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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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high denomination currency

currency, money, war on cash, high denomination currency, black money
Fiat Money, Money & Politics

More Evidence of the High Collateral Damage of a War on Cash

Larry White/January 26, 2018June 19, 2022

The leading arguments for banning large-denomination currency notes are those made in a much-cited working paper by Peter Sands and at book length by Kenneth Rogoff. They have been rebutted persuasively by Pierre Lemieux and Jeffrey Hummel in their respective reviews of Rogoff’s book. I have previously…

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$100 bills, Andrew Haldane, high denomination currency, Larry Summers, Private money
Fiat Money, Money & Politics

Against Currency Prohibitionism

Larry White/April 1, 2016June 19, 2022

From time to time we hear calls for withdrawing today’s lowest and the highest denominations of US currency, the penny and the $100 bill, from circulation.  In the last year a growing chorus has been calling for prohibition of the $100 bill. The rhetoric of the anti-high-denomination…

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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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