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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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crypto

Banking Regulation, Booms & Busts, Commodity Money, News

Bank and Crypto Runs: F(ac)TX vs Fiction

George Selgin/November 21, 2022November 23, 2022

On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic Sciences, sharing it with Ben Bernanke "for research on banks and financial crises.” According to the prize committee, Diamond and Dybvig's research showed how the combination of borrowing short and lending long…

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Failure to launch
Digital Money, Economic Thought, News

Bitcoin: Problems and Prospects

George Selgin/April 12, 2022June 19, 2022

(As many Alt-M readers will know, my interest in Bitcoin goes back to its earliest days, and even before that: like my grad school mentor and regular Alt-M contributor Lawrence White, I took part in the 1990's "cypherpunk" movement that prefigured Bitcoin's development. Not quite two years…

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bridge
Economic Thought, Money & Politics, News

How to Think Straight about Bitcoin’s Social Costs and Benefits

Larry White/March 1, 2022June 19, 2022

Building a bridge is costly: It takes labor and machinery and raw materials that have alternative uses. Does it follow that building it is a waste? No. Waste occurs when the cost incurred exceeds the benefit attained. Cost greater than zero does not imply cost greater than…

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Bitcoin
Commodity Money, Digital Money, Fiat Money, Financial Markets, News

Has Bitcoin Succeeded?

Larry White/December 23, 2020June 19, 2022

The answer depends on what you mean. Succeeded at what? With the US dollar price of Bitcoin reaching an all-time high above $23,000 this month, and its market cap reaching an all-time high above $400 billion, there has been much celebration among Bitcoin holders about their success…

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Libra has another shot.
Banking Regulation, Digital Money, Financial Innovation, Money & Politics, News

Libra’s Star May Rise Again

Diego Zuluaga/April 16, 2020June 19, 2022

Just over 150 miles separate the Swiss cities of Basel and Geneva. For ten months, their distance has symbolized the gulf between the international regulators of the Financial Stability Board and the Libra Association, a corporate payments consortium led by Facebook. But this week marked a rapprochement,…

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Recent Posts

  • The New Deal and Recovery, Part 26: The RFC, Conclusion
  • The New Deal and Recovery, Part 25: The RFC, Continued
  • The New Deal and Recovery, Part 24: The RFC
  • The New Deal and Recovery, Part 23: The Great Rapprochement
  • The New Deal and Recovery, Part 22: Postwar Monetary Policy
  • Diamond and Dybvig and the Panic of 1907
  • Diamond, Dybvig, and Government Deposit Insurance

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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