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

“The Fed Weighs In on Credit Card Reform”

– June 7, 2010

“Last year, when Congress passed the Credit Card Accountability, Responsibility and Disclosure Act, it declined to extend new consumer protections against certain card company practices to small business accounts. This was in part because some legislat …

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“AIG Repayment Prospects Fade”

– June 4, 2010

“Taxpayers have lent AIG $132.6 billion, but the probability that the government would recoup all of those funds fell even further this week after the insurer failed to complete a crucial asset sale.  AIG had agreed in March to sell Asian life insuranc …

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“Fed Bank Chief Calls for Interest Rate Hikes”

– June 4, 2010

“Thomas Hoenig, the head of the Federal Reserve Bank of Kansas City, is cementing his reputation as the best friend of savers with money in the bank. Hoenig, who has a seat on the Fed’s interest-rate committee, on Thursday called for the central bank t …

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What Financial Re-Regulation?

– June 3, 2010

“In two weeks, I am supposed to speak on a panel entitled “Financial Re-regulation.” My question is, what re-regulation? To me, re-regulation means you would reverse some step that you took toward deregulation. But the new financial reform bill does no …

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Implicit Inflation

– June 3, 2010

The problem of inflation is a major concern in economics; it gives rise to economic discoordination and affects the distribution of wealth. Among most economists, inflation is generally seen just as a sustained increase in the level of prices, and not …

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“Bernanke Continues Fight Against More Fed Scrutiny”

– June 2, 2010

“With Congress getting close to finalizing an overhaul of the nation’s financial-regulatory system, Federal Reserve Chairman Ben Bernanke weighed in against provisions in the proposed legislation that would subject the central bank to more political sc …

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Bank of Canada Raises Overnight Rate

– June 2, 2010

“The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus …

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Crisis Risk Moves from Credit to Politics

– June 2, 2010

“The causes of the global financial crisis of 2008 were almost entirely flaws in the credit system based on leverage, exotic financial instruments, and a sharp drop in American housing prices. Just as that cycle has begun to end,  and GDP in major nati …

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Doug Bandow Reviews “Money, Markets and Sovereignty”

– June 2, 2010

“The era of laissez-faire capitalism is over, it is said, as if the era of laissez-faire capitalism ever really began. Still, globalization has helped open markets around the world. At a time of economic crisis, Benn Steil and Manuel Hinds mount a well …

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Bill Anderson on the Weak Dollar

– June 2, 2010

“Mike Van Winkle asks Prof. Bill Anderson of Frostburg State University What is a weak dollar? And why does it matter?” Listen in here. First Principles Episode 12: The weak dollar; does it matter? Via the Foundation for Economic Education. Image by re …

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Exonerating the Community Reinvestment Act by Steve Horwitz

– June 2, 2010

In my various talks and written work on the financial crisis and the recession, I’ve taken pains to minimize the responsibility assigned to the Community Reinvestment Act for causing the high-risk loans that led to so much trouble. This point often bot …

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2010 CMRE Conference Summary by Leonard Liggio

– June 2, 2010

On Thursday, May 20, the Committee for Monetary Research & Education (CMRE) held a meeting on the state and future of the dollar. The focus of the meeting was to shed light on the question: “Is the Dollar a Zombie?” The admirable James Grant recent …

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