Founded by Cato’s vice president for monetary studies James A. Dorn in 1983, the Cato Institute’s Annual Monetary Conference has kept the monetary policy conversation alive in Washington, DC, for nearly four decades — even at times when a calcified consensus made the topic seem unimportant. The…
The end of this month (31 October 2018) will mark the 10th anniversary of the online posting of the now-famous white paper by “Satoshi Nakamoto” outlining the concept of “Bitcoin: A Peer-to-Peer Electronic Cash System.” This is an opportune occasion to compare what Bitcoin has achieved with…
There is a fundamental shift taking place in the financial services industry as technology is enabling startups and incumbents alike to lower the cost of banking and investing, provide more widespread access to financial services, and increase the efficiency of our capital markets. However, with this innovation…
The Center for Monetary and Financial Alternatives at the Cato Institute is pleased to announce the inaugural offering of Alternative Money University — a 3-day academic workshop for students interested in monetary economics. A decade since the disruptive 2008 financial crisis, it is more important than ever for…
If you haven't seen much of me on these pages lately, that's because I've spent most of the last few weeks feeding and grooming my favorite hobby horse: that's right, the Fed's policy of encouraging banks to hoard reserves by paying above-market rates on their Fed reserve…