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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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lender of last resort, bank runs, panics, monetary primer
Free Banking, Monetary Policy Primer, Recommended Reading, The Fed & Central Banks

A Monetary Policy Primer, Part 11: Last-Resort Lending

George Selgin/August 8, 2017June 19, 2022

So far, throughout this primer, I've claimed that central banks have one overarching task to perform:  their job, I said, is to "regulate the overall availability of liquid assets, and through it the general course of spending, prices, and employment, in the economies they oversee." I've also…

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Economic History, Economic Thought, Financial Markets

Misunderstanding Financial History

George Selgin/July 11, 2013June 19, 2022

I've long considered Gary Gorton one of the best economists working in the fields of banking and finance, thanks in no small part to his excellent work on 19th-century U.S. financial history. Gorton's reputation was dealt a hard blow recently owing to his role in supplying AIG…

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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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