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 Monetary Theory”

– December 16, 2009

“The Monetary Theory” Chapter 3 of: Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek Gerald P. O’Driscoll, Jr. Kansas City: Sheed Andrews and MkMeel Inc., 1977.

READ MORE

“Monetary Nationalism Reconsidered”

– December 16, 2009

“Monetary Nationalism Reconsidered” from Money and the Nation State by Lawrence H. White The Independent Institute

READ MORE

“Rational Expectations, Politics and Stagflation”

– December 16, 2009

“Rational Expectations, Politics and Stagflation” Gerald P. O’Driscoll, Jr. Chapter 7 of: Time, Uncertainty and Disequilibrium: Exploration of Austrian Themes ed. Mario Rizzo Lexington, MA: Lexington Books, 1979.

READ MORE

Interest on the Debt Will Make Things Interesting

– December 16, 2009

Interest on the Debt Will Make Things Interesting The San Francisco Examiner Ralph Benko

READ MORE

“Washington Is Quietly Repudiating Its Debts”

– December 16, 2009

“Washington Is Quietly Repudiating Its Debts” Gerald P. O’Driscoll, Jr. The Wall Street Journal, August 22, 2008.

READ MORE

“Do We Really Need a Central Bank?” – A Talk by Steve Horwitz

– December 16, 2009

Economic Liberty Lecture Series: Steve Horwitz from The Future of Freedom Foundation on Vimeo. Professor Steve Horwitz, Charles A. Dana Professor of Economics at St. Lawrence University, gave a talk entitled, “Do We Really Need a Central Bank?,” during …

READ MORE

“Asset Bubbles and Their Consequences”

– December 16, 2009

“Asset Bubbles and Their Consequences” Gerald P. O’Driscoll, Jr. Cato Institute Briefing Papers, May 17, 2008. Via the Cato Institute

READ MORE

“Subprime Monetary Policy”

– December 16, 2009

“Supbrime Monetary Policy” Gerald P. O’Driscoll, Jr. The Freeman: Ideas on Liberty, November 2007 Via the Cato Institute

READ MORE

“Money and Monetary Policy for the Twenty-first Century”

– December 9, 2009

This essay challenges the conventional wisdom about money and monetary policy. The role of money in fostering prosperity is a function of the quality, as well as the quantity, of money. Inflation always harms the performance of an economy. Deflations c …

READ MORE

Two Philosophies of Money

– December 9, 2009

Two Philosophies of Money: The Conflict of Trust and Authority S. Herbert Frankel New York: St. Martin’s Press/Basil Blackwell, 1977.

READ MORE

The Rationale of Central Banking and the Free Banking Alternative

– December 9, 2009

“In the present century centralised banking systems have come to be regarded as the usual concomitant, if not one of the conditions of the attainment of an advanced stage of economic development. The belief in the desirability of central bank organisat …

READ MORE

Reflating the Bubble?

– December 9, 2009

Reflating the Bubble ThinkMarkets by Mario Rizzo

READ MORE