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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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war on cash

CMFA Working Paper Series
Working Papers

COVID Cash (CMFA Working Paper No. 002)

The CMFA Working Paper Series/February 12, 2021June 19, 2022

   

nominal GDP, zero lower bound, negative interest rates, war on cash
Fiat Money, Money & Politics, The Fed & Central Banks

The Zero Lower Bound is No Reason to Punish Currency Users

Larry White/March 28, 2019June 19, 2022

John Maynard Keynes once marveled at “how, starting with a mistake, a remorseless logician can end up in Bedlam.” (Bedlam was the nickname of a London madhouse.) Keynesian or New Keynesian macroeconomists who start with the mistaken premise that a central bank cannot fight recession except by lowering…

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currency, money, war on cash, high denomination currency, black money
Fiat Money, Money & Politics

More Evidence of the High Collateral Damage of a War on Cash

Larry White/January 26, 2018June 19, 2022

The leading arguments for banning large-denomination currency notes are those made in a much-cited working paper by Peter Sands and at book length by Kenneth Rogoff. They have been rebutted persuasively by Pierre Lemieux and Jeffrey Hummel in their respective reviews of Rogoff’s book. I have previously…

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Cato Monetary Conference, Cato Events, Cato Journal, 35th Monetary Conference, monetary policy, Center for Monetary and Financial Alternatives
Money & Politics, News, The Fed & Central Banks

35 Years of Advancing Monetary Education

Tyler Whirty/December 1, 2017June 19, 2022

On November 16th, over 200 people gathered in the Hayek Auditorium here at the Cato Institute in Washington, DC, to explore the future of monetary policy at our 35th Annual Monetary Conference. The all-day affair featured four panels of distinguished speakers — including Stanford economist John B….

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Dollarization, Rogoff, negative interest rates, war on cash, zero lower bound
Digital Money, Fiat Money, Money & Politics

Anti-Paper Prophet: Comments on The Curse of Cash

Jeffrey Rogers Hummel/August 15, 2017June 19, 2022

Kenneth S. Rogoff stands out as the advocate of restricting hand-to-hand currency who has argued the case most comprehensively and probably the most cautiously. I critically reviewed his recent book, The Curse of Cash, in the May 2017 issue of Econ Journal Watch. Here I summarize highlights…

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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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