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: Joshua R. Hendrickson
Fellows: Scott A. Burns, James L. Caton, Nicolás Cachanosky, Judge GlockAlexander W. Salter
Contributors: Brian C. Albrecht, J.P. Koning

Wednesday, January 6th, 2010
This paper examines the effects of inflation uncertainty on real economic activityb y utilizing a flexible, dynamic,m ultivariatef rameworkt hata ccom-modates possible interaction between the conditional means and variances.
Wednesday, January 6th, 2010
"Neoclassical treatments of inflation understate the costs associated with inflation, even at very low levels.
Wednesday, January 6th, 2010
"There is much evidence that common stock returns and inflation have been negatively related during the post-1953 period. Zvi Body, Jeffrey Jaffe and Gershon Mandelker, Charles Nelson, and my article with G.
Wednesday, December 16th, 2009
"President Obama rammed through his new stimulus bill, warning of an irreversible recession if Congress failed to act. But bestselling author Thomas E. Woods Jr. warns that Obama's "stimulus package" will do far more damage to our economy than even the Republicans in Congress realize.
Wednesday, December 16th, 2009
"Currency crises have become more and more frequent in part because speculators can mobilize more and more money. A generation ago, central banks, like the U.S. Federal Reserve System, had more money than anyone else and weren’t afraid to use it to punish speculators.
Wednesday, December 16th, 2009
Bernanke is Time's Person of the YearSteve Horwitz The Austrian Economists
Wednesday, December 16th, 2009
Ron Paul talks inflation and economics with CNN.
Wednesday, December 16th, 2009
"Nobel Economics Laureate F.A. Hayek summed up the enigma of money succinctly:
Wednesday, December 16th, 2009
Are monetary and banking problems due to a few misguided policies or incompetent managers? Or are there fundamental flaws in monetary and financial institutions, principally central banks and the legal and monetary frameworks that accompany them? "Gold Standard Policy and Limited Government"
Wednesday, December 16th, 2009
"My essay on causes of the financial mess focused on trying to identify the initial “impulses” that set the boom-bust cycle in motion because (as this symposium shows) economists have a variety of views about the impulses, and because identifying them correctly is our best hope for avoiding policy m
Wednesday, December 16th, 2009
"Our ongoing financial turmoil began in the mortgage market.
Wednesday, December 16th, 2009
Wednesday, December 16th, 2009
"Monetary Nationalism Reconsidered"from Money and the Nation Stateby Lawrence H. WhiteThe Independent Institute
Wednesday, December 16th, 2009
"Rational Expectations, Politics and Stagflation" Gerald P. O'Driscoll, Jr. Chapter 7 of:Time, Uncertainty and Disequilibrium: Exploration of Austrian Themesed. Mario Rizzo Lexington, MA: Lexington Books, 1979.
Wednesday, December 16th, 2009
"Washington Is Quietly Repudiating Its Debts"Gerald P. O'Driscoll, Jr. The Wall Street Journal, August 22, 2008.
Wednesday, December 16th, 2009
"Asset Bubbles and Their Consequences"Gerald P. O'Driscoll, Jr. Cato Institute Briefing Papers, May 17, 2008. Via the Cato Institute
Wednesday, December 16th, 2009
"Supbrime Monetary Policy"Gerald P. O'Driscoll, Jr. The Freeman: Ideas on Liberty, November 2007 Via the Cato Institute
Wednesday, December 9th, 2009
This essay challenges the conventional wisdom about money and monetary policy. The role of money in fostering prosperity is a function of the quality, as well as the quantity, of money. Inflation always harms the performance of an economy.

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