Sgt. Pepper taught the band to play, but that Lithuania adopted a quasi currency board. Actually, it was 20 years ago yesterday, when I meant to put up this post. The Lithuanians first heard about the currency board idea from George Selgin, Larry White, and…

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Commodity Money, Currency Boards

Have we got your back?

Kurt Schuler/March 25, 2014December 19, 2015 /17 Comments

Here is my long promised, though not likely long anticipated, post on the "backing" theory of money. The modern controversy over "backing" originates from this article by Neil Wallace and Thomas Sargent. In the article they offer " a simple model that is compatible with the principle of finance…

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Currency Boards, Economic History

Hong Kong's durable currency board

Kurt Schuler/October 28, 2013December 19, 2015 /2 Comments

Earlier this month Hong Kong passed a milestone: 30 years since it re-established a currency board system. The 99 years since the start of World War I have been quite turbulent in terms of monetary policy. Not many places have stuck with the same exchange rate, or,…

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Currency Boards, Economic History, The Fed & Central Banks

The necessity of distinctions

Kurt Schuler/August 29, 2013December 19, 2015 /38 Comments

Paul Marks, a frequent poster of comments, claims that the concept of a gold standard is misleading because "either gold is the money or it is not." Sorry, the epigones of Murray Rothbard need to learn a lot more monetary history here. There are many kinds of…

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Contributors

  • George Selgin
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  • Hu McCulloch
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Categories

  • Banking Regulation (102)
  • Booms & Busts (46)
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  • The Fed & Central Banks (353)
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  • Working Papers (2)

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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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