Skip to content

Alt-M

Ideas for an Alternative Monetary Future

Alt-M

Ideas for an Alternative Monetary Future

  • Home
  • Contributors
    • George Selgin
    • Larry White
    • James Dorn
    • Diego Zuluaga
    • Jennifer Schulp
  • Primer
  • Working Paper Series

Eric Posner

emergency lending, Eric Posner, Great Recession, rule of law
Money & Politics, The Fed & Central Banks

Posner on the Legality of the Fed's Last-Resort Lending

George Selgin/May 19, 2016May 20, 2016 /14 Comments

A recent Marginal Revolution post has alerted me to Eric Posner's January 2016 working paper, "What Legal Authority Does the Fed Need During a Financial Crisis?"  Posner's paper is remarkable, both for its assessment of the legality of the Fed's emergency lending operations during the recent crisis,…

Continue reading

Follow

Print

Subscribe


Contributors

  • George Selgin
  • Larry White
  • Hu McCulloch
  • James Dorn
  • Diego Zuluaga
  • Jennifer Schulp

Categories

  • Banking Regulation (101)
  • Booms & Busts (45)
  • Commodity Money (73)
  • Currency Boards (19)
  • Digital Money (88)
  • Economic History (172)
  • Economic Thought (153)
  • Events (59)
  • Fiat Money (73)
  • Financial Innovation (48)
  • Financial Markets (135)
  • Free Banking (205)
  • Inflation & Deflation (74)
  • Legal Analysis (2)
  • Monetary Policy Primer (12)
  • Money & Politics (287)
  • News (209)
  • Recommended Reading (97)
  • Securities Regulation (6)
  • The Fed & Central Banks (351)
  • Uncategorized (11)
  • Working Papers (1)

Recent Posts

  • The New Deal and Recovery, Part 9: The AAA
  • Has Bitcoin Succeeded?
  • Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part II
  • Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part I
  • Ending the Fed's Emergency Lending Facilities: Mnuchin v. Waters
  • Janet Yellen's Lift Off (CMFA Working Paper No. 001)
  • The Wide World of ESG

Recent Comments

  • Steven Johnson on Dollar-Denominated Cryptocurrencies: Flops and Tethered Success
  • Ray Lopez on The New Deal and Recovery, Part 9: The AAA
  • George Selgin on Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part II
  • Hu McCulloch on Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part II
  • Brutus admirer on Has Bitcoin Succeeded?

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.

Sponsors

Liberty and Privacy Network
This work by the Cato Institute and the Liberty and Privacy Network is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
DMCA | Privacy Policy
top