Topic: Sound Money Project

Op-ed: Trade agreements need rational provisions to end currency manipulation

– June 5, 2015

It’s a well-known fact among economists of nearly every stripe that global trade is an engine of prosperity, especially for developing nations with a crucial need for access to international markets. The proposed Trans-Pacific Partnership trade agreeme …


Ten things every economist should know about the gold standard

– June 4, 2015

This piece was originally published by Alt-M By George Selgin At the risk of sounding like a broken record (well, OK–at the risk of continuing to sound like a broken record), I’d like to say a bit more about economists’ tendency to get their monetary h …

money, federal reserve

Evaluating quantitative easing

– June 3, 2015

This piece was originally published in Alt-M By Gerald P. O’Driscoll In my prior post, “The Futility of Stimulus,” I examined whether Federal Reserve Policy has provided economic stimulus.  I employed standard measures of money-supply growth to evaluat …

Ben Bernanke

Ben Bernanke, Austrian macro economist

– June 1, 2015

Self-styled Austrians have a tendency to overstate the differences in the Austrian business cycle theory and that of so-called mainstream economists.


Venezuela: No rule of law, bad money

– May 27, 2015

This article appeared in the June 2015 issue of Globe Asia. By Dr. Steve H. Hanke The rule of law subjects the State to a fixed set of rules that limits the scope of its coercive powers. Individuals and their property are protected from the arbitrary, …


What does monetary policy have to do with interest rates?

– May 20, 2015

Very little, really.  Despite what we teach our students in Principles classes, and in some more advanced classes on Macroeconomics and Money & Banking, the relationship between changes in the stance of monetary policy and changes in interest rates …


Shock or gradualism?

– May 18, 2015

Big economic crises or situations of economic distress usually put pressure on policy makers to embark upon economic reforms. If the situation is troubled enough, then whether the reforms should all be done at once (shock) or step-by-step over time (gr …

federal reserve building, chicago

Op-ed: Reckoning for the Fed

– May 13, 2015

It’s happening. People are finally starting to realize that the Federal Reserve’s policies might not be working and central bankers are going on the defensive. At least former Fed Chairman Ben Bernanke did when, in response to a recent editorial in The …

gold money

Gold-backed money must be private money

– May 11, 2015

Dr. Jordan’s article appeared in the Spring/Summer 2015 edition of the Cato Journal. “I am convinced we shall never have good money again so long as we leave it in the hands of government. Government has always destroyed the monetary systems.” Friedric …


Monetary equilibrium and monetary institutions

– May 6, 2015

I am very excited to join the Sound Money Project and contribute to the understanding of monetary systems that are conducive to economic stability.  To begin, I would like to describe how I think about monetary theory at a general level, and how this i …


Alexander W. Salter joins the Sound Money Project team

– May 4, 2015

It has truly been an exciting year for the Atlas Network’s Sound Money Project and Washington’s monetary policy community. From meetings with Federal Reserve Chairwoman Janet Yellen to the opening of new monetary policy centers, SMP has been at the for …


Should central banks target NGDP?

– May 4, 2015

That was the topic of a conference organized by the Center for Free Enterprise at West Virginia University that took place on Saturday, April 25. The conference was divided in two sessions: one where theoretical aspects of NGDP were discussed and anoth …