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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Ayr Bank

Scotland, Australia, 1890 crisis, Ayr Bank
Economic History, Economic Thought, Free Banking

Why free-banking?

Nicolas Cachanosky/July 1, 2015June 19, 2022

The need for and convenience of a central bank are usually taken for granted.  To say that a central bank is a good institution and, therefore, needed, is not enough.  Unfortunately, the assumption that central banks are necessary seems to weigh more heavily than the facts that…

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Ayr Banknote
Economic History, Free Banking

Lessons from the Ayr Bank Failure

Tyler Beck Goodspeed/May 11, 2015June 19, 2022

One consequence of the financial crisis of 2008-09 has been renewed interest in the merits of contingent convertible debt as a mechanism for equity bail-ins at moments of acute financial distress.  Should it fail, a financial institution's contingent bonds are automatically converted into equity shares.  History suggests…

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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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