(It occurred to us that some of our early posts, and especially ones from Alt-M’s predecessor, Freebanking.org, may deserve a new airing, as they remain pertinent, but haven’t been seen by many of our newer readers. With that in mind, we’re pleased to introduce Friday FLASHBACKS: an…
On Thursday, November 12th, Cato hosts its 33rd Annual Monetary Conference. This year’s conference theme is “Rethinking Monetary Policy.” I will be presenting a paper on “Monetary Policy: The Knowledge Problem.” The knowledge problem in conducting monetary policy, or any other government policy, is that the required…
I owe a heckuva lot to Friedrich Hayek. Had it not been for him, I might never have heard of "free banking," meaning the genuine article rather than the phony antebellum U.S. version. Certainly I would never have found myself writing about it. Nor, perhaps, would any…
This morning Justin Merill alerted me, via Facebook, to a recent episode of The Tom Woods Show titled “Against Market Monetarism and NGDP Targeting.” The episode consists of an interview with Austrian monetary economist Joe Salerno, in which Salerno takes issue with Market Monetarists and, especially, with…