Sound Money

Thursday, December 14th, 2017

The Fed's balance sheet crowds out bank lending, stifling economic growth.

Wednesday, December 13th, 2017

Banning Bitcoin might have the unintended consequence of causing the average citizen to think a lot harder about why governments have a monopoly on currency in the first place.

Monday, December 11th, 2017

Coinage provided an easy-to-assess standard. It also presented a significant temptation for the fiscal authority.

Thursday, December 7th, 2017

Chartalists are right: debt preceded money. But that fact doesn’t do the work they think it does.

Tuesday, December 5th, 2017

The price of bitcoin has soared and many are left scratching their heads.

Monday, December 4th, 2017

Is bitcoin based on a Marxist theory of value?

Thursday, November 30th, 2017

There are two reasons monetary policy cooperation might backfire.

Tuesday, November 28th, 2017

Banning cash is inconsistent with the liberal tradition. It is the way of despots.

Thursday, November 23rd, 2017

Money is not about one person in isolation. It is social.

Wednesday, November 22nd, 2017

To anyone familiar with free banking systems, the answer is obvious.

Monday, November 20th, 2017

Customers can now send mobile money to those on competing networks.

Wednesday, November 15th, 2017

If we want sound money, we cannot afford to ignore the political process.

Monday, November 13th, 2017

whirlwind tour through alternative theories would seem to suggest one fits much more comfortably with a pro-liberty worldview than another.

Friday, November 10th, 2017

The high price of bitcoin serves as a reminder of its rigid supply, which might ultimately be its undoing.

Wednesday, November 8th, 2017

Economists might wish it were otherwise, but the Fed is not independent.

Monday, November 6th, 2017

Financial innovation reduces the costs of transacting and storing wealth.

Thursday, November 2nd, 2017

Cash can be converted to goods all but instantly, but provides the holder of cash no interest.

Wednesday, November 1st, 2017

Indians accomplished in mere months something that took Europeans ten years.

Thursday, October 5th, 2017

On October 3, the Committee for Monetary Research and Education held a dinner in New York City featuring four distinguished speakers on the topic of blockchain technology versus fiat currency.

Thursday, August 3rd, 2017

The previous post presented Hayek’s knowledge problem in the context of the economic calculation debate under socialism. We discussed the distinction (sometimes overlooked) between information and knowledge .