Alternatives to the Fed?

12 Pages Posted: 19 Apr 2013

See all articles by Bennett T. McCallum

Bennett T. McCallum

Carnegie Mellon University - David A. Tepper School of Business; National Bureau of Economic Research (NBER)

Date Written: October 19, 2010

Abstract

There are three main alternatives to the Federal Reserve that need to be discussed. These are the gold standard, private competitive supply of money, and the Yeager-Greenfield plan for an automatically stabilized unit of account. I will attempt to provide some relevant considerations in this article.

Keywords: federal reserve bank, central banking, financial crisis of 2008, U.S. monetary policy, gold standard, free markets, privatization

JEL Classification: E52, E58, E60

Suggested Citation

McCallum, Bennett T., Alternatives to the Fed? (October 19, 2010). Cato Journal, Vol. 30, No. 3, 2010. Available at SSRN: https://ssrn.com/abstract=2253940

Bennett T. McCallum (Contact Author)

Carnegie Mellon University - David A. Tepper School of Business ( email )

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National Bureau of Economic Research (NBER)

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