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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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liquidity

Fed, IOER, Liquidity, Repos, Standing Repo Facility
Events, Money & Politics, News, The Fed & Central Banks

Reflections on the Repo-Market Imbroglio

George Selgin/October 3, 2019June 19, 2022

"If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand." (Attributed to Milton Friedman)   While my fellow Fed-watchers have had their eyes firmly glued to the repo-market for several weeks now, I've been preoccupied with…

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bank subsidies, federal reserve, liquidity, interest on reserves, interest on excess reserves
Digital Money, The Fed & Central Banks

The Fed's Mispricing of Liquidity: Nothing New Under the Sun

/November 14, 2017June 19, 2022

In his recent post exploring the welfare implications of the Fed paying interest on reserves, George Selgin observed that if banks failed to maintain optimal reserves, the problem was either incorrect remuneration of reserves themselves, or the Fed’s mispricing of short-term (intraday or overnight) credit. Regarding the latter,…

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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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