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, 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.
Wednesday, December 9th, 2009
Two Philosophies of Money: The Conflict of Trust and AuthorityS. Herbert Frankel New York: St. Martin's Press/Basil Blackwell, 1977.
Wednesday, December 9th, 2009
"In the present century centralised banking systems have come to be regarded as the usual concomitant, if not one of the conditions of the attainment of an advanced stage of economic development. The belief in the desirability of central bank organisation is universal.
Wednesday, December 9th, 2009
"We don't use the word nationalize any more. We can try an experiment and read the new term "conservatorship" back into history. In fact, we might say that Stalin and Lenin put Russia's industries under a kind of conservatorship.
Wednesday, December 9th, 2009
Wednesday, December 9th, 2009
A History of American CurrencyWilliam Graham Sumner New York: Henry Holt and Company, 1884.
Wednesday, December 9th, 2009
"The economic analysis of juridical institutions has come to the fore in recent years and promises to become one of the most fruitful spheres of economics.
Wednesday, December 9th, 2009
What You Should Know About InflationHenry Hazlitt Excerpt provided by the Ludwig von Mises InstituteComplete text found here.
Wednesday, December 9th, 2009
Theory of Money and CreditLudwig von Mises Copyright 1981 by Liberty Fund Inc.
Wednesday, December 9th, 2009
The Ethics of Money ProductionJ. Guido Hulsmann Copyright 2008 by the Ludwig von Mises Institute
Wednesday, December 9th, 2009
Fiat Money Inflation in France: How it came, what brought it and how it endedAndrew Dickinson White New York: D. Appelton & Co., 1896.
Wednesday, December 9th, 2009
Inflation is the result of more dollars chasing the same number of (or fewer) goods. As the Nobel laureate Milton Friedman put it, in one of his main contributions to “monetarist” economics, inflation is always and everywhere a monetary phenomenon—that is, it’s caused by an expansion in the supply of money or credit. So why haven’t we seen inflation in 2009? Are we looking in the wrong places, or is it time to update monetarist theory?

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