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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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helicopter money

Central planners using others as a scapegoat.
Events, Money & Politics, News, The Fed & Central Banks

The Treasury's Helicopter Cop-Out

George Selgin/March 20, 2020June 19, 2022

Predictably, the depths of the present economic crisis, including the remarkable flattening of interest rates since it began, have led to several calls by economists, including Jordi Gali and the Mercatus Institute's David Beckworth, for the Fed and other central banks to ready their money choppers for…

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currency board fiscal policy helicopter money Hong Kong monetary policy
Currency Boards, Financial Markets, Money & Politics, News

Handouts, Helicopters, Hong Kong Dollars, and Hogwash

George Selgin/February 26, 2020June 19, 2022

This morning, upon logging in to my Twitter account, I found it brimming with reports that the Hong Kong government was about to embark upon an unprecedented experiment with helicopter money. "Helicopter Money is Here," blurts an FT Alphaville headline. "Hong Kong Embraces Helicopter Money," says Zero…

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helicopter money, Japan, liquidity trap, negative interest rates, Keynes
Fiat Money, The Fed & Central Banks

Japan: The Way Out

George Selgin/May 3, 2016June 19, 2022

"Helicopter money" started out as, and long remained, nothing more than a heuristic device — and a brazenly counterfactual one at that — employed by monetary economists as a means for gaining a better theoretical understanding of the consequences of changes in the stock of money.  "Suppose,"…

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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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