(Although my contributions to this series have so far been more-or-less in their proper order, this one isn't: it occurred to me only relatively recently that it would be worthwhile to take stock of the overall progress of the recovery up to the outbreak of the Roosevelt…
In a thought-provoking article published by the IMF in April, Ruchir Agarwal and Miles Kimball argue for moving away from a “paper money standard” and toward an "electronic money standard." The promised benefits include shorter recessions and lower average inflation. These benefits are said to result from…
The distinguished contributors to Populism and the Future of the Fed examine populist demands to expand the Fed’s mandate and the threat to the demarcation between fiscal and monetary policy. All the essays, except those by Charles Plosser and me, stem from Cato’s 39th Annual Monetary Conference,…
(As many Alt-M readers will know, my interest in Bitcoin goes back to its earliest days, and even before that: like my grad school mentor and regular Alt-M contributor Lawrence White, I took part in the 1990's "cypherpunk" movement that prefigured Bitcoin's development. Not quite two years…