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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

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

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

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  • The New Deal and Recovery, Part 25: The RFC, Continued
  • The New Deal and Recovery, Part 24: The RFC
  • The New Deal and Recovery, Part 23: The Great Rapprochement
  • The New Deal and Recovery, Part 22: Postwar Monetary Policy
  • Diamond and Dybvig and the Panic of 1907
  • Diamond, Dybvig, and Government Deposit Insurance

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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