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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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David Andolfatto

Money & Politics, The Fed & Central Banks

Friday Flashback:Why there is no Fiscal Case for the Fed's Large Balance Sheet

Larry White/February 11, 2022June 19, 2022 /1 Comment

(As the Fed is once again planning to unwind its balance sheet, the size of which doubled as a result of its COVID-19-crisis Quantitative Easing, we think it worthwhile to draw your attention to a 2017 exchange, on the fiscal implications of such an unwind, between two…

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Federal Reserve, repo facility, term auction facility
Banking Regulation, News, The Fed & Central Banks

The Fed's New Repo Plan

George Selgin/May 2, 2019June 19, 2022 /9 Comments

I'm not the gambling sort. However, were I so I'd bet dollars to donuts that the Standing Repo Facility (henceforth "SRF") plan proposed by David Andolfatto and Jane Ihrig in a pair of St. Louis Fed articles (here and here) will be an important topic of discussion…

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David Andolfatto, fiscal policy, normalization, balance sheet, preferred credit allocation
Money & Politics, News, The Fed & Central Banks

Why there is no Fiscal Case for the Fed's Large Balance Sheet

Larry White/February 28, 2017June 19, 2022 /37 Comments

It is well known that the Federal Reserve System expanded its assets more than four-fold during and after the 2007-09 financial crisis by making massive purchases of mortgage-backed securities and Treasuries. The balance sheet has not returned to normal since. Total Fed assets stand today at $4.45…

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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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