Sound Money Project
The Sound Money Project was founded in January 2009 to conduct research and promote awareness about monetary stability and financial privacy. The project is comprised of leading academics and practitioners in money, banking, and macroeconomics. It offers regular commentary and in-depth analysis on monetary policy, alternative monetary systems, financial markets regulation, cryptocurrencies, and the history of monetary and macroeconomic thought.
“Irresponsible lending prohibited by OTF”
“The new requirements form part of new guidance from the Office of Fair Trading (OFT) to counteract irresponsible lending. ‘[We] expect all consumer credit businesses to fully comply with both […]
“Unemployment and Inflation Inch Up in Europe”
“The unemployment rate in the euro area inched up to touch double digits in February, while inflation accelerated more than economists had forecast, probably a result of higher food and […]
The Seigniorage Curse
“The Seigniorage Curse appears to hollow out the economy by the following manner: First, the premium charged to holders of dollars becomes a new source of accrued, aggregate revenue. This […]
Obama’s Mortgage Plan Won’t Bring Relief
“Alan Greenspan, Ben Bernanke, and the rest of the crew running economic policy somehow could not see the housing bubble as it grew to more than $8tn. It really should […]
“Economists, Business Leaders Want Yuan to Appreciate”
“Chinese economists and business leaders have begun to call openly for their government to allow the yuan to appreciate against the dollar, in a sign that the issue is contentious […]
Politicising money lending is not the path to prosperity
“One part of Alastair Darling’s Budget that appears to have received little attention from the media is his plan for a ‘Credit Adjudication Service’. This new body, it appears, will […]
“Break Up the Banks”
“Big banks are bad for free markets. Far from being engines of free enterprise, they are conducive to what might be called ‘crony capitalism,’ ‘corporatism,’ or, in Jonah Goldberg’s provocative […]
The Healthcare Question Revisited
A few weeks ago, I wrote a piece on the effect the new healthcare bill will have on your money, namely, the inflation that will result when the new system […]
Monetary Policy in a World of Uncertain Productivity Growth
“This paper considers inflation forecasts for 2001 under two different assumptions about productivity growth. One assumption, the optimistic one, is that productivity growth has risen above its long-run historical average […]
Inflation
“Inflation rates vary from year to year and from currency to currency. Since 1950, the U.S. dollar inflation rate, as measured by the December-to-December change in the U.S. Consumer Price […]
“Obama Pays More Than Buffett”
“The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama. Two-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis […]
“Bailout Bonanza”
“Sen. Chris Dodd’s latest bill to fix the financial system is another failure. After months of negotiation, he’s produced a “reform” of the regulatory system that simply fails to deal […]