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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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federal funds rate

Ralph Nader flips out in response to Chair Powell's interest rate policy.
Financial Markets, Inflation & Deflation, Money & Politics, News, The Fed & Central Banks

Ralph Nader Flips Out

George Selgin/April 10, 2020June 19, 2022

Earlier this week, while most of us were still trying to wrap our heads around the Fed's emergency lending plans, consumer advocate Ralph Nader fired-off an irate letter to its Chair, Jay Powell. Nader's letter didn't take issue with any of those plans. Instead, it accused Powell…

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Booms & Busts, Events, Inflation & Deflation, Money & Politics, News, The Fed & Central Banks

Why the Fed Shouldn't (and Can't) "Do Nothing"

George Selgin/March 3, 2020June 19, 2022

One of the challenging things about my job here at Cato is that it calls for me, not only to make the case for monetary alternatives, but to comment on current Fed policies. Why is that such a challenge? Because, so far as many of my fellow…

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balance sheet normalization, Fed balance sheet, Federal funds rate, IOER, Jerome Powell
Financial Markets, News, The Fed & Central Banks

The Six Trillion Dollar Chairman

George Selgin/July 3, 2018June 19, 2022

As The Wall Street Journal, The New York Times, and several other news outlets reported recently, although it has managed to avoid setting off another taper tantrum like that of 2013, the Fed is having a bad case of unwind jitters, thanks to unanticipated tightening in the…

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Federal Reserve, banking regulation, interest on excess reserves, ioer, mcculloch, excess reserves, federal funds rate, balance sheet, the fed, federal funds rate, ffr
Banking Regulation, The Fed & Central Banks

The Rudderless Fed

Hu McCulloch/September 8, 2017June 19, 2022

Prior to 2008, the Fed could accelerate or decelerate inflation by expanding or contracting the monetary base and therefore bank reserves with open market operations and/or with repo loans to dealers. Since 2008, however, the Fed has paid interest on excess reserves equal to or even higher…

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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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