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# Spring/​Summer 2012 

Vol. 32 No. 2 

Monetary Reform in the Wake of Crisis

##### Articles 

#### [Editor’s Note ](/cato-journal/spring/summer-2012/editors-note)

By [James A. Dorn](https://www.cato.org/people/james-dorn) 

#### [The Eurozone Crisis and Global Monetary Reform: A Conversation ](/cato-journal/spring/summer-2012/eurozone-crisis-global-monetary-reform-conversation)

By Robert B. Zoellick and Sebastian Mallaby 

#### [Understanding the Interventionist Impulse of the Modern Central Bank ](/cato-journal/spring/summer-2012/understanding-interventionist-impulse-modern-central-bank)

By Jeffrey M. Lacker 

#### [Federal Reserve Policy in the Great Recession ](/cato-journal/spring/summer-2012/federal-reserve-policy-great-recession)

By Allan H. Meltzer 

#### [The Fed’s Fatal Conceit ](/cato-journal/spring/summer-2012/feds-fatal-conceit)

By [John A. Allison](https://www.cato.org/people/john-allison) 

#### [Only a Crisis Will Bring Money Reform ](/cato-journal/spring/summer-2012/only-crisis-will-bring-money-reform)

By George Melloan 

#### [Banking Dysfunction ](/cato-journal/spring/summer-2012/banking-dysfunction)

By James Grant 

#### [What Should a Central Bank (Not) Do? ](/cato-journal/spring/summer-2012/what-should-central-bank-not-do)

By Benn Steil 

#### [L Street: Bagehotian Prescriptions for a 21st Century Money Market ](/cato-journal/spring/summer-2012/l-street-bagehotian-prescriptions-21st-century-money-market)

By [George Selgin](https://www.cato.org/people/george-selgin) 

#### [Gold and Government ](/cato-journal/spring/summer-2012/gold-government)

By Judy Shelton 

#### [From Constitutional to Fiat Money: The U.S. Experience ](/cato-journal/spring/summer-2012/constitutional-fiat-money-us-experience)

By [Richard H. Timberlake Jr.](https://www.cato.org/people/richard-timberlake) 

#### [Why Monetary Freedom Matters ](/cato-journal/spring/summer-2012/why-monetary-freedom-matters)

By Rep. Ron Paul 

#### [Where Is Private Note Issue Legal? ](/cato-journal/spring/summer-2012/where-private-note-issue-legal)

By Kurt Schuler and William McBride 

#### [Making the Transition to a New Gold Standard ](/cato-journal/spring/summer-2012/making-transition-new-gold-standard)

By [Lawrence H. White](https://www.cato.org/people/lawrence-white) 

#### [Natural Rates of Interest and Sustainable Growth ](/cato-journal/spring/summer-2012/natural-rates-interest-sustainable-growth)

By Roger W. Garrison 

#### [Toward a Global Monetary Order ](/cato-journal/spring/summer-2012/toward-global-monetary-order)

By Gerald P. O’Driscoll Jr. 

#### [The Coming Fiat Money Cataclysm and the Case for Gold ](/cato-journal/spring/summer-2012/coming-fiat-money-cataclysm-case-gold)

By [Kevin Dowd](https://www.cato.org/people/kevin-dowd), Martin Hutchinson, and Gordon Kerr 

##### Book Reviews 

##### [*Political Philosophy Clearly: Essays on Freedom and Fairness, Property and Equalities* by Anthony de Jasay](/cato-journal/spring/summer-2012/political-philosophy-clearly-essays-freedom-fairness-property-equalities)

By [Aaron Ross Powell](https://www.cato.org/people/aaron-ross-powell) 

##### [*Collision Course: Ronald Reagan, the Air Traffic Controllers, and the Strike that Changed America* by Joseph A. McCartin](/cato-journal/spring/summer-2012/collision-course-ronald-reagan-air-traffic-controllers-strike-changed)

By Ivan G. Osorio 

##### [*Does the Elephant Dance? Contemporary Indian Foreign Policy* by David M. Malone](/cato-journal/spring/summer-2012/does-elephant-dance-contemporary-indian-foreign-policy)

By [Malou Innocent](https://www.cato.org/people/malou-innocent) 

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