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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 businesses in 2020 and 2021, which totaled more than $5 trillion,

(From the entry on "Money," by Charles Francis Bastable, in the famous 11th edition of the Encyclopedia Britannica): The very large number of the autonomous cities of Greece, which possessed the right of

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 belief that such currencies only thrive in the absence of official

(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 only relatively recently that it would be worthwhile to take stock

In a thought-provoking article published by the IMF in April, Ruchir Agarwal and Miles Kimball argue for moving away from a “paper money standard” and toward an "electronic money standard." The promised benefits

The distinguished contributors to Populism and the Future of the Fed examine populist demands to expand the Fed’s mandate and the threat to the demarcation between fiscal and monetary policy.  All the essays,

RevisingTheBankSecrecyAct_NorbertMichelAndJenniferSchulp_CMFAWP007   The post Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007) appeared first on Alt-M.

(As many Alt-M readers will know, my interest in Bitcoin goes back to its earliest days, and even before that: like my grad school mentor and regular Alt-M contributor Lawrence White, I took

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