Sound Money Project

Sunday, May 26th, 2019

What are the merits of returning to the gold standard? Is such a system feasible today?

Thursday, November 8th, 2018

The fifth issue of the AIER Sound Money Project Working Paper Series is available online. AIER is currently ranked 152nd on SSRN's Top 1,600 Entrepreneurship Research & Policy Network Organizations..

Wednesday, October 10th, 2018

The fourth issue of the AIER Sound Money Project Working Paper Series is available online. AIER is currently ranked 149th on SSRN's Top 1,600 Entrepreneurship Research & Policy Network Organizations.

Thursday, August 16th, 2018

AIER’s Sound Money Project has quickly established itself as a leading authority in monetary economics.

Tuesday, November 28th, 2017

Banning cash is inconsistent with the liberal tradition. It is the way of despots.

Wednesday, November 22nd, 2017

To anyone familiar with free banking systems, the answer is obvious.

Monday, November 20th, 2017

Customers can now send mobile money to those on competing networks.

Wednesday, November 15th, 2017

If we want sound money, we cannot afford to ignore the political process.

Monday, November 13th, 2017

whirlwind tour through alternative theories would seem to suggest one fits much more comfortably with a pro-liberty worldview than another.

Friday, November 10th, 2017

The high price of bitcoin serves as a reminder of its rigid supply, which might ultimately be its undoing.

Wednesday, November 8th, 2017

Economists might wish it were otherwise, but the Fed is not independent.

Monday, November 6th, 2017

Financial innovation reduces the costs of transacting and storing wealth.

Thursday, November 2nd, 2017

Cash can be converted to goods all but instantly, but provides the holder of cash no interest.

Wednesday, November 1st, 2017

Indians accomplished in mere months something that took Europeans ten years.

Thursday, August 3rd, 2017

The previous post presented Hayek’s knowledge problem in the context of the economic calculation debate under socialism. We discussed the distinction (sometimes overlooked) between information and knowledge .

Wednesday, August 2nd, 2017

In my previous posts, Andreas Hoffmann and I discussed the problem of unintended consequences in monetary policy, particularly as applied to the U.S. Federal Reserve and the European Central Bank in the context of the 2008 crisis.

Thursday, July 20th, 2017
Can you name an official at a major central bank who expresses worries that inflation is now, or soon will be, too high?  Can you identify any financial publication--even the Wall Street Journal--that does not report that recent inflation data have been "disappointing?" To paraphrase former Presiden
Tuesday, July 18th, 2017

Contra Mises, explicit coordination might be used to launch an intrinsically worthless item. Such a view is in line with standard models of money employed by economists today. Coordination also seems to have played a role in launching bitcoin.