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.
One Currency Doesn’t Require “One Europe”
The creation of the euro was either the greatest historic achievement of the last century—or its worst delusion. Not to be glib, but the answer is both: The euro represents […]
“Placing our faith in economic oracles”
“One of the sadder categories in the history of human misfortunes is the list of those things that are obvious, but wrong. By definition, if something is obvious, most people […]
“Something Besides Money Growth Causes Inflation?”
“Some economic phenomena can result from a variety of causes. A temporary increase in unemployment, for example, might be caused by a sudden, disruptive change in production technology, or in […]
“Giving the Fed New Powers Ignores History”
“The Fed’s own origins are evidence for this point. It is usually argued that the Fed was created to avoid the banking crises that plagued the United States in the […]
“Competitve Currencies, Legal Restrictions and the Origins of the Fed”
“In the last several years, economists have produced numoerous studies examining both the theoretical operations and historical manifestations of unregulated banking systems. Recent examples of historical investigations are the studies […]
“Sound Money: The Impossible Dream?”
“Our gold standard money didn’t fail us in 1913; it was murdered. Did it deserve to die? What was its crime? It had provided us with nothing less than relative […]
“More Muscle to Fed”
“Mr. Dodd’s bill would allow the Fed to examine any bank-holding company with more than $50 billion in assets, and large financial companies that aren’t banks could be lassoed into […]
The Global Debt Crisis
Recent developments have clearly demonstrated that “there is no such thing as a Keynesian free lunch.” The grim story of fiscal crises afflicting major economies is something that should not be taken lightly. It could happen sooner than most people think if the governments of the US and other debt-ridden countries don’t get their fiscal…
Getting to the Bottom?
On Wednesday, March 10, a Wall Street Journal article announced that the Financial Crisis Panel will be convened in early April with Alan Greenspan as the center act. According to […]
“Gold and Economic Freedom”
“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent […]
Trust, like reputation is hard to earn, but easy to lose
“Trust is similar in its fragility. At the individual level, of course, these two concepts (reputation and trust) are inter-related. We trust those who have a trustworthy reputation, and we […]
“Monetary Policy and the Free-Market Economy”
“Let me say first that I believe in the benefits conferred by the free market as strongly as anybody in this country: nobody, anywhere, has yet devised a way of […]