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, January 29th, 2010
"China hopes cooling the pace of lending will keep its economy growing without creating inflation and overheating." See the CNN video here.
Thursday, January 28th, 2010
"Federal Reserve Chairman Ben Bernanke has explained his exit strategy to prevent future inflation. The Fed recently began to pay interest to banks on the reserves they hold in their vaults.
Wednesday, January 27th, 2010
"A history of the Federal Reserve is a history of the decisions made and the ideas that prompted them. The chapters that follow allow the participants to explain their action and the reasons for them, in their own words.
Tuesday, January 26th, 2010
"Prices rise soonest, fastest, and highest where the money is being loaned out. During the realestate boom until 2007, much of the lending went to real estate, and land values zoomed up.
Monday, January 25th, 2010
"In all countries of the so-called 'free world,' money represents nowadays a government controlled irredeemable paper, or 'fiat,' money standard.
Friday, January 22nd, 2010
The Obama administration thinks it has found the cure all for its economic woes. The solution: regulate, restrict and play God in the economy.
Thursday, January 21st, 2010
"The U.K.'s economic policy puzzle just got harder. Inflation was expected to rise in December, but not by a full percentage point to 2.9%. That is well above market expectations of 2.6% and the Bank of England's forecast of about 2.7%.
Thursday, January 21st, 2010
"Examples of the move from piecemeal to comprehensive intervention are found in the 1930s after the collapse of social democratic policies in Weimar Germany and in the United States after the failed interventions of the Hoover administration.
Wednesday, January 20th, 2010
On February 5, 2010, our friends at the Cato Institute will be hosting a Capitol Hill Briefing, "Greed, Irresponsibility, or Policy Mistakes: What Caused the Recession?".
Wednesday, January 20th, 2010
Mike Van Winkle interviews Professors Peter Boettke and Steven Horwitz, co-authors of the recent FEE monograph “The House That Uncle Sam Built,” about what led to the financial meltdown and the Great Recession of 2008.
Wednesday, January 20th, 2010
"I use the term to mean laissez-faire banking — banking without any special government regulations or restrictions. Like free trade, it’s an ideal concept. It doesn’t refer to any specific or actual banking system, although some, like Scotland’s in the early 19th century, came close.
Tuesday, January 19th, 2010
"Like a post office, a central bank does useful things. That fact that it does useful things does not make either institution efficient, at least not in its present-day form as a government agency.
Monday, January 18th, 2010
"Rep. Ron Paul (R-Texas), the libertarian-leaning congressman and failed 2008 GOP presidential candidate, has been suspicious of the Federal Reserve since before first entering Congress in 1976.
Friday, January 15th, 2010
"In my despair about the hopelessness of finidng a politically feasible solution to what is technically the simplist possible problem, namely to stop inflation, I threw out in a lecture delivered about a year ago a somewhat startling suggestion, the further pursuit of which has opened quite unexpect
Friday, January 15th, 2010
"Now is the time to examine the proper functions of the Federal Reserve System–especially those of the Board–and make systemic changes.
Friday, January 15th, 2010
"Congress is on a spending binge. With all the calls for bailouts, economic stimulus and other assorted handouts, there is a real risk of inflation in our future.
Thursday, January 14th, 2010
Our friends at the Cato Institute hosted their 27th Annual Monetary Conference: Restoring Global Financial Stability on November 19th, 2009.
Wednesday, January 13th, 2010
"With the massive increases in federal spending, inflation is one of the risks that awaits us. To protect us from the political demagoguery that will accompany that inflation, let's now decide what is and what is not inflation.
Wednesday, January 13th, 2010
In something of a reversal of the usual government policies to keep prices high, the government of Venezuela is going to great lengths to keep prices low, even in the face of inflation.