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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Hayek

Economic History, Free Banking, The Fed & Central Banks

Hayek on the Creation of Moral Hazard by Central Banks

Larry White/December 7, 2017June 19, 2022 /7 Comments

Some years ago I published a paper on the banking theory and policy views of the important twentieth-century economist Friedrich A. Hayek, entitled “Why Didn't Hayek Favor Laissez Faire in Banking?”[1] Very recently, working on a new paper on Hayek’s changing views of the gold standard, I…

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Hayek, knowledge problem, monetary policy, monetary rules
Economic Thought

Monetary Rules: Solving the Knowledge Problem

Gerald P O'Driscoll/August 25, 2015June 19, 2022 /10 Comments

In its  "Free Exchange" column, the Economist recently took up the issue of monetary rules.  Provocatively titled “Rule It Out,” the column announced that “setting interest rates according to a fixed formula is a bad idea.” Reading the column one quickly learns the author doesn’t understand what…

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Hayek and Bitcoin
Digital Money, Inflation & Deflation

Hayek-Style Cybercurrency

Kevin Dowd/May 6, 2015June 19, 2022 /37 Comments

In his ground-breaking work, Denationalisation of Money: the Argument Refined, F.A. Hayek proposed that open competition among private suppliers of irredeemable monies would favor the survival of those monies that earned a reputation for possessing a relatively stable purchasing power. One of the main problems with Bitcoin…

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Commodity Money, Money & Politics, The Fed & Central Banks

Hayekian Musings of a Gold-Standard Pessimist

George Selgin/November 17, 2014June 19, 2022 /12 Comments

I reckon myself a fan of the classical (pre-WWI) gold standard, considering it to have been the best monetary arrangement ever, and a far better one than the various supposedly scientific alternatives seen since. I also bristle at misinformed criticisms of that standard, including the very popular…

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Recent Posts

  • The Menace of Fiscal Inflation
  • Monetary Progress
  • Paul Krugman and the "Ersatz" Theory of Private Currencies
  • The New Deal and Recovery, Part 18: The Recovery So Far
  • Should the Fed Devalue Our Currency to Implement Negative Interest Rates?
  • Populism and the Future of the Fed: A New Book from Cato’s Center for Monetary and Financial Alternatives
  • Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007)

Recent Comments

  • brian_in_arizona on The Menace of Fiscal Inflation
  • Selgin on Paul Krugman and the "Ersatz" Theory of Private Currencies
  • Brutus admirer on Monetary Progress
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  • Max Hydrogen on The Menace of Fiscal Inflation

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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