Alt-M - Page 2 of 160 - Ideas for an Alternative Monetary Future

Vice Chair Clarida holds the Cato Journal

Banking Regulation, Commodity Money, Currency Boards, Events, Fiat Money, Money & Politics, News, The Fed & Central Banks

Fed Policy: A Shadow Review—New Issue of the Cato Journal

Amanda Griffiths/June 20, 2020June 19, 2020 /Leave a comment

Cato's Annual Monetary Conference last November hosted a "shadow review" of the Federal Reserve's own self-review, dedicated to examining "whether the U.S. monetary policy framework can be improved to meet future challenges." The articles in the spring/summer 2020 issue of the Cato Journal, drawn from that conference,…

Should the U.S. government create a digital dollar?

Banking Regulation, Commodity Money, Digital Money, Fiat Money, Financial Innovation, Money & Politics, News, The Fed & Central Banks

Should the U.S. Government Create a Token-Based Digital Dollar?

Larry White/June 19, 2020June 19, 2020 /1 Comment

Proposals for "central bank digital currency" (CBDC) come in two basic types: account-based and token-based. I have been critical of proposals for an account-based system. Until recently, there didn't seem to be much active interest in a token-based system. But now comes a significant token-based proposal in…

Banking Regulation, Events, Financial Markets, Money & Politics, News

Paycheck Protection Program: Who Lent to Whom, and Where?

Diego Zuluaga/June 18, 2020June 18, 2020 /1 Comment

It's been 11 weeks since Congress passed the CARES Act, which, among its many other provisions, established the Paycheck Protection Program (PPP). Nearly three-quarters of U.S. small businesses have so far availed themselves of this program. But it turns out that fewer small businesses got a PPP…

Banking Regulation, Booms & Busts, Economic History, Economic Thought, Money & Politics, News

The New Deal and Recovery, Part 1: The Record

George Selgin/June 16, 2020July 6, 2020 /7 Comments

"Under the New Deal, the US economy grew at rapid rates, even for an economy in recovery." (Eric Rauchway, The Money Makers, p. 100.) Before I start telling you what "the New Deal" did and didn't do, I had better make clear what I mean by the…

Banking Regulation, Booms & Busts, Economic History, Economic Thought, Money & Politics, News

The New Deal and Recovery: A New Alt-M Series

George Selgin/June 12, 2020July 6, 2020 /8 Comments

(The response to a recent Twitter string of mine, concerning a column on the New Deal by Noah Smith, mentioned below, suggests that many people would like to learn more about critical assessments of the New Deal by economists and economic historians. With their interest in mind,…