Topic: Sound Money

Cryptocurrency, Sound Money, Sound Money Project

Separating the Technology of Bitcoin from the Medium of Exchange

– November 7, 2017

The high price of bitcoin serves as a reminder of its rigid supply, which might ultimately be its undoing.

Sound Money, Sound Money Project

Central Bank Independence and a Trumped Up Fed

– November 7, 2017

Economists might wish it were otherwise, but the Fed is not independent.

Currency, Gold Standard, Sound Money, Sound Money Project

Do the Origins of Money Matter?

– November 2, 2017

A whirlwind tour through alternative theories would seem to suggest one fits much more comfortably with a pro-liberty worldview than another.

Sound Money, Sound Money Project

Liquidity and Endogenous Money

– November 2, 2017

Financial innovation reduces the costs of transacting and storing wealth.

Currency, Sound Money, Sound Money Project

Economizing on Cash Balances

– November 2, 2017

Cash can be converted to goods all but instantly, but provides the holder of cash no interest.

Currency, Sound Money, Sound Money Project

Second Thoughts on Indian Demonetization

– November 1, 2017

Indians accomplished in mere months something that took Europeans ten years.

Cryptocurrency, Sound Money

CMRE Speakers Present Vastly Different Visions for the Future of Blockchain Technology

– October 5, 2017

On October 3, the Committee for Monetary Research and Education held a dinner in New York City featuring four distinguished speakers on the topic of blockchain technology versus fiat currency.

Central Banking, Free Banking, Monetary Policy, Sound Money, Sound Money Project

Knowledge Problem in Central Banking – Part II

– August 3, 2017

The previous post presented Hayek’s knowledge problem in the context of the economic calculation debate under socialism. We discussed the distinction (sometimes overlooked) between information and knowledge. To sum up, information is objective data suc …

Central Banking, History, Monetary Policy, Sound Money, Sound Money Project

Knowledge Problem in Central Banking – Part I

– August 2, 2017

In my previous posts, Andreas Hoffmann and I discussed the problem of unintended consequences in monetary policy, particularly as applied to the U.S. Federal Reserve and the European Central Bank in the context of the 2008 crisis. This post tackles a r …

Economic Education, Inflation, Sound Money

The Money Mirage

– August 1, 2017

Luring Businessmen, Savers, and Investors To Their Economic Deaths Including as a Supplement: Retirement and Estate Planning During an Age of Inflating

AIER Classics, Economic Education, Inflation, Sound Money

What Will Inflation and Devaluation Mean to You?

– July 25, 2017

By Donald G. Ferguson, Bion H. Francis, E. C. Harwood, Benjamin D. Manton, and Their Assistants on the Institute Staff Part I Where Does Money Come From, and What Is Inflation? Has the Danger of Inflation Passed? Part II Inflation’s Timing and Warning …

History, Inflation, Sound Money, Sound Money Project

The Inflation Tax

– July 20, 2017

Can you name an official at a major central bank who expresses worries that inflation is now, or soon will be, too high? Can you identify any financial publication–even the Wall Street Journal–that does not report that recent inflation data have bee …