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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Monetary Policy Primer

demand for money, monetary aggregates, monetary policy, price level
Economic Thought, Monetary Policy Primer, The Fed & Central Banks

A Monetary Policy Primer, Part 2: The Demand for Money

George Selgin/April 28, 2016June 19, 2022 /12 Comments

Although there's no such thing as a straightforward measure of the quantity of money in an economy, monetary policy is nonetheless about managing that quantity.  How ought it to be managed?  The (misleadingly) simple-sounding answer is: so that it neither falls short of nor exceeds the quantity…

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monetary policy, interest rates, central banking, money supply
Monetary Policy Primer, The Fed & Central Banks

A Monetary Policy Primer, Part 1: Money

George Selgin/April 21, 2016June 19, 2022 /40 Comments

It occurs to me that, despite the unprecedented flood of writings of all sorts — books, blog-posts, newspaper op-eds, and academic journal articles — addressing just about every monetary policy development during and since the 2008 financial crisis, relatively few attempts have been made to step back…

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Recent Posts

  • The Menace of Fiscal Inflation
  • Monetary Progress
  • Paul Krugman and the "Ersatz" Theory of Private Currencies
  • The New Deal and Recovery, Part 18: The Recovery So Far
  • Should the Fed Devalue Our Currency to Implement Negative Interest Rates?
  • 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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  • Selgin on Paul Krugman and the "Ersatz" Theory of Private Currencies
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  • Max Hydrogen on The Menace of Fiscal Inflation

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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