Pertinent Category: Sound Money Project

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. 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. Jordan, Lawrence H. White
Director: William J. Luther
Senior Fellows: Nicolás Cachanosky, Gerald P. DwyerJoshua R. Hendrickson, Thomas L. Hogan, Gerald P. O’Driscoll, Jr., Alexander W. Salter
Fellows: J.P. Koning

Stylized Facts, Public Policy and the “Crack Up Boom” – Peter Boettke

– December 16, 2010

“In reading Mises I am always struck by how fresh he still reads, and how relevant his analysis of contemporary policy in the first half of the 20th century still is relevant for us at the beginning of the 21st century. Of course, there is the enduring …

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“Audit the Fed in 2011” – Ron Paul

– December 16, 2010

“Since the announcement last week that I will chair the congressional subcommittee that oversees the Federal Reserve, the media response has been overwhelming. The groundswell of opposition to Fed actions among ordinary citizens is reflected not only i …

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“Five Ways Inflation in China Can Affect the US”

– December 15, 2010

“There’s no free lunch. All potential “solutions” to the Chinese inflation problem come with serious associated potential costs and risks. For example, raising interest rates could devastate the real estate industry and other sectors that have become a …

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“The New Big Picture”

– December 15, 2010

“On the other hand, all that has happened is that the tax rates that have now been in force for almost 10 years have been continued for 2 more years. The Fed has the economy fully primed for rising inflation and interest rates as the recovery takes hol …

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“Fed president would be OK with changes to dual mandate”

– December 15, 2010

“James Bullard, president of the Federal Reserve Bank of St. Louis, said “it would be OK with me” if Congress used legislation to remove the Fed’s current mandate that it maximize employment in addition to controlling inflation. Bullard made his commen …

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“The Fed’s Bipolar Mandate”

– December 15, 2010

“The contradictions were as apparent then as now; as Mr. Corker puts it, a central bank cannot have “a bipolar mandate.” The pressure to bring down unemployment using money creation during difficult economic times will inevitably complicate the task of …

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“The Fed’s QE Scheme Begins to Backfire”

– December 15, 2010

“The Fed argues that QE is not inflationary, because the electronic money is sitting in the coffers of the banking Oligarchs, and isn’t circulating in the general economy. “One myth that’s out there, – is that what we’re doing is printing money. We’re …

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“Watch What the FOMC Doesn’t Say”

– December 15, 2010

“The aim of QE2 has been to lower medium-to-longer-term interest rates since the Fed’s main policy variable—the overnight federal funds rate—has been pinned near zero for two years. But since the Nov. 3 FOMC meeting, Treasury yields have done precisely …

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“Sense and nonsense in the quantitative easing debates”

– December 14, 2010

“Unemployment is not high because the maturity structure of government debt is too long, thank you, nor from any lack of “liquidity” in a banking system that is sitting on a trillion dollars of cash. It’s time to focus on the real, microeconomic, tax, …

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“Fed expected to dampen rate rise expectations”

– December 14, 2010

“The central bank is not expected to signal any shift away from its intention to buy $600 billion in government debt but markets are already bringing forward expectations of when the Fed may start to raise interest rates. Eurodollar futures fell to thr …

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“Producer Prices Rise Most in 8 Months”

– December 14, 2010

“Since August, there certainly doesn’t seem to be much deflationary threat here. The 12-month change in PPI for finished goods is 3.5% as of November. So what’s driving the increase in prices? Food and energy make up a significant influence. Food price …

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“Beware of a China Bubble”

– December 10, 2010

“After QE2, analysts were looking for possible consequences of the Federal Reserve Bank’s actions. What has become apparent is that the Fed has created another bubble in China. Investors globally have transferred devalued US dollars and euros to buy Ch …

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