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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Willem Buiter

Fiscal Theory of the Price Level, hyperinflation, Rentenmark, Weimar Republic, Willem Buiter
Economic History, Economic Thought, Inflation & Deflation

The Fiscal Theory of the Price Level: True and False

James Dorn/August 23, 2016June 19, 2022 /4 Comments

There are two versions of the fiscal theory of the price level (FTPL); one true, the other false.  The true version holds that if the fiscal authority dominates the policy space, then fiscal deficits could be monetized by the central bank. This version is consistent with the…

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Fed balance sheet, fiscal policy, LSAP, preferred credit allocation, Willem Buiter
Money & Politics, Recommended Reading, The Fed & Central Banks

Buiter on the Politics of Normalization

George Selgin/June 14, 2016June 19, 2022 /2 Comments

The most stinging rebuke, as well as the  most public one, I ever received over the course of my academic career, was delivered to me in the pages of The Economic Journal.  It consisted of a  footnote to an article celebrating James Tobin's contributions to economics. 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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