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

A Return to the Gold Standard? – Richard Ebeling

– November 11, 2010

“Monetary central planning has worked no better than any other form of central planning over the last one hundred years. The world’s central bankers – just like the central planners in the old Soviet Union – just do not have the knowledge, wisdom and a …

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Larry White on the Business Cycle

– November 11, 2010

Peter Boettke over on Coordination Problem posted an excellent video of Larry White discussing the Austrian theory of the business cycle. Enjoy!

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“Ben Bernanke’s Impossible Dream” – WSJ

– November 10, 2010

“At Jackson Hole, Mr. Bernanke explained that “if inflation expectations were too low . . . an increase in inflation expectations could become a benefit.” Well, he’s certainly succeeded in raising inflationary expectations. But rising commodity prices …

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“Fed Counts on ‘Psychological Bump’ With Borrowing, but May Just Add to Debt, Inflation”

– November 10, 2010

“Investors beware: The Federal Reserve may have just agreed to make $600 billion more available for borrowing, but don’t expect to see that money flooding the market any time soon. At least that’s the warning from some financial experts who say the Fed …

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“Sovereign Debt Concerns Weigh on Euro”

– November 9, 2010

“The euro came under pressure as worries over the finances of countries on the edges of the eurozone continued to undermine the single currency. While the cost of insuring against a default in Portuguese, Greek and Spanish government debt has risen sha …

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“The Federal Reserve’s latest quantitative easing may lead to disaster”

– November 8, 2010

“The Fed could have sat tight to see whether the slowdown in growth in the second and third quarters of 2010 was temporary. Most of the economic news since the idea of more QE was first floated in August has been better than expected, if not exactly ea …

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Democracy in Deficit

– November 8, 2010

“Vol. 8 of The Collected Works. Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. The book serves to bolster Buchanan’s central beliefs in the nec …

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“Fed’s Hoenig: Fed Needs To Increase Key Rates, Normalize Policy”

– November 5, 2010

“The Federal Reserve’s vocal dissenter stood his ground against ultraloose monetary policy Friday in a week that the Fed opened the floodgate to loose additional dollars into the system. Federal Reserve Bank of Kansas City President Thomas Hoenig on Fr …

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“What the Fed Did and Why” – Bernanke

– November 5, 2010

“The FOMC decided this week that, with unemployment high and inflation very low, further support to the economy is needed. With short-term interest rates already about as low as they can go, the FOMC agreed to deliver that support by purchasing additio …

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“Analysis: Fed’s QE2 Raises Alarm of Commodity Bubble”

– November 5, 2010

“A commodities buying spree spurred by U.S. quantitative easing has raised alarm of an inflationary bubble reminiscent of 2008 when oil and other industrial raw materials struck all-time highs before the crash. But the Reuters-Jefferies CRB index .CRB, …

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“China’s Stocks Decline for a Second Day on Inflation Concerns, Valuation”

– November 4, 2010

“China’s stocks fell for a second day on concern the government may join other Asian nations in taking measures to slow inflation and that valuations for the biggest commodity producers were excessive after last month’s rally. Jiangxi Copper Co. and Da …

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“Fed to Buy $600 Billion of Treasurys”

– November 3, 2010

“The Federal Reserve Wednesday unveiled a controversial new plan to buy U.S. Treasurys, hoping to spur growth in a disappointingly slow U.S. economy. After two days of discussions, Fed officials decided to go ahead with a much anticipated program, sayi …

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