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

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.
Wednesday, March 10th, 2010
"There is a debt crisis in the making. It is international. Every industrial nation on earth faces a crisis that could dwarf the crisis of the 1930’s.
Tuesday, March 9th, 2010
"Michael Belongia of the University of Mississippi and former economist at the St. Louis Federal Reserve talks with EconTalk host Russ Roberts about the inner workings, politics, and economics of the Federal Reserve.
Monday, March 8th, 2010
"In the fall of 2008, the credit squeeze, which had emerged a little more than a year before, ballooned into Wall Street’s biggest crisis since the Great Depression.
Friday, March 5th, 2010
Last August, Ramesh Ponnuru, senior editor for National Review magazine and a contributor to many leading newspapers such as the New York Times, the Washington Post and the Wall Street Journal, published a Ti
Thursday, March 4th, 2010
"Any discussion of the costs of a gold standard and of the controversy that surrounds this issue is, by its very nature, a one-sided discussion. The comparison of alternative standards on the basis of costs will not be meaningful unless the corresponding benefits are brought into view.
Wednesday, March 3rd, 2010
Atlas is going to hold a Teach Freedom Initiative (TFI) is a half-day conference on sound money on April 9th, 2010, at the Sheraton Society Hill Hotel in Philadelphia, before the Philadelphia Society Meetin
Wednesday, March 3rd, 2010
The Sound Money Project has secured a panel at the 2010 Association of Private Enterprise Education Conference in Las Vegas. Among the authors on this panel are Dr. Edward Stringham, Dr. Gerald O’Driscoll, Jr., and Atlas’s own Marius Gustavson, Leonard Liggio, and Alejandro Chafuen.
Wednesday, March 3rd, 2010
"The 1970s was a decade of stagflation — the concurrence of a rising inflation rate and stagnant economic growth. The U.S. economy has not now reached the double-digit inflation rate (almost 15% by 1981), or the 9% unemployment rate, experienced back then.
Tuesday, March 2nd, 2010
"By Shih’s count, China’s debt may reach 39.838 trillion yuan ($5.8 trillion) next year. His forecast for debt-to-GDP compares with an International Monetary Fund estimate for China of 22 percent this year, which excludes local-government liabilities. The IMF sees Spain at 69.6 percent, the U.S.
Monday, March 1st, 2010
Economists Peter Boone and Simon Johnson think the economic system could be stuck in a “doomsday cycle”: