Topic: Sound Money

In Money We Trust (Documentary by Steve Forbes)

– June 6, 2019

The origin of money, the history of central banks, the operation and destruction of the gold standard, the rise of inflation and massive government debt, the disastrous bailouts of 2008 – it’s all covered in an outstanding hour-long documentary appearing on PBS stations called In Money We Trust.

Free Trade, Sound Money

U.S. Dollar Supremacy Could Quickly Fade

– June 4, 2019

The greatest risk to the US dollar may, in fact, come from within. The imposition of tariffs and sanctions create an opportunity for other countries to engage in bilateral trade. The decision to withdraw from the free trade initiatives such as the TPP and T-TIP weakens not only the prospects for US trade but also the preeminent position of the US dollar.

Policy, Sound Money

The Fed Wants to Close the Window on Narrow Banks

– May 28, 2019

A new type of financial institution could take root in the U.S. But the Federal Reserve seems determined to prevent this from happening.

Sound Money

Money Is a Humane Technology

– April 9, 2019

Pretty much every economics textbook explains how money has four functions. It is first and foremost a medium of exchange, and it ultimately derives all of its other functions from its usefulness as a medium of exchange.

Cryptocurrency, Sound Money, Technology

Why Facebook’s Stablecoin is Good News for Crypto

– January 11, 2019

Technology rarely does what we hope or predict it will do. In a year of falling exchange rates and failed ICOs, Facebook’s co-option of blockchain technology might be the best news for the industry of 2018.

Central Banking, Cryptocurrency, Monetary Policy, Sound Money

Tether again Breaks the Buck

– October 15, 2018

Under ideal conditions, stablecoins would come to exist due to pure market demand rather than as a reflection of the regulatory climate that has limited access to conventional banking services.

History, Sound Money

Money Is a Social Contract: A Normative View

– September 24, 2018

For both social contract theory and monetary theory, theorists are considering something that never happened in the past and that they have no reason to believe will happen in the future. No such considerations are useful.

Sound Money

The Puzzle of Money and the Lessons of History

– August 24, 2018

Right now, we have a disordered and dysfunctional money system. This poses very acute risks and dangers that because of the nature or money can have system-wide effects. We should look at how monetary systems have been reformed in previous times, and also rethink the way money is commonly taught and thought about.

Sound Money

Private Enterprise Can Manage Money Production

– August 15, 2018

What we’ve learned is that money can be privately produced. Hayek’s dream of choice in currency can be reality. What form it will take in the future no one can know for sure. What’s more, there is no end game here. The process of innovation will never stop.

Sound Money

Monetary Institutions and Self-Governance

– August 14, 2018

The features of monetary institutions that make them illiberal have a high likelihood of making them undemocratic as well.

Sound Banking, Sound Money

Base Money and the Birth and Use of Credit Money

– June 25, 2018

The complexity of credit markets creates difficulty for teaching monetary theory purely through reference to observed data. An appropriate framing should follow the evolution of money and credit.

Sound Money

Working Paper Series, Volume 1 Issue 3

– June 6, 2018

The third issue of the AIER Sound Money Project Working Paper Series is available online. AIER is currently ranked 76th on SSRN’s Top 1,600 Entrepreneurship Research & Policy Network Organizations.