Not long ago, the CMFA staff and I were preparing to officially launch The Menace of Fiscal QE, my book aimed at countering efforts to have the Fed undertake or otherwise fund off-budget government spending programs. Then came the crisis. Of course our plans were dashed. But…
In the latest installment in his series, "Understanding Money Mechanics," Bob Murphy takes on Market Monetarism, and Scott Sumner's case for having central banks practice NGDP level targeting in particular. A commentator there writes, "I hope George S. pipes up to defend MM! Seeing the other side…
Today, Alt-M features a guest blog post from Brian Nolan, a bank treasury professional and co-founder of Finteum in London, UK, which is creating an interbank market for intraday borrowing and lending. *** In a speech on February 6 at the Money Marketeers Club of New York…
Watching the frenzy surrounding Judy Shelton's confirmation hearing before the Senate Banking Committee on February 13, one is led to believe that the gold standard is a "nutty" idea, for which no serious economist or monetary policymaker could possibly have a kind word. This post critiques that…
One of the challenging things about my job here at Cato is that it calls for me, not only to make the case for monetary alternatives, but to comment on current Fed policies. Why is that such a challenge? Because, so far as many of my fellow…