The New Deal and Recovery, Part 20: The
It was supposed to be a debacle. As the Second World War drew to a close, the nation’s leading economists
Warburton on Theories of Monetary Control and the
In December 1946, Clark Warburton published an article in the Political Science Quarterly titled, “Monetary Control under the Federal Reserve
Bitcoin: Problems and Prospects
(As many Alt-M readers will know, my interest in Bitcoin goes back to its earliest days, and even before that:
Revising the Bank Secrecy Act to Protect Privacy
RevisingTheBankSecrecyAct_NorbertMichelAndJenniferSchulp_CMFAWP007 The post Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007) appeared
Populism and the Future of the Fed: A
The distinguished contributors to Populism and the Future of the Fed examine populist demands to expand the Fed’s mandate and
Should the Fed Devalue Our Currency to Implement
In a thought-provoking article published by the IMF in April, Ruchir Agarwal and Miles Kimball argue for moving away from
The New Deal and Recovery, Part 18: The
(Although my contributions to this series have so far been more-or-less in their proper order, this one isn’t: it occurred
Paul Krugman and the “Ersatz” Theory of Private
Although I’ve devoted many essays here to exploding myths about historical private currencies, there’s one I’ve yet to directly challenge.
Monetary Progress
(From the entry on “Money,” by Charles Francis Bastable, in the famous 11th edition of the Encyclopedia Britannica): The very
The Menace of Fiscal Inflation
Today, inflation has reached a 40-year high, in response to fiscal profligacy and accommodative monetary policy. Direct cash payments to