Free Banking is now Alt-M

Ex-Fed chair Ben Bernanke is currently a resident fellow at the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution. The Center’s director, David Wessel, appeared on NPR’s Morning Edition yesterday to express views on inflation and deflation that are essentially indistinguishable from Bernanke’s. In particular, like Bernanke, Wessel spoke as though inflation […]

“Free Banking in History and Theory” “The Troubling Suppression of Competition from Alternative Monies: The Cases of the Liberty Dollar and E-Gold” “The Merits and Feasibility of Returning to a Commodity Standard” And why the heck do I have to be the one to post about them? Come on, fellow bloggers, if you write a […]

Vern McKinley will be speaking at the Cato Institute on June 4 at an event titled “Run, Run, Run: Was the Financial Crisis Panic over Bank Runs Justified?” The event will also be streamed over the Internet live and can be replayed on video later. If the Velvet Underground reference was intentional, Vern, I like […]

A couple weeks ago I experienced an embarrassing bout of “premature e-publication,” having unknowingly made public a mere fragment of a post-in-progress, consisting of a quotation that I thought I had merely saved for future editing. That involuntary emission elicited some puzzled inquiries and speculation concerning just who the quote was from, and what its […]