[![Media Name: cj-v35n2-cover.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cj-v35n2-cover.jpg?itok=YUHJ8qLo)](https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2015/5/cj-v35n2.pdf) 

# Spring/​Summer 2015 

Vol. 35 No. 2 

[ 

Download PDF 

](https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2015/5/cj-v35n2.pdf) 

Alternatives to Central Banking: Toward Free-Market Money

##### Articles 

#### [Monetary Muddles ](/cato-journal/springsummer-2015/monetary-muddles)

By Axel Leijonhufvud 

#### [Money and Banking: A Constitutional Perspective ](/cato-journal/springsummer-2015/money-banking-constitutional-perspective)

By [Walker F. Todd](https://www.cato.org/people/walker-f-todd) 

#### [Gold and Silver as Constitutional Alternative Currencies ](/cato-journal/springsummer-2015/gold-silver-constitutional-alternative-currencies)

By Edwin Vieira, Jr. 

#### [The Role of Gold in a Market-Based Monetary System ](/cato-journal/springsummer-2015/role-gold-market-based-monetary-system)

By [Jerry L. Jordan](https://www.cato.org/people/jerry-jordan) 

#### [Editor’s Note ](/cato-journal/springsummer-2015/editors-note)

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

#### [Law, Legislation, and the Gold Standard ](/cato-journal/springsummer-2015/law-legislation-gold-standard)

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

#### [Fix What Broke: Building an Orderly and Ethical International Monetary System ](/cato-journal/springsummer-2015/fix-what-broke-building-orderly-ethical-international-monetary)

By Judy Shelton 

#### [Transitioning Standards of Value in Fixed-Value Monetary Systems ](/cato-journal/springsummer-2015/transitioning-standards-value-fixed-value-monetary-systems)

By Nathan Lewis 

#### [An Agenda for Monetary Action ](/cato-journal/springsummer-2015/agenda-monetary-action)

By James Grant 

#### [A Roadmap to Monetary Policy Reforms ](/cato-journal/springsummer-2015/roadmap-monetary-policy-reforms)

By [Norbert J. Michel](https://www.cato.org/people/norbert-michel) 

#### [A Private Committee for Monetary Reform: Process and Substance ](/cato-journal/springsummer-2015/private-committee-monetary-reform-process-substance)

By Gerald P. O’Driscoll Jr. 

#### [The Bitcoin Revolution ](/cato-journal/springsummer-2015/bitcoin-revolution)

By Bennett T. McCallum 

#### [Bitcoin Will Bite the Dust ](/cato-journal/springsummer-2015/bitcoin-will-bite-dust)

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

#### [The Market for Cryptocurrencies ](/cato-journal/springsummer-2015/market-cryptocurrencies)

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

#### [The Swiss Experiment: From the Lower Bound to Flexible Exchange Rates ](/cato-journal/springsummer-2015/swiss-experiment-lower-bound-flexible-exchange-rates)

By Peter Bernholz 

#### [Current Evidence on the Resource Costs of Irredeemable Paper Money ](/cato-journal/springsummer-2015/current-evidence-resource-costs-irredeemable-paper-money)

By Tyler Watts and Lukas Snyder 

##### Book Reviews 

##### [ *The New Counter-Insurgency Era in Critical Perspective*](/cato-journal/springsummer-2015/new-counter-insurgency-era-critical-perspective)

By [Jennifer Keister](https://www.cato.org/people/jennifer-keister) 

##### [ *A Nation Wholly Free: The Elimination of the National Debt in the Age of Jackson*](/cato-journal/springsummer-2015/nation-wholly-free-elimination-national-debt-age-jackson)

By [Chris Edwards](https://www.cato.org/people/chris-edwards) 

##### [ *Social Justice and the Indian Rope Trick*](/cato-journal/springsummer-2015/social-justice-indian-rope-trick)

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

##### [ *This Nonviolent Stuff’ll Get You Killed: How Guns Made the Civil Rights Movement Possible*](/cato-journal/springsummer-2015/nonviolent-stuffll-get-you-killed-how-guns-made-civil-rights)

By [David B. Kopel](https://www.cato.org/people/david-kopel) 

##### Latest Issues 

[![Cato Journal - v41n3 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2021-10/cj-v41n3-cover-img.jpg?itok=5oFdtHHE)](https://www.cato.org/cato-journal/fall-2021) 

[Fall 2021](/cato-journal/fall-2021)

[![Cato Journal - v41n2 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2021-05/cj-v42n2-cover.jpg?itok=Gsu0q9wJ)](https://www.cato.org/cato-journal/spring/summer-2021) 

[Spring/​Summer 2021](/cato-journal/spring/summer-2021)

[![Cato Journal - v41n1 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2021-01/Cover.jpg?itok=FSh0s6W_)](https://www.cato.org/cato-journal/winter-2021) 

[Winter 2021](/cato-journal/winter-2021)

[![Cato - Fall 2020 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2020-09/cj-v40n3-cover.jpg?itok=9jXN2iCd)](https://www.cato.org/cato-journal/fall-2020) 

[Fall 2020](/cato-journal/fall-2020)