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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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repos

monetary base, money supply, Open Market Operations, repos, reverse repos
Economic Thought, Fiat Money, Monetary Policy Primer, The Fed & Central Banks

A Monetary Policy Primer, Part 5: The Supply of Money

George Selgin/May 26, 2016June 19, 2022

In previous installments of this primer I've tried to convince you, first, that monetary policy is ultimately about keeping the available quantity of money from differing substantially, if only temporarily, from the quantity demanded and, second, that doing this boils down in practice to having a money…

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moneyness, repos, reverse repos, shadow banking, shadow money
Economic Thought, Financial Markets

On "Shadow Money"

Julien Noizet/May 24, 2016June 19, 2022

The shadow banking literature has vastly and rapidly expanded since the financial crisis, and has produced some interesting pieces, as well as some exaggerated claims, in my view.  While I am not writing today to address those claims, I still wish to question a closely linked concept…

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Blockchain, Chris Giancarlo, collateral chains, rehypothecation, systemic leverage
Digital Money, Financial Markets

Why Financial Regulators Are Warming to Blockchains – And Rightfully So

Caitlin Long/April 26, 2016June 19, 2022

Financial industry regulators around the world are beginning to embrace the reality that blockchain technology will help them do their jobs, as well they should.  I write this post as a 22-year veteran of Wall Street who is passionate about market structure, and who has seen the…

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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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