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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Depression

Banking Regulation, Economic History, Economic Thought, Money & Politics, News

The New Deal and Recovery, Part 23: The Great Rapprochement

George Selgin/February 7, 2023March 28, 2023

What finally brought the Great Depression to an end? We've seen that, whatever it was, it took place not during the 30s but sometime between then and the end of World War II, when a remarkable postwar revival occurred instead of the renewed depression many feared. We've…

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Economic History, Inflation & Deflation, Money & Politics, News, The Fed & Central Banks

The New Deal and Recovery, Part 22: Postwar Monetary Policy

George Selgin/December 19, 2022March 28, 2023

After an interruption due mostly to my move to Spain, I'm pleased to be back in the saddle again, wrapping up my series on the New Deal. I ended a previous installment of this series by observing that, despite many dire forecasts, the U.S. economy avoided a…

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Booms & Busts, Economic History, Inflation & Deflation, Money & Politics, News

The New Deal and Recovery, Part 21: Happy Days

George Selgin/August 31, 2022March 28, 2023

By the start of 1948, there could no longer be any doubt: the Great Depression wasn't coming back. Instead of collapsing at war's end, as many feared it would, combined government and private spending (as measured by nominal Gross Domestic Product) hardly budged between 1945 and 1946,…

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Economic History, Money & Politics, News

The New Deal and Recovery, Part 20, Coda: The Fate of Rosie the Riveter

George Selgin/August 11, 2022March 28, 2023

In assessing the possibility that a severe downturn occurred at the end of WWII, I took issue with conventional wartime and postwar output statistics, while taking the period's unemployment statistics at face value. In so doing I set aside a hypothesis that disputes the unemployment numbers themselves….

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Booms & Busts, Economic History, Economic Thought, Money & Politics, News

The New Deal and Recovery, Part 20: The Phantom Depression

George Selgin/August 9, 2022March 28, 2023

It was supposed to be a debacle. As the Second World War drew to a close, the nation's leading economists feared that, once the armed services demobilized, at least 8 million men and women, perhaps many more, would be unemployed. That meant an unemployment rate of 12…

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Recent Posts

  • The New Deal and Recovery, Part 27: Deposit Insurance
  • 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

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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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