Topic: Sound Money

Sound Banking, Sound Money

Setting Aside My (Fractional) Reservations

– May 9, 2018

A decade ago, I was a fractional-reserve banking skeptic. Today, I’m all for it. Here’s why.

Sound Money

Money and the Market Process

– May 3, 2018

A market economy without money would not be able to achieve a division of labor sufficient to make it worthwhile.

Central Banking, Monetary Policy, Sound Money

Hayek’s Commodity Reserve Currency

– April 30, 2018

Hayek’s commodity reserve standard would automatically serve to stabilize prices and output. In our discussion of rule-based monetary policy and sound money, the mechanics and principles guiding Hayek’s proposal deserve careful consideration.

Currency, Gold Standard, Sound Money

Fiat Money’s Legal Monopoly

– April 18, 2018

Requiring that citizens track transactions in gold or alternative currencies and pay taxes on gains and losses relative to the dollar is just another mechanism for keeping the monetary playing field unbalanced in favor of government fiat.

Central Banking, Monetary Policy, Sound Banking, Sound Money

Money as a Social Institution

– April 16, 2018

If the language of commerce is quid pro quo, money is its grammar.

Harwood Economic Review, Sound Money

Sound Money Issue

– April 10, 2018

The Harwood Economic Review, Spring 2018

Sound Money

Your Signature No Longer Matters

– April 9, 2018

The personal signature has a notorious history: J.S. Bach’s on his compositions, the founding fathers on the Declaration of Independence, Picasso on his paintings, and the president’s today on executive orders. Creating your own was a right of passage. With credit card companies admitting the obvious that it does nothing to verify your identity, does it matter anymore? The signature isn’t going away. It has just changed forms.