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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Economic History

Economic History, Free Banking

Hayek in 20th century macroeconomics

Kurt Schuler/December 6, 2011June 19, 2022 /15 Comments

At Marginal Revolution, Alex Tabarrok notes David Warsh’s claim, seconded by Paul Krugman, that “Friedrich Hayek is not an important figure in the history of macroeconomics.” Apparently Warsh and Krugman have no memory of the 20th century. The big issue of the century in economic theory and…

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Economic History, The Fed & Central Banks

Up for grabs again

Kurt Schuler/October 28, 2011June 19, 2022 /2 Comments

Central banking has undergone drastic changes during the last 100 years that are often unappreciated today. Before World War I, most central banks were partly or entirely privately owned. They were not expected to spur economic growth or smooth business cycles. Rather, they defined their goals more…

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Economic History, Free Banking

Free Banking and Economic Development, Part 2

George Selgin/August 9, 2011June 19, 2022 /105 Comments

(Both parts of this article originally appeared, under the title "Fractional Reserves and Economic Development," on the short-lived Free Market News Network.)   __________________________ When Adam Smith first drew attention to the benefits of fractional-reserve banking, those benefits were but a glimmer of far more impressive gains…

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Economic History, Free Banking

Free Banking and Economic Development, Part 1

George Selgin/August 2, 2011June 19, 2022 /18 Comments

(A few years ago I was hired to contribute some articles on free banking and related subjects to an online forum called the Free Market News Network. I wrote several before the checks stopped coming, and then insisted that those already published be taken off the site,…

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Commodity Money, Economic History, Free Banking, Money & Politics

More on free banking and the historical gold standard

Kurt Schuler/July 31, 2011June 19, 2022 /1 Comment

Jon Catalan and David Glasner made comments about my post on free banking and the historical gold standard that are worth responding to, so here are some further thoughts on the subject. Jon asked what influence Britain had on the world gold standard before World War I….

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Recent Posts

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  • Monetary Progress
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  • Populism and the Future of the Fed: A New Book from Cato’s Center for Monetary and Financial Alternatives
  • Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007)

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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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