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. JordanGerald P. O’Driscoll, Jr., Lawrence H. White
Director: William J. Luther
Senior Fellows: Gerald P. DwyerJoshua R. Hendrickson
Fellows: Scott A. Burns, James L. Caton, Nicolás CachanoskyAlexander W. Salter
Contributors: Brian C. Albrecht, J.P. Koning

Financial Services and Hate Speech

– December 17, 2019

The battle over financial deplatforming isn’t going to go away. Before we act, let’s be sure we’ve thought things over.


PayPal, Pornhub, and Financial Inclusion

– November 21, 2019

While PayPal’s de-risking of PornHub is unfortunate, there are many alternative payment options available to PornHub’s content providers. Competition saves the day. For now, at least.


Hidden Intervention: Political Motivations Driving Fed Policy

– November 8, 2019

The Federal Reserve is subsidizing the Treasury. The apparent trouble in overnight markets appears to have provided an excuse to quietly reengage in the now decade-old program of support.


The Gamification of Bitcoin

– November 7, 2019

It’s possible that bitcoin-as-game will stay popular for a very long time. And if it does, that could be a good thing.


The Ideal Money Is Global

– November 6, 2019

The optimal currency area is the maximum currency area.


Krugman’s Zombie Idea: We Owe It to Ourselves

– November 6, 2019

Paul Krugman claims that the national debt doesn’t matter because “we owe it to ourselves.” This “zombie idea” is dead wrong.


The IMF and Argentina: Same Dance, Same Results

– November 1, 2019

Aid from the IMF and other organizations might even make matters worse by shielding policy makers from the consequences of their policies.


Banking Unbanked Bitcoiners

– October 31, 2019

For now, volatility and lack of user-friendliness have limited the ability of cryptocurrencies to reach the populations of unbanked and debanked.


Nigeria’s Cash Tax Is a Bad Idea

– October 22, 2019

Nigeria is one of Africa’s most influential nations. But other African countries should think twice before emulating its costly cash policy.


The Fed Should Not Paper Over the President’s Policy Errors

– October 11, 2019

Printing money cannot dry up a flood or produce more rainfall in a drought. And it cannot fix the very real problems that result from a trade war.