Monetary Reform Attaining Intellectual Footing

In 2012, I concluded that we really needed a lot more high-caliber intellectual support if we were going to come up with a viable alternative to todayâ??s funny-money orthodoxy.

Now it is two years later, and that intellectual support is starting to form. The Cato Institute, a leading conservative think tank, in September created the Center for Monetary and Financial Alternatives. To head this new effort, they chose George Selgin, formerly from the University of Georgia, and one of our better gold standard advocates from academia today.