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.
Advisory Board: Steve H. Hanke, Jerry L. Jordan, Lawrence H. White
Director: William J. Luther
Senior Fellows: Nicolás Cachanosky, Gerald P. Dwyer, Joshua R. Hendrickson, Thomas L. Hogan, Gerald P. O’Driscoll, Jr., Alexander W. Salter
Fellows: J.P. Koning
“As the pandemic ends, there are plenty of frustrating examples of what went wrong. Let’s hope deregulation is remembered as an example of what went right.” ~ Raymond J. March
“OWS’s efforts to develop Covid-19 vaccines are often considered the crowning achievement of what went right. Unfortunately, I fear its benefits are exaggerated, and its costs are just beginning.” ~ Raymond J. March
“In Tocqueville’s visit to America, he is struck by an ‘equality of conditions’—his approach to social capital. Perhaps we should pay more attention to the equality of values people hold dear. Public health is important, but so is personal freedom.” ~ Byron B. Carson III
“As revealed through various documents well after OWS, we know the agreements limit vaccine developers not selected for OWS from expedited clinical trials and a transparent process for authorization.” ~ Raymond J. March
“When the FDA and other agencies curtail private efforts to battle Covid-19, including limiting the use of existing and established treatments, we place our trust in less capable hands.” ~ Raymond J. March
“Crises end, but newly designated powers and increased budgets governments receive throughout seldom end with them. Instead, government power exhibits a ratchet effect, never diminishing to pre-crisis levels.” ~ Raymond J. March
“Public health as art, following Hayek, becomes a social science, or the study of how people make choices based on their values and tacit knowledge, how they interact with others, and how those behaviors and interactions influence health.” ~ Byron B. Carson III
“We know that mistakes in allocating medical goods to treat patients only make a challenging situation worse. The government has made many of these mistakes, and it doesn’t seem to be learning from them.” ~ Raymond J. March
“Disease mitigation policy that fails to incorporate diverse demographic, geographic, cultural, and even historical subtleties that characterize localities will see the same long tail of unintended consequences and policy failure.” ~ Peter C. Earle & Ryan M. Yonk
“While the economic implications of this proposal are sufficiently flimsy to discount its claimed purpose of revenue generation, the proposed wealth tax faces a greater obstacle to its adoption: it is blatantly unconstitutional.” ~ Phillip W. Magness