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: James L. Caton, J.P. Koning

powerj

How Powell can Set Right Monetary Policy and Financial Markets

– July 14, 2019

It is the perfect time for Powell to set right the financial sector and establish a return to normalcy.

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sandbox

No Sandbox for Libra

– July 2, 2019

Libra could become successful, but there are acknowledged technical issues that must be resolved for that success to happen, and they will take time.

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Here’s What Wrong With Bernie’s Plan to Eliminate Student Loan Debt

– June 28, 2019

If we want to get serious about the student loan problem, we should focus less on the point of repayment and more on the point of origination.

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princeton

Student Loan Forgiveness Is Bad Policy

– June 27, 2019

The benefits of higher education fall almost entirely on the recipient. So should the costs.

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projectlibra

If Libra Threatens Central Bank Power, that’s Great

– June 27, 2019

For hundreds of millions of citizens across the world, digital currencies like Bitcoin, Ripple, and potentially even the Libra don’t pose a threat to financial stability. They offer an escape from chronic financial instability and high and variable rates of inflation that result from poorly managed government monies.

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2008crisis

Monetary Policy 10 Years After the Crisis

– June 25, 2019

A decade has passed since the financial crisis of 2008-9. Unfortunately, the Fed is more politically exposed (and policy constrained) than ever.

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shotgunswitch

The Rise of the Shotgun Banknote Switch

– June 24, 2019

In times past the monetary authorities confined these sorts of stringent measures to war-time. Perhaps they should stay that way.

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wareverywhere

Trade War Goes Bipartisan, and the Fed Will Make It Worse

– June 20, 2019

The trade war is heating up. Unfortunately, the Fed’s current framework will exacerbate the damage.

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fincin

Cryptocurrencies, Meet the Financial Action Task Force

– June 18, 2019

Cryptocurrencies are a different sort of financial technology from bank deposits, yet they are being shoehorned into the same category for regulatory purposes.

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argentin

Should Argentina Dollarize Now?

– June 17, 2019

Let’s hope other Argentinian economists give this proposal serious consideration.

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congresspeople

Fiscal Profligacy: A Failure of Congress and the People

– June 13, 2019

Almost everybody likes receiving services from the government. Almost nobody likes paying for them.

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buildingfloor

The Zero Lower Bound was Irrelevant

– June 12, 2019

If the binding zero lower bound did not prolong the last recession, it may not prolong the next.

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