Thanks to the Roosevelt Recession, in the spring of 1938 the New Deal’s “Keynesians” finally found themselves in the saddle, displacing the…
Editor’s Pick
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Today, inflation has reached a 40-year high, in response to fiscal profligacy and accommodative monetary policy. Direct cash payments to individuals and…
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(From the entry on “Money,” by Charles Francis Bastable, in the famous 11th edition of the Encyclopedia Britannica): The very large number…
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Although I’ve devoted many essays here to exploding myths about historical private currencies, there’s one I’ve yet to directly challenge. That’s the…
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(Although my contributions to this series have so far been more-or-less in their proper order, this one isn’t: it occurred to me…
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In a thought-provoking article published by the IMF in April, Ruchir Agarwal and Miles Kimball argue for moving away from a “paper…
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Editor's Pick
Populism and the Future of the Fed: A New Book from Cato’s Center for Monetary and Financial Alternatives
The distinguished contributors to Populism and the Future of the Fed examine populist demands to expand the Fed’s mandate and the threat…
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Editor's Pick
Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007)
RevisingTheBankSecrecyAct_NorbertMichelAndJenniferSchulp_CMFAWP007 The post Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007) appeared first on…
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(As many Alt-M readers will know, my interest in Bitcoin goes back to its earliest days, and even before that: like my…
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In December 1946, Clark Warburton published an article in the Political Science Quarterly titled, “Monetary Control under the Federal Reserve Act,” which…