Irving fisher, monetary disequilibrium, stable money, sound money, monetary reform

Irving Fisher’s classic treatise, The Purchasing Power of Money: Its Determination and Relation to Credit, Interest and Crises (1911), still offers valuable insights regarding monetary reform. This post examines some of Fisher’s insights and draws some lessons for Fed policy. The Importance of Stable Money Fisher recognized…

AMU, Alternative Money University, monetary economics, students, Cato Institute

After a successful inaugural offering in 2018, the Center for Monetary and Financial Alternatives at the Cato Institute is pleased to announce that Alternative Money University – our 3-day academic workshop for students interested in monetary economics – is coming back in July 2019. As followers of…

free banking, 100% reserve, public banks, economic history, friday flashback

(Originally appeared as George Selgin's first-ever post in Alt-M's predecessor blog freebanking.org.) *** Free bankers have been fighting a war on two fronts.  On one they face champions of central banking and managed money.  On the other they struggle against advocates of 100-percent reserve banking.  Although the…