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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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antebellum banking

antebellum banking economic modeling, optimum quantity of money, Private money
Economic History, Free Banking

Private Money, Theoretically

George Selgin/March 7, 2016June 19, 2022 /7 Comments

Henry James, T.S. Elliot famously remarked, "Had a mind so fine that no idea could violate it."  Similarly, more than a few economics papers involve formal models so fine that no facts can violate them. Two recent examples purport to demonstrate the instability and inefficiency of "private…

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wildcat banking
Economic History, Free Banking

Real and Pseudo Free Banking

George Selgin/July 23, 2015June 19, 2022 /29 Comments

Like certain weeds and infectious diseases, some myths about banking seem beyond human powers of eradication. I was reminded of this recently by a Facebook correspondent’s reply to my recent post on “Hayek and Free Banking.” “We had free banking in the US from 1830 until 1862,” he…

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Recent Posts

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  • Monetary Progress
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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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