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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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highway bill, capital account surplus, federal budget, government debt financing, omnibus, budget gimmicks
Money & Politics, News, The Fed & Central Banks

No Honor Among Thieves: Congress’s Inane Scheme to Rob the Fed

Jeffrey Rogers Hummel/December 22, 2015June 19, 2022

On December 3, Congress passed a new highway and transit bill allocating $305 billion over the next five years.  Part of the funding, allegedly $35.8 billion, will be taken from the Federal Reserve’s capital account.  Further details on the maneuvering between the Senate and House versions, and…

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Venezuela, DolarToday, bolivar, Squire Patton Boggs, currency manipulation
Fiat Money, Inflation & Deflation, News

Venezuela v. Reality

George Selgin/December 16, 2015June 19, 2022

Embed from Getty Images   Over a month ago — when Venezuelans were still living under the heel of Nicolás Maduro's United Socialist party — Ilya Shapiro and I had a very interesting meeting with the folks behind DolarToday.  As the Wikipedia article concerning it explains, DolarToday  “is…

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interest on reserves, interest rate rise, monetary policy, reverse repos
Money & Politics, News, The Fed & Central Banks

The Fed Acts

Gerald P O'Driscoll/December 14, 2015June 19, 2022

The Federal Reserve is set to act this week to raise short-term interest rates.  There are a number of technical and policy questions raised by this long-anticipated decision.  The Fed conventionally raises short-term interest rates by selling short-term Treasury obligations.  It no longer owns any short-term Treasuries…

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devaluation, Dollarization, Ecuador
Inflation & Deflation, Money & Politics, News

Dollarization is Hurting Ecuador? Don’t Believe It

Larry White/December 2, 2015June 19, 2022

In the late 1990s, as the Banco Central de Ecuador rapidly expanded the quantity of its currency the sucre, prices denominated in sucres soared into hyperinflation.  Ecuadorians in response spontaneously adopted the US dollar as a far safer savings vehicle, a far less chaotic pricing unit, and…

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puerto rico, federal reserve, bailout, debt
Money & Politics, News, The Fed & Central Banks

Can Open Market Operations Save Puerto Rico?

Mark Calabria/November 18, 2015June 19, 2022

With Puerto Rico’s continuing fiscal strains, some commentators have suggested that one avenue to give Puerto Rico breathing room would be the purchase of Puerto Rican municipal debt as part of Open Market Operations by the Federal Reserve.  The most prominent proponent of this plan is Renssalaer…

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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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