(This post continues my discussion of the “regime uncertainty” hypothesis, according to which the New Deal hampered recovery by causing businessmen to…
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Editor’s Pick
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In her CMFA working paper, Carola Binder discusses a new approach for understanding why central bankers are pressured—by both politicians and the…
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TechnopopulismAndCentralBanks_CarolaBinder_CMFAWP004 The post Technopopulism and Central Banks (CMFA Working Paper No. 004) appeared first on Alt-M.
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“This great Nation will endure as it has endured, will revive and will prosper. …[T]he only thing we have to fear is…
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In his first speech as a member of the Federal Reserve’s Board of Governors, Christopher Waller defended Fed independence and reassured his…
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Alerted by a tweet by him, I recently listened to a December 2020 C-SPAN talk, on “Paper Money in Antebellum America,” by…
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Every hoary myth about the private market’s unfitness to supply means of exchange has roots that trace back to the hoariest monetary…
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Editor's Pick
The Private Mint In Economics: Evidence from American Gold Rushes (CMFA Working Paper No. 003)
ThePrivateMintInEconomics_LawrenceHWhite_CMFAWP003 The post The Private Mint In Economics: Evidence from American Gold Rushes (CMFA Working Paper No. 003) appeared first on…
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Regular readers of Alt-M don’t need to be told that yours truly is no fan of the Fed’s gigantic credit footprint. Even…
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“Massive jolts of New Deal spending had stopped the economic slide, [but the economy crashed again when] over two years, FDR slashed…