The Sound Money Project was founded in January 2009 to conduct research and promote awareness about monetary stability and financial privacy. The project is comprised of leading academics and practitioners in money, banking, and macroeconomics. It offers regular commentary and in-depth analysis on monetary policy, alternative monetary systems, financial markets regulation, cryptocurrencies, and the history of monetary and macroeconomic thought. The Sound Money Project also hosts an annual essay contest. For the latest on sound money issues, subscribe to our working paper series and follow along on Twitter or Facebook.

Advisory Board: Steve H. Hanke, Jerry L. JordanGerald P. O’Driscoll, Jr., Lawrence H. White
Director: William J. Luther
Senior Fellows: Gerald P. DwyerJoshua R. Hendrickson
Fellows: Scott A. Burns, James L. Caton, Nicolás Cachanosky, Judge GlockAlexander W. Salter
Contributors: Brian C. Albrecht, J.P. Koning

consumerspending

July Business Conditions Monthly

– July 12, 2019

AIER’s Leading Indicators index was unchanged in June, holding at the neutral reading of 50. The Lagging Indicators index was also unchanged in the latest month, repeating the May result of 42. The Roughly Coincident Indicators index fell for a second …

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Grocery and Restaurant Prices Offset in the AIER Everyday Price Index

– July 11, 2019

AIER’s Everyday Price Index fell 0.4 percent in June reversing a 0.4 percent rise in May. The more widely known price gauge, the Consumer Price Index was unchanged in June. The EPI measures price changes people see in everyday purchases such as groceri …

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June Business Conditions Monthly

– June 14, 2019

AIER’s Leading Indicators index rose 12 points to a neutral reading of 50 in May, up from 38 in April. The Roughly Coincident Indicators index and the Lagging Indicators index both fell, to 75 and 42, respectively (see chart). May is the second consecu …

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Food and Energy Lift the AIER Everyday Price Index

– June 12, 2019

AIER’s Everyday Price Index rose for the fourth consecutive month, posting a 0.4 percent gain in May versus a 0.2 percent gain in the Consumer Price Index. The EPI measures price changes people see in everyday purchases such as groceries, restaurant me …

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Gas Prices Jump Again; Groceries and Restaurants Offset in the AIER Everyday Price Index

– May 10, 2019

AIER’s Everyday Price Index jumped 1.1 percent again in April, more than double the 0.5 percent gain in the Consumer Price Index. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utiliti …

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May Business Conditions Monthly

– May 9, 2019

AIER’s Leading Indicators index rose 13 points to 38 in April, up from 25 in March. March’s result was the lowest since June 2009. The Roughly Coincident Indicators index and the Lagging Indicators index both held steady, at 83 and 67, respectively (se …

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April Business Conditions Monthly

– April 16, 2019

AIER’s Leading Indicators index dropped 17 points to 25 in March, the lowest level since June 2009. The Roughly Coincident Indicators index and the Lagging Indicators index also fell, to 83 and 67, respectively (see chart). March is the third consecuti …

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Energy and Tobacco Prices Surge in the AIER Everyday Price Index

– April 10, 2019

AIER’s Everyday Price Index jumped 1.1 percent in March, nearly double the 0.6 percent gain in the Consumer Price Index. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. The E …

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The Trade War: A One-Year Assessment (Executive Summary)

– March 14, 2019

Anyone who maintains that a $75 billion income tax cut helps the economy must also agree that a tariff hike of $45 billion or more must harm the economy. This study looks back on the unprecedented developments in international trade that happened in 2018.

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