monetary rule Archives

digital money, Christmas, monetary rule, primary dealer, NGD targeting, Selgin

(Originally appeared December 21, 2014) As is usual this time of year, my mom and brother, and a close friend or two, asked me to share with them some of the items I'd included in the list they assumed I'd already mailed to the North Pole, as…

commodity money, monetary policy primer, federal reserve, fiat money, alternative monetary policy, monetary alternatives

Commodity Money, Digital Money, Free Banking, Monetary Policy Primer

A Monetary Policy Primer, Part 12: Monetary Alternatives

George Selgin/October 31, 2017June 19, 2022

This primer is supposed to introduce readers to the workings of the present U.S. monetary system. So it's only natural that it should take established monetary arrangements for granted, including an official, "fiat" dollar currency managed by the Federal Reserve System. And while I haven't hesitated to…