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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Lehman Brothers

bank runs, FDIC, Lehman Brothers, money market mutual funds, moral hazard
Financial Markets, Money & Politics

Can Money-Market Mutual Funds Reliably Avoid the Problem of Runs?

Larry White/February 3, 2016June 19, 2022 /11 Comments

The majority of federally insured savings and loans failed in the 1980s, wiping out the Federal Savings and Loan Insurance Corporation in 1989.  The fiasco ultimately cost taxpayers around $150 billion to make savings depositors whole.  Two years later, the failures of hundreds of commercial banks put…

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Ben Bernanke, financial crisis, interest on reserves, Lehman Brothers, TED Spread
Booms & Busts, Economic History, The Fed & Central Banks

Interest On Reserves, Part III

George Selgin/January 12, 2016June 19, 2022 /42 Comments

Why do I keep harping on interest on reserves?  Because, IMHO, the Fed's decision to start paying interest on reserves contributed at least as much as the failure of Lehman Brothers or any previous event did to the liquidity crunch of 2008:Q4, which led to a  deepening…

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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)

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  • 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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