Topic: 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 …

Sound Money Project

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 …

Sound Money Project

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 …

Sound Money Project

Greece: Down and probably out

– April 28, 2015

This piece was originally published in Globe Asia, April 2015. By Dr. Steve H. Hanke Led by the charismatic Alexis Tsipras, the Syriza party took office in Athens on January 26th. The most prominent member of the new Prime Minister’s cabinet is Yanis V …

Sound Money Project

Op-ed: Is central banking the problem or the solution?

– April 27, 2015

Monetary policy: it doesn’t make headlines like drone stikes or police militarization, but it really should. Considering how much the decisions of central bankers affect the global economy, it makes little sense that candidates and politicians are not …

Sound Money Project

Sound Money Fellow named Chief Economist of Senate Banking Committee

– April 22, 2015

The Atlas Network’s Sound Money Project is proud to announce that Dr. Thomas L. Hogan has accepted an appointment as Chief Economist of the Senate Banking Committee. Although this means that he will be stepping down from his role as a SMP Fellow, we co …

Sound Money Project

Op-ed: Status quo on housing finance keeps failed system in place

– April 21, 2015

The following is an excerpt from a piece by Norbert Michel that was originally published by Forbes. The status quo. It’s a powerful force in Washington, D.C. No matter how destructive or inefficient an existing program, institution or system may be, it …

Sound Money Project

The Taylor Rule and the natural rate of interest

– April 20, 2015

A few weeks ago I commented on whether or not the Market Monetarist position that a 5% growth rate of NGDP (before the subprime crisis) could have been too much. The main point was that other nominal variables did not behave in accordance to what would …

Sound Money Project

Tax Day targets currency

– April 15, 2015

Today is Tax Day. Across the country, individuals are scrambling to file their tax returns, enjoying discounts from various restaurant chains and (if they’re libertarians) posting lengthy Facebook statuses that outline why taxation is theft. While it’s …

Sound Money Project

Sound money macro: A follow up

– April 13, 2015

Changes in the price level driven by productivity provide valuable information over time. Trying to offset such changes requires a costly adjustment of prices with no offsetting benefit in terms of the degree to which prices convey information about relative scarcity.

Sound Money Project

Cato launches new blog: Alt-M

– April 9, 2015

Earlier today, George Selgin, Director of the Cato Institute’s Center for Monetary and Financial Alternatives announced the launch of the Center’s new blog, “Alt-M.” We at the Sound Money Project are excited to continue to work with Dr. Selgin and his …