Topic: Sound Money Project

Without Sound Money, Markets Fail

– December 16, 2009

“Nobel Economics Laureate F.A. Hayek summed up the enigma of money succinctly: “Money, the very “coin” of ordinary interaction, is [hence] of all things the least understood and—perhaps with sex—the object of greatest unreasoning fantasy; and like sex …

Sound Money Project

“Gold Standard Policy and Limited Government”

– December 16, 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 …

Sound Money Project

“A Match Can Cause a Forest Fire: A Response to Brad DeLong”

– December 16, 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 …

Sound Money Project

“What Really Happened”

– December 16, 2009

“Our ongoing financial turmoil began in the mortgage market. Real-estate loans at commercial banks grew at a remarkable 12.26 percent compound annual rate over the four-year period from the midpoint of 2003 to the midpoint of 2007.[1] The expanded volu …

Sound Money Project

“The Monetary Theory”

– December 16, 2009

“The Monetary Theory” Chapter 3 of: Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek Gerald P. O’Driscoll, Jr. Kansas City: Sheed Andrews and MkMeel Inc., 1977.

Sound Money Project

“Monetary Nationalism Reconsidered”

– December 16, 2009

“Monetary Nationalism Reconsidered” from Money and the Nation State by Lawrence H. White The Independent Institute

Sound Money Project

“Rational Expectations, Politics and Stagflation”

– December 16, 2009

“Rational Expectations, Politics and Stagflation” Gerald P. O’Driscoll, Jr. Chapter 7 of: Time, Uncertainty and Disequilibrium: Exploration of Austrian Themes ed. Mario Rizzo Lexington, MA: Lexington Books, 1979.

Sound Money Project

Interest on the Debt Will Make Things Interesting

– December 16, 2009

Interest on the Debt Will Make Things Interesting The San Francisco Examiner Ralph Benko

Sound Money Project

“Washington Is Quietly Repudiating Its Debts”

– December 16, 2009

“Washington Is Quietly Repudiating Its Debts” Gerald P. O’Driscoll, Jr. The Wall Street Journal, August 22, 2008.

Sound Money Project

“Do We Really Need a Central Bank?” – A Talk by Steve Horwitz

– December 16, 2009

Economic Liberty Lecture Series: Steve Horwitz from The Future of Freedom Foundation on Vimeo. Professor Steve Horwitz, Charles A. Dana Professor of Economics at St. Lawrence University, gave a talk entitled, “Do We Really Need a Central Bank?,” during …

Sound Money Project

“Asset Bubbles and Their Consequences”

– December 16, 2009

“Asset Bubbles and Their Consequences” Gerald P. O’Driscoll, Jr. Cato Institute Briefing Papers, May 17, 2008. Via the Cato Institute

Sound Money Project

“Subprime Monetary Policy”

– December 16, 2009

“Supbrime Monetary Policy” Gerald P. O’Driscoll, Jr. The Freeman: Ideas on Liberty, November 2007 Via the Cato Institute