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

Monday, April 5th, 2010
"But while capitalism may be a convenient scapegoat, it did not cause any of these problems. Indeed, whatever one wishes to call the unruly mixture of freedom and government controls that made up our economic and political system during the last three decades, one cannot call it capitalism.
Friday, April 2nd, 2010
Our friends at the GMU Economics Society & the Future of Freedom Foundation invite you to the last installment of the Economic Liberty Lecture Series of this year with Dr. Richard Ebeling.
Thursday, April 1st, 2010
"The new requirements form part of new guidance from the Office of Fair Trading (OFT) to counteract irresponsible lending. '[We] expect all consumer credit businesses to fully comply with both the word and spirit of this guidance,' the OFT said.
Wednesday, March 31st, 2010
"The unemployment rate in the euro area inched up to touch double digits in February, while inflation accelerated more than economists had forecast, probably a result of higher food and oil prices, according to data released Wednesday.
Wednesday, March 31st, 2010
"The Seigniorage Curse appears to hollow out the economy by the following manner: First, the premium charged to holders of dollars becomes a new source of accrued, aggregate revenue.
Wednesday, March 31st, 2010
"Alan Greenspan, Ben Bernanke, and the rest of the crew running economic policy somehow could not see the housing bubble as it grew to more than $8tn. It really should have been hard to miss. Nationwide house prices had just tracked overall inflation for 100 years from 1895 to 1995.
Tuesday, March 30th, 2010
"Chinese economists and business leaders have begun to call openly for their government to allow the yuan to appreciate against the dollar, in a sign that the issue is contentious here, too, and not just a problem between the United States and China.
Monday, March 29th, 2010
"One part of Alastair Darling’s Budget that appears to have received little attention from the media is his plan for a 'Credit Adjudication Service'. This new body, it appears, will provide an appeals process for small and medium businesses that have been denied credit by banks.
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.

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