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

In Search of a Monetary Standard: A Review of Robert Hetzel’s The Federal Reserve: A New History

– June 28, 2023

“The price system worked exceptionally well precisely because the Fed had successfully established a credible nominal anchor. As a result, the economy could sustain a historically low unemployment rate.” ~ Bryan P. Cutsinger

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President Biden’s Inflation Malarkey

– June 20, 2023

“Dollar depreciation is why prices are rising. The Fed’s monetary policy, aided and abetted by the President’s and Congress’s massive deficits, are the real cause.” ~ Alexander W. Salter

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What Should The Fed Do When It Hasn’t Done What It Should’ve Done?

– June 17, 2023

“We are likely at the point where the risk of doing too much exceeds the risk of doing too little. It makes sense for the Fed to hold for now, and see how the incoming data looks over the next few months.” ~ William J. Luther

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American Economic Renewal: Demand-Side Foundations of Supply-Side Prosperity

– June 12, 2023

“The economic might of the United States is built on free enterprise. The assaults on private property and the rule of law by Washington insiders threaten the system on which our prosperity depends.” ~ Alexander W. Salter

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Are GOP Presidential Contenders Prepared to Take On the Fed?

– June 5, 2023

“There’s no time to lose. Aspiring Republicans must get serious about fixing the Fed.” ~ Alexander W. Salter

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Two Cheers for Gramm and Solon

– May 31, 2023

“Excessive government spending makes us less productive than we otherwise would be, resulting in a permanently lower level of employment and output.” ~ Alexander W. Salter

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Waller Offers Common Sense View on Financial Risks of Climate Change

– May 29, 2023

“Climate-related innovation does not seem to pose a unique risk to the financial system. And lenders have a long history of adapting to technological innovation.” ~ Bryan Cutsinger

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Has the Disinflation Process Stalled?

– May 26, 2023

“Fed officials may worry that the disinflation process has stalled. For this reason, the latest data likely increases uncertainty about the future course of monetary policy.” ~ William J. Luther

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What’s Next for the Fed?

– May 22, 2023

“A wide range of outcomes are still possible for 2023, ranging from stagflation to a ‘soft landing.'” ~ Thomas L. Hogan

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The Greedflation Myth

– May 20, 2023

“Politicians on the left would like us to believe inflation is caused by greedy corporations. And some academics are all too happy to provide them with theoretical cover.” ~ William J. Luther

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Three Proposals for Price Stability

– May 20, 2023

“As a ‘dark horse’ candidate, Ramaswamy has a greater burden of proof before the electorate. He needs to prove his policy proposals are a cut above his rivals’.” ~ Alexander W. Salter

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Can the Fed Continue to Fight Inflation without Risking a Financial Crisis?

– May 18, 2023

“In principle, the Fed has the ability to provide liquidity to the banking system while simultaneously reducing the incentives banks have to make loans.” ~ Bryan Cutsinger

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