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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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New Deal

Banking Regulation, Economic History, Economic Thought, Money & Politics, News

The New Deal and Recovery, Part 23: The Great Rapprochement

George Selgin/February 7, 2023February 8, 2023

What finally brought the Great Depression to an end? We've seen that, whatever it was, it took place not during the 30s but sometime between then and the end of World War II, when a remarkable postwar revival occurred instead of the renewed depression many feared. We've…

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Economic History, Inflation & Deflation, Money & Politics, News, The Fed & Central Banks

The New Deal and Recovery, Part 22: Postwar Monetary Policy

George Selgin/December 19, 2022December 31, 2022

After an interruption due mostly to my move to Spain, I'm pleased to be back in the saddle again, wrapping up my series on the New Deal. I ended a previous installment of this series by observing that, despite many dire forecasts, the U.S. economy avoided a…

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Booms & Busts, Economic History, Inflation & Deflation, Money & Politics, News

The New Deal and Recovery, Part 21: Happy Days

George Selgin/August 31, 2022February 7, 2023

By the start of 1948, there could no longer be any doubt: the Great Depression wasn't coming back. Instead of collapsing at war's end, as many feared it would, combined government and private spending (as measured by nominal Gross Domestic Product) hardly budged between 1945 and 1946,…

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Booms & Busts, Economic History, Economic Thought, Money & Politics, News

The New Deal and Recovery, Part 20: The Phantom Depression

George Selgin/August 9, 2022February 7, 2023

It was supposed to be a debacle. As the Second World War drew to a close, the nation's leading economists feared that, once the armed services demobilized, at least 8 million men and women, perhaps many more, would be unemployed. That meant an unemployment rate of 12…

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Booms & Busts, Economic History, Money & Politics, News

The New Deal and Recovery, Part 19: War, and Peace

George Selgin/July 15, 2022December 20, 2022

Thanks to the Roosevelt Recession, in the spring of 1938 the New Deal's "Keynesians" finally found themselves in the saddle, displacing the planners, reformers, and trust-busters whose legislative efforts had petered out some months before. The Keynesians' rise was symbolized by the $3 billion spending program FDR…

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Contributors

  • Jennifer Schulp
  • James Dorn
  • Norbert Michel
  • Alan Reynolds
  • Hu McCulloch
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Recent Posts

  • 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
  • Bank and Crypto Runs: F(ac)TX vs Fiction
  • The New Deal and Recovery, Part 21: Happy Days
  • Stop Lionizing Paul Volcker and Villainizing Arthur Burns

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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