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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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price level target

Paul Volcker, Stephen Moore, commodity prices, inflation, price level target
News, The Fed & Central Banks

Stephen Moore's Other Volcker Rule

George Selgin/March 25, 2019June 19, 2022

(Author's Note, April 11, 2019: I have made some slight revisions to this article in response to criticisms of the original by Bob Murphy, for which I sincerely thank him.) Of many dubious claims that recent Federal Reserve Board nominee Stephen Moore made in a Wall Street…

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NGDP target, nominal GDP, Federal Reserve, operating framework, price level target
Inflation & Deflation, News, The Fed & Central Banks

Price Level Targeting: A Step in the Right Direction

Tate Lacey/June 12, 2018June 19, 2022

The Federal Reserve plans to review its inflation growth rate target and potentially select a new monetary policy target. Many Fed officials are in favor of the idea, including Chair Powell. And the latest FOMC minutes show that the Fed’s policy setting committee has discussed new targets….

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Richard Clarida, John Williams, Jay Powell, Federal Reserve, FOMC, ngdp target, price level target
News, The Fed & Central Banks

Clarida Nomination Completes the Fed's Triumvirate

Tate Lacey/April 25, 2018June 19, 2022

Last week the White House announced that Richard Clarida will be nominated to become Vice Chair of the Federal Reserve Board. More than a month ago, Clarida became the front-runner for the role. He is widely seen as a centrist and a pragmatist holding mostly conventional views…

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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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