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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Alt-M Classics

Fritz Machlup, fractional reserve banking, credit creation, bank credit, Alt-M Classics
Economic History, Economic Thought, Recommended Reading

Alt-M classics: Fritz Machlup on the Proper Limits of Bank Credit Expansion

Fritz Machlup/August 31, 2018June 19, 2022

[Having drawn attention in my last post to Fritz Machlup's superb 1940 book, The Stock Market, Credit, and Capital Accumulation, it occurred to me that  excerpts from that work concerning the circumstances in which an increase in the supply of "fiduciary" bank credit will not promote an…

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Herbert Spencer, Private money, free banking, Alt-M Classics,
Economic History, Fiat Money, Free Banking

Alt-M classics: Herbert Spencer on Currency and Banking

Herbert Spencer/June 29, 2018June 19, 2022

[I'm pleased to introduce with this entry a new  Alt-M series, consisting of occasional classic essays or excerpts from longer works concerning alternative monetary arrangements. As a fitting introduction to the series I've chosen the passages on currency from chapter 29 of Herbert Spencer's earliest and most…

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Recent Posts

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  • How Common Has Private Currency Been?

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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