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

“Stimulus Measures May Lead to Another Crisis”

– February 17, 2010

“Reserve Bank of India (RBI) Governor D Subbarao expressed is fears that the stimulus packages rolled out by central banks and governments to resolve the global financial meltdown, could lead to another financial debacle. This could be in the form of c …

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“Australia Under Threat From US Economic Policy”

– February 17, 2010

“Australia’s inflation target band is a touch higher and more flexible than those of most other advanced economy central banks, such as the Bank of England’s 2 per cent target. But this has still delivered relatively stable and low inflation in the fac …

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“US Looks Abroad for Housing Help”

– February 16, 2010

“As the U.S. housing market boomed in the past decade and fueled a bull market in mortgage investments, Norway’s government-owned fund went along for the ride — and the fall.” Read more. “U.S. looks to reluctant foreign investors to help fund the hous …

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“Financial Crises and the Federal Reserve’s Punch Bowl”

– February 15, 2010

“Why did the U.S. financial system nearly collapse last year? People blame Wall Street’s excessive greed and risk-taking. But without easy money, the massive risk-taking could not have happened. To be sure, financial firms leveraged up—that is, they di …

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The Yo-Yo Tactic: Stop and Go Economics

– February 12, 2010

In an op-ed for the Wall Street Journal, Fed Chairman Ben Bernanke commented on his “exit strategy”. There is a large amount of money floating around in the economy, and the Fed is finally starting to worry about it. Thus far, banks have held back the …

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“Competing Money Supplies”

– February 12, 2010

“What would be the consequences of applying the principle of laissez-faire—that is, completely free markets—to money? While the idea may seem strange to most people, economists have debated the question of competing money supplies off and on since Adam …

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“The Financial Crisis, In Rhyme Form”

– February 11, 2010

“The volume of mortgages written back then Stunned imaginations. In a single quarter in 2003, A trillion in originations! But something happened late that year That caused long rates to rise. And that was the end of the refi boom. It came as quite a su …

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“Money and the Present Crisis”

– February 10, 2010

“It is largely a myth that unregulated financial capitalism failed and new regulation is needed. Aside from health care, financial services is the most heavily regulated industry in the economy. No part of it completely escaped regulation and most part …

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“An International Monetary Fund Currency…”

– February 9, 2010

“To alleviate the global recession, the G-20 group of nations recently agreed to authorize the International Monetary Fund to allocate $250 billion worth of Special Drawing Rights — the IMF’s unit of account — to its member states. This sparked much di …

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“Argentina Seizes the Central Bank”

– February 8, 2010

“After a month of wrangling, Argentine President Cristina Kirchner succeeded in sacking central bank President Martin Redrado last week. In his place she named Mercedes Marcó del Pont, a Yale-trained economist who has expressed the view that central ba …

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It’s October 1931

– February 5, 2010

“We are now more than two years into the Great Recession, which began in December 2007. In the Great Depression, this was the point where the Fed decided to raise interest rates to keep the dollar from depreciating (after Britain left the gold standard …

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Henry Hazlitt’s “Lenin Was Right”

– February 4, 2010

Our friends at the Foundation for Economic Education have started a From The Archives blog. The intent is to pull content from their substantial archives (featuring many famous economists such as F.A. Hayek, Henry Hazlitt, Murray Rothbard and more) and …

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