Topic: Sound Money

History, Sound Money, Sound Money Project

Wall Street Journal describes the new Cato Institute effort to promote sound money

– October 22, 2014

The Wall Street Journal blog reports that Cato’s new Center for Monetary and Financial Alternatives will have as a goal to “challenge the central bank’s policies and explore alternative ways to manage the U.S. money supply, including but not limited to …

History, Monetary Policy, Sound Money, Sound Money Project

Hayek on sensible monetary policy

– August 15, 2014

This year marks the seventieth anniversary of the publication of “Road to Serfdom”by Frederick Hayek, as well as the fortieth anniversary of the award of the Nobel Prize in Economics to Hayek. Hayek’s enduring contributions to our understanding of the …

Currency, Gold Standard, Sound Money, Sound Money Project

Time to stop taxing gold and silver

– July 8, 2014

Last month, Oklahoma Governor Mary Fallin signed Senate Bill 862 into law, once again recognizing gold and silver as legal tender and an acceptable means of payment of debts in the Sooner State. While this treatment would seem self-evident, noting Arti …

Monetary Policy, Sound Money, Sound Money Project

Another Financial Meltdown on the Horizon

– July 2, 2014

Is there another financial meltdown on the horizon? Dr. Judy Shelton who co-directs the Atlas Sound Money Project surely believes so. In her latest article in The Hill Dr. Shelton warns about the “alarming disconnect between the performance of global e …

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

Sound Money for Ukraine

– February 26, 2014

Another brilliant piece by Judy Shelton: “As Ukrainians mourn their dead and vow to prosecute their recently deposed leader, the valor of those who died must now inspire others to build a new Ukraine worthy of their struggle and sacrifice. Democracy an …

Sound Money, Sound Money Project

Juan Bautista Alberdi (1810-1884) on paper money and omnipotent government

– February 18, 2014

“As long as the government has the power to manufacture currency with simple paper strips that promise nothing nor require any repayment, the omnipotent power of government will live unscathed like a gnawing worm in the heart of the Constitution itself …

Sound Money, Sound Money Project

Thoughts on Jefferson and the Dollar at Monticello

– February 11, 2014

The following speech was given by Dr. Judy Shelton on January 30th, at the Jefferson Library in Thomas Jefferson’s Monticello: [Dr. Shelton] Thank you very much, very pleased to be here. It’s an honor to be introduced by Andrew O’Shaughnessy… I taught …

Central Banking, Economic Education, Monetary Policy, Sound Money, Sound Money Project

What Happens when Uncle Sam’s Sugar Daddy Runs out of Canes?

– February 13, 2013

The Wall Street Journal’s Real Time Economics Blog recently reported that, according to new CBO projections, the Federal Reserve will cease its annual “payments” to the US government by 2018. You’re probably wondering two things: 1. Why the heck would …

Currency, Gold Standard, International, Sound Money, Sound Money Project

The Impossibility of Economic Calculation in a Fiat World

– February 11, 2013

The purpose of keeping accurate accounts is to quantify net worth at any given point in time – as well as the change from a prior date.

Government, Sound Money, Sound Money Project

Yes Virginia, There Is A Constitutional Monetary Unit

– February 5, 2013

Last week, the Virginia House of Delegates Rules Committee passed, by an 11 – 1 bipartisan majority, a bill to establish “a joint subcommittee to study the feasibility of a United States monetary unit based on a metallic standard, in keeping with the constitutional precepts and our nation’s founding principles….”

Sound Money, Sound Money Project

Antony Fisher: “governments shouldn’t be in the money business.”

– January 23, 2013

Antony Fisher, founder of Atlas, the organization that hosts and administers www.soundmoneyproject.org, left us with good guidelines and principles. This from a speech in 1980: “Many studies need to be made. We need a series of studies by different and …

Economic Growth, International, Sound Money, Sound Money Project

China: Money Matters

– January 22, 2013

Contrary to what the doomsters have been telling us, China’s economy is not on the verge of collapse.