Free Banking is now Alt-M

There is a new dissertation readers may be interested in, written in the Department of History at Harvard University by Tyler Goodspeed. The title is “Upon Daedalian Wings of Paper Money: Adam Smith, Free Banking, and the Financial Crisis of 1772.” (This was the failure of the Ayr Bank.) Here is the abstract: From 1716 to […]

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 […]

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 […]