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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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aggregate demand

inflation, deflation, ioer, fed, floor system, deflation bias, wicksell, monetary policy, excess reserves, NGDP
Economic Thought, Inflation & Deflation, The Fed & Central Banks

The Two-Per-Cent Solution

George Selgin/September 19, 2017June 19, 2022

The Fed’s persistent failure to reach its 2 percent inflation target ever since that target was first made explicit in 2012 has elicited a great deal of commentary in the last couple months, from economists, journalists, and some Fed officials themselves. And well it ought to, for…

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aggregate demand, credit booms and busts, natural rate of interest, secular stagnation, ZIRP. interest rates
Booms & Busts, Economic Thought, The Fed & Central Banks

Why are Interest Rates so Low?

Larry White/July 6, 2016June 19, 2022

Since the financial crisis of 2007-09, and especially in recent months, Europe and the United States have seen zero and even slightly negative short-term nominal interest rates, and sub-zero risk-free real interest rates (see the figure below). In June I participated in a conference on “Zero Interest…

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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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