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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Bank of Canada

Fed, Bank of Canada, Federal Reserve, Repos
Banking Regulation, Money & Politics, News, The Fed & Central Banks

Fixing Repo: A Follow Up

George Selgin/December 20, 2019June 19, 2022

In a post published here in mid-November, I traced the Fed's repo-market troubles to post-2008 changes in the importance and volatility of two of the Fed's non-reserve liabilities: TGA balances and the foreign repo pool. Then, in a companion piece, I made some suggestions for reining-in those…

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Federal Reserve, gold standard, free market, Libra
Commodity Money, Economic History, Economic Thought

Is There Such a Thing as a Free-Market Gold Standard?

George Selgin/July 9, 2019June 19, 2022

Twice recently I've come across arguments to the effect that, despite what some libertarians, goldbugs, cryptocurrency fans, and Fed Board candidates imagine, the idea that the historical gold standard kept governments from managing money, leaving the job to market forces, is a myth. In his June 24th…

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Canadian banking system, free banking, scottish free banking, bank of canada
Banking Regulation, Free Banking, The Fed & Central Banks

Entry into Canadian Banking, 1870-1935

George Selgin/May 8, 2018June 19, 2022

As all dedicated Alt-M readers know, I am a big fan of the Canadian banking and monetary system that flourished between Canada's Confederation in 1867 and the outbreak of the First World War.  Besides thinking it was a darn good system, I also regard it as the…

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Canadian banking system, Canadian Banker's Association, clearinghouses, private currency, fung
Banking Regulation, Economic History, Money & Politics

Wrong Lessons from Canada's Private Currency, Part 2

George Selgin/March 22, 2017June 19, 2022

(Editor's note: This is the second installment of a three-part article.) Intervention or Private Initiative? As I argued in my previous post addressing Fung et al.'s article on Canada's private banknote currency, the imperfections of that currency appear, on close inspection, far less substantial than Fung et…

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Contributors

  • James Dorn
  • George Selgin
  • Hu McCulloch
  • Norbert Michel
  • Jennifer Schulp
  • Larry White

Categories

  • Banking Regulation (124)
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  • Currency Boards (19)
  • Digital Money (99)
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  • Economic Thought (166)
  • Events (60)
  • Fiat Money (81)
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  • Monetary Policy Primer (12)
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  • News (258)
  • Recommended Reading (99)
  • Securities Regulation (7)
  • The Fed & Central Banks (381)
  • Uncategorized (11)
  • Working Papers (7)

Recent Posts

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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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