Dorn (ed ) monetary alternatives; rethinking government fiat money (2017)

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Dorn (ed )   monetary alternatives; rethinking government fiat money (2017)

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.. .MONETARY ALTERNATIVES RETHINKING GOVERNMENT FIAT MONEY Edited by James A Dorn Copyright © 2017 by the Cato Institute All rights reserved ISBN: 97 8-1 -9 4442 4-4 4-2 eBook ISBN: 97 8-1 -9 4442 4-4 5-9 ... unlimited power and the dollar is a pure fiat money A limited constitutional government calls for a rules-based, free-market monetary system, not the topsy-turvy fiat dollar that now exists under central... closer to a forecast-free monetary regime than our current government fiat money system under a highly discretionary central bank The reason is simple: absence of high-powered money in Yeager’s

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Mục lục

  • Title Page

  • Copyright Page

  • CONTENTS

  • FOREWORD

  • EDITOR'S PREFACE

  • Chapter 1: INTRODUCTION: Toward a New Monetary Regime

  • PART 1: CENTRAL BANKING AT A CROSSROADS

  • Chapter 2: Revisiting Three Intellectual Pillars of Monetary Policy

  • Chapter 3: Understanding the Interventionist Impulse of the Modern Central Bank

  • Chapter 4: The Fed’s Fatal Conceit

  • Chapter 5: Alternatives to the Fed?

  • PART 2: RESTORING A MONETARY CONSTITUTION

  • Chapter 6: From Constitutional to Fiat Money: The U.S. Experience

  • Chapter 7: Reductionist Reflections on the Monetary Constitution

  • Chapter 8: The Implementation and Maintenance of a Monetary Constitution

  • PART 3: RULES VERSUS DISCRETION

  • Chapter 9: Commitment, Rules, and Discretion

  • Chapter 10: Real and Pseudo Monetary Rules

  • Chapter 11: Legislating a Rule for Monetary Policy

  • Chapter 12: Nominal GDP Targeting: A Simple Rule to Improve Fed Performance

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