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

“Bernanke: China ‘Risking Inflation’ With Currency Policy”

– December 6, 2010

“Federal Reserve Chairman Ben Bernanke said China is “risking inflation” in its own economy, while threatening other nations, by not allowing its currency to appreciate. In an interview with CBS’s “60 Minutes” posted on the program’s Web site, Mr. Bern …

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centralbanking

Why Do We Have a Central Bank?

– December 6, 2010

by Gerald P. O’Driscoll, Jr. Why do nations have central banks? Countries have developed without one, and sophisticated financial systems have evolved in their absence. Some countries with a central bank have suffered for having one. Zimbabwe comes to …

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“Rand Gains Fifth Day as Bernanke Says Further Stimulus Possible”

– December 6, 2010

“South Africa’s currency appreciated as much as 0.3 percent to 6.8530 per dollar and traded at 6.8550 by 9:35 a.m. in Johannesburg, from a previous close of 6.8760. Against the euro the rand added 0.4 percent to 9.1563. … The rand has surged 37 perce …

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“Fed Won’t Raise for Years Amid Slow Payrolls Growth, Gross Says”

– December 3, 2010

““Ultimately, the low interest rate and the negative real interest rate is a serious detriment to savings,” Gross said. “During periods of time like this in which governments are forced to move to extraordinary measures, it’s the saver that basically f …

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“The Role of International Law in Monetary Affairs”

– December 3, 2010

“Monetary affairs have been a stronghold of national sovereignty, and international law is poorly developed in this field, which has been characterized by informal coordination. This article explores the theoretical underpinnings of monetary competitio …

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“Domestic Inflation Versus International Solvency” – Gary North

– December 2, 2010

“The nation which indulges itself with an inflationary “boom” inev itably faces the economic conse quences: either runaway inflation or a serious recession-depression. If the inflation should cease, unem ployment will increase, and the earlier forecast …

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“Fed Official Urges More Stimulus”

– December 2, 2010

“Ballooning U.S. debt is a serious long-term threat, but the economy needs more stimulus now, a top Federal Reserve official said Wednesday. Fed Vice Chairwoman Janet Yellen said she supported the Federal Reserve’s latest move to stimulate the still-te …

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“Inflation in One Page” – Henry Hazlitt

– December 1, 2010

“Prolonged inflation never “stimulates” the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment. Unemployment is mainly caused by excessive wage rates in some industries, brought about either by extortionate unio …

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“Can the Fed Become Insolvent?”

– December 1, 2010

“In light of Bernanke’s plans to purchase $600 billion of longer-term government debt, many academic economists are beginning to worry: Could the Federal Reserve itself become insolvent? In this article I’ll explain these fears and I’ll argue that the …

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Calculating the Cost of Government – The Independent Institute

– December 1, 2010

Our friends over at the Independent Institute are helping you find out just how much the U.S. government is costing you. Visit MyGovCost.org to access your Government Cost Calculator!

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“What food inflation looks like through the lense”

– December 1, 2010

“The question of China’s artificially low interest rates and currency and its effects on economies will be left for another day. However, we would like to call your attention to the always interesting China Hush pictorial on what 100 yuan (~$15) will b …

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“Totally Standard Hyper-Inflation”

– December 1, 2010

“Sure, buying and selling government debt in the open-market is how central banks control short-term interest rates. That’s why the Fed Funds rate is a target, and the actual outcome in the marketplace is instead known as the Effective Fed Funds. Biddi …

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