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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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The Fed & Central Banks

Economic History, The Fed & Central Banks

Same and different

Kurt Schuler/August 24, 2012June 19, 2022

The Great Depression in Britain versus the current slump Great Depression (1929-31) Current (since 2008) Length of contraction 6 quarters (1930Q2-1931Q3) 6 quarters (2008Q2-2009Q3) Time to surpass previous peak output 4 years (1930Q1-1934Q1) 4 years plus (since 2008Q1) Monetary policy Gold standard (to September 1931 trough), then…

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Commodity Money, Economic Thought, The Fed & Central Banks

Ryan, Rand, and gold

Kurt Schuler/August 16, 2012June 19, 2022

David Glasner has fallen into Krugman’s Bog, a poorly mapped but vast region of the Internet where the choler is so thick one cannot slog through it. David’s post is called “Where Does Paul Ryan Go When He Thinks About Monetary Policy?” The answer, he thinks, is Ayn…

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Free Banking, Recommended Reading, The Fed & Central Banks

"Do We Really Need a Central Bank?"

Steve Horwitz/June 28, 2012June 19, 2022

I don't believe I've shared this lecture here, so I will remedy that.  This is a talk I gave in December of 2009 at George Mason University in which I explore the history of banking in the US, the theoretical arguments against central banking, and then the…

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Economic History, Money & Politics, Recommended Reading, The Fed & Central Banks

It ain’t so, Joe

Kurt Schuler/June 16, 2012June 19, 2022

Commenting on the appearance of the 100th issue of the Journal of Economic Perspectives, its founding editor, Joseph Stiglitz, remarks (page 22) that a diversity of perspectives is “especially important in a field known for having certain orthodoxies—orthodoxies that dominate for a while and then fade, making…

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Commodity Money, Economic History, The Fed & Central Banks

Which is it? Both–or neither

Kurt Schuler/June 11, 2012June 19, 2022

Scott Sumner writes, "I don’t object to people noting that Bretton Woods had some characteristics of the gold standard; I’ve made that argument myself. But I wish the gold bugs would get the story straight.  Half of them seem to think the US monetary system of the 1920s wasn’t really…

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Recent Posts

  • The New Deal and Recovery, Part 20: The Phantom Depression
  • The New Deal and Recovery, Part 19: War, and Peace
  • 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?

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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