Topic: Sound Money Project

More on money and interest rates

– June 15, 2015

A confusion arising from the popular usage of the word “money” is that bankers claim to lend money and bank customers claim to borrow money. But, people do not increase their indebtedness in order to hold greater idle cash balances! The extension of cr …

Sound Money Project

Old money: How the Fed’s actions harm millennials

– June 8, 2015

By Diana Furchtgott-Roth and Jared Meyer In our new book, Disinherited: How Washington Is Betraying America’s Young, we show how government policy is biased towards older people and creates an environment that systemically works against young Americans …

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 …

Sound Money Project

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 …

Sound Money Project

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 …

Sound Money Project

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.

Sound Money Project

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, …

Sound Money Project

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 …

Sound Money Project

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 …

Sound Money Project

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 …

Sound Money Project

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 …

Sound Money Project

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 …