real bills doctrine, the fed, gold, timberlake, humphries, cato, milton friedman

The Cato Institute's newest book, Gold, the Real Bills Doctrine, and the Fed: Sources of Monetary Disorder, 1922–1938 is out now—and it's already getting rave reviews for challenging conventional wisdom on the Great Depression. In Gold, the Real Bills Doctrine, and the Fed, preeminent monetary historians Thomas…

free banking, 100% reserve, public banks, economic history, friday flashback

(Originally appeared as George Selgin's first-ever post in Alt-M's predecessor blog freebanking.org.) *** Free bankers have been fighting a war on two fronts.  On one they face champions of central banking and managed money.  On the other they struggle against advocates of 100-percent reserve banking.  Although the…