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, Gerald P. O’Driscoll, Jr., Lawrence H. White
Director: William J. Luther
Senior Fellows: Gerald P. Dwyer, Joshua R. Hendrickson, Nicolás Cachanosky, Alexander W. Salter, Thomas L. Hogan
Fellows: Scott A. Burns, James L. Caton, Brian C. Albrecht
Contributors: J.P. Koning
With Argentina in Default, Economists Call for Good Faith Negotiations
“Argentina’s economic troubles are self-imposed. They are not the fault of its creditors, who just want to be repaid as promised. Any good-faith solution to Argentina’s problems must start by recognizing the real problem: large fiscal deficits.” ~ Nicholas Cachanosky
READ MORE
It’s Time for a Taxpayer Debit Card
“Distributing EIP cards instead of checks should reduce the government’s costs of paying relief, speed up the payments pipeline, and provide Americans with a cheaper way of accessing funds than going to check cashing outlets.” ~ J.P. Konig
READ MORE
Fed Lending Programs Might Be Legal, but They’re Still Bad Policies
“Congress should not use the Fed to accomplish fiscal goals through monetary means. There is no good reason to give the Fed a free pass just because their irresponsible decisions come with statutory cover.” ~ Alexander W. Salter
READ MORE
The Thin Green Line
“The Fed has again taken unprecedented action to respond to a crisis. Unfortunately, it has gone further towards erasing the separating monetary and fiscal policy, to the detriment of both.” ~ Scott Burns
READ MORE
R.I.P. Richard H. Timberlake
“Timberlake provided a blueprint for future sound money scholars to conduct thorough and well-respected research on monetary theory and history.” ~ Scott Burns
READ MORE
Powell Admits that the Fed’s Actions Vastly Exceed Its Mandate
“Powell admits what’s happening now is outside the Fed’s purview. And, yet, the Fed is doing more than ever.” ~ Alexander Salter
READ MORE
The Fed is Failing, Again
The Fed has refused to do the sensible thing. Rather than focusing on monetary stability, it has embarked on a host of misguided experiments that threaten the long-run integrity of markets.
READ MORE
Negative Interest Rates: A Free Market Phenomenon
Negative interest rates are not unnatural. They are a regular phenomenon in unregulated free markets.
READ MORE
Stay-at-Home Orders and the Willingness to Stay Home
It has become common, in times of crisis, to ask: what will the government do to fix this? And there is certainly a lot that state and federal governments can do. The lesson I hope we will learn from this pandemic, however, is that there is much that can be accomplished locally as well.
READ MORE
Even In a Crisis, Student Loan Forgiveness Is Bad Policy
We should help those who are struggling right now. And we should do so quickly. Student loan debt forgiveness does not do that very much or very well.
READ MORE
Download AIER’s Urgent Report on Pandemics and Freedom!