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. The Sound Money Project also hosts an annual essay contest. 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 Cachanosky, Judge GlockAlexander W. Salter
Contributors: Brian C. Albrecht, J.P. Koning

Friday, March 26th, 2010
A few weeks ago, I wrote a piece on the effect the new healthcare bill will have on your money, namely, the inflation that will result when the new system begins to run over the budget.
Thursday, March 25th, 2010
"This paper considers inflation forecasts for 2001 under two different assumptions about productivity growth. One assumption, the optimistic one, is that productivity growth has risen above its long-run historical average and that 2001 will see near price stability.
Wednesday, March 24th, 2010
"Inflation rates vary from year to year and from currency to currency. Since 1950, the U.S. dollar inflation rate, as measured by the December-to-December change in the U.S. Consumer Price Index (CPI), has ranged from a low of −0.7 percent (1954) to a high of 13.3 percent (1979).
Tuesday, March 23rd, 2010
"The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama.
Monday, March 22nd, 2010
"Sen. Chris Dodd's latest bill to fix the financial system is another failure. After months of negotiation, he's produced a "reform" of the regulatory system that simply fails to deal with the causes of the 2008 crisis -- which nearly saw the collapse of the US banking system.
Friday, March 19th, 2010
 The creation of the euro was either the greatest historic achievement of the last century—or its worst delusion.
Thursday, March 18th, 2010
"One of the sadder categories in the history of human misfortunes is the list of those things that are obvious, but wrong. By definition, if something is obvious, most people agree with it, and thus, it is likely to win the day - but lose the verdict of history. The Earth is flat - obviously.
Wednesday, March 17th, 2010
"The Fed's own origins are evidence for this point. It is usually argued that the Fed was created to avoid the banking crises that plagued the United States in the late 19th century. That is true to an extent.
Wednesday, March 17th, 2010
"In the last several years, economists have produced numoerous studies examining both the theoretical operations and historical manifestations of unregulated banking systems. Recent examples of historical investigations are the studies by L.
Tuesday, March 16th, 2010
"Our gold standard money didn’t fail us in 1913; it was murdered. Did it deserve to die? What was its crime?
Monday, March 15th, 2010
"Mr. Dodd's bill would allow the Fed to examine any bank-holding company with more than $50 billion in assets, and large financial companies that aren't banks could be lassoed into the Fed's supervisory orbit. This came after Treasury officials pushed Mr.
Friday, March 12th, 2010
Recent developments have clearly demonstrated that "there is no such thing as a Keynesian free lunch." The grim story of fiscal crises afflicting major economies is something that should not be taken lightly. It could happen sooner than most people think if the governments of the US and other debt-ridden countries don't get their fiscal houses in order.
Friday, March 12th, 2010
On Wednesday, March 10, a Wall Street Journal article announced that the Financial Crisis Panel will be convened in early April with Alan Greenspan as the center act.
Thursday, March 11th, 2010
"An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
Wednesday, March 10th, 2010
"Trust is similar in its fragility.  At the individual level, of course, these two concepts (reputation and trust) are inter-related.  We trust those who have a trustworthy reputation, and we don't trust those who are known to be untrustworthy.
Wednesday, March 10th, 2010
"Let me say first that I believe in the benefits conferred by the free market as strongly as anybody in this country: nobody, anywhere, has yet devised a way of organising economic activity which comes close to the free market as a way of efficiently producing the goods and services which people wan
Wednesday, March 10th, 2010
"Economists do not agree about how monetary policy affects the economy. Different observers
Wednesday, March 10th, 2010
"This work provides an overview of monetary policy operating procedures in emerging market economies. Most of the discussion reflects the situation in mid-1998. The emphasis is on general principles although in practice country-specific factors condition actual procedures.

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