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, February 22nd, 2010
The Atlas Sound Money Project is proud to announce the winners of its 2010 Atlas Sound Money Essay Contest.
Monday, February 22nd, 2010
"There are plenty of experts who argue that the Fed should move sooner rather than later to raise the federal funds rate, its key lending rate that is used as a benchmark for the interest paid on credit cards, home equity loans and many business loans.
Friday, February 19th, 2010
The Fed made what it claims is a minimal change in strategy today, as it raised the emergency loan rate today from 0.5%.
Friday, February 19th, 2010
"On Wednesday, February 10, Federal Reserve Chairman Ben Bernanke was expected to appear before the House Committee on Financial Services to testify on the Fed’s extraordinary measures taken during the financial crisis, and how the Fed is planning to unwind them.
Friday, February 19th, 2010
"Inflation targeting has become a favored policy among many central banks world-wide, but the BOJ has resisted it, fearing Japan's strong downward bias in prices would prevent the bank from ever raising interest rates. Instead it has relied on a softer price guidance in determining policy.
Friday, February 19th, 2010
Lawrence H. White speaks to students attending FEE's 2009 Young Scholars Colloquium at Northwood University. To see the full video, please go here.
Thursday, February 18th, 2010
"The mounting political tension between U.S. and China is poised to take on a more pronounced economic component—with Washington, in coming months, expected to press China over what officials see as an undervalued yuan.
Wednesday, February 17th, 2010
"Inflation in the U.K. hit 3.5% annually in January, a level that required central banker Mervyn King to write a letter of explanation to the Treasury. Mr. King lays the blame for the price uptick largely at the feet of idiosyncratic factors. These include the Jan.
Wednesday, February 17th, 2010
"China sees a clear link between America's ability to stand up for human rights and its economic interests—and Beijing isn't afraid to exploit it. Mr. Weiqun was bluntly reminding the U.S.
Wednesday, February 17th, 2010
The Atlas Economic Research Foundation and the Sound Money Project welcome Dr. Judy Shelton as a new Senior Fellow. As an economist specializing in global finance and monetary issues, Dr.
Wednesday, February 17th, 2010
"Reserve Bank of India (RBI) Governor D Subbarao expressed is fears that the stimulus packages rolled out by central banks and governments to resolve the global financial meltdown, could lead to another financial debacle.
Wednesday, February 17th, 2010
"Australia's inflation target band is a touch higher and more flexible than those of most other advanced economy central banks, such as the Bank of England's 2 per cent target. But this has still delivered relatively stable and low inflation in the face of wide swings in the Australian dollar.
Monday, February 15th, 2010
"Why did the U.S. financial system nearly collapse last year? People blame Wall Street’s excessive greed and risk-taking. But without easy money, the massive risk-taking could not have happened. To be sure, financial firms leveraged up—that is, they did a lot of business with borrowed money.
Friday, February 12th, 2010
In an op-ed for the Wall Street Journal, Fed Chairman Ben Bernanke commented on his “exit strategy”.
Friday, February 12th, 2010
"What would be the consequences of applying the principle of laissez-faire—that is, completely free markets—to money? While the idea may seem strange to most people, economists have debated the question of competing money supplies off and on since Adam Smith’s time.
Thursday, February 11th, 2010
"The volume of mortgages written back then Stunned imaginations. In a single quarter in 2003, A trillion in originations! But something happened late that year That caused long rates to rise. And that was the end of the refi boom. It came as quite a surprise."
Wednesday, February 10th, 2010
"It is largely a myth that unregulated financial capitalism failed and new regulation is needed. Aside from health care, financial services is the most heavily regulated industry in the economy.
Tuesday, February 9th, 2010
"To alleviate the global recession, the G-20 group of nations recently agreed to authorize the International Monetary Fund to allocate $250 billion worth of Special Drawing Rights — the IMF's unit of account — to its member states.
Monday, February 8th, 2010
"After a month of wrangling, Argentine President Cristina Kirchner succeeded in sacking central bank President Martin Redrado last week.