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.
For the latest on sound money issues, subscribe to our working paper series and follow along on Twitter or Facebook.
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
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Milei’s New Monetary Regime for Argentina
“Despite its controversial nature, full dollarization remains the monetary regime with the most potential for long-term stability in Argentina. It offers a credible pathway to restore confidence and put the country back on a sustainable economic trajectory.” ~Nicolás Cachanosky
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Mortgage Rates Are Likely To Decline In the Near Future
“Not that long ago, the real rate on Treasury bills was negative. The real rate on Treasury securities is temporarily high due to the Federal Reserve’s policy goal of lowering the inflation rate.” ~Gerald P. Dwyer
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Prices Decline in May, Monetary Policy Tightens
“Prices today are 8.9 percentage points higher than they would have been had the Fed hit its 2-percent inflation target since January 2020.”
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FOMC Holds Rates, Revises Forward Guidance
“Just as the FOMC was slow to adjust policy when inflation surged in late 2021, it will be slow to adjust policy as inflation returns to and falls below its target in 2024.” ~William J Luther
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Prices Stable in May: Time to Cut Rates?
“M2, the most commonly cited measure of the money supply, is up 0.53 percent from a year ago. Since real income and population are growing faster than this, current M2 growth also suggests money is tight. But this is speculative.” ~Alexander W. Salter
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The Fed Can Generate Higher Inflation
“A lack of concern for fiscal discipline by both the U.S. Treasury Secretary and a call for persistent, near zero rates by the Chairman of the Federal Reserve suggests that the Federal Reserve and the U.S. Treasury will act in concert to make the new inflation target a reality. It is not a question of…
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R.I.P. Richard H. Timberlake
“Timberlake provided a blueprint for future sound money scholars to conduct thorough and well-respected research on monetary theory and history.” ~ Scott Burns
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The 2019 Sound Money Project Essay Contest Winners
What are the merits of returning to the gold standard? Is such a system feasible today?
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Sound Money Project Essay Contest
What are the merits of returning to the gold standard? Is such a system feasible today?
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Working Paper Series, Volume 1 Issue 5
The fifth issue of the AIER Sound Money Project Working Paper Series is available online. AIER is currently ranked 152nd on SSRN’s Top 1,600 Entrepreneurship Research & Policy Network Organizations..
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Working Paper Series, Volume 1 Issue 4
The fourth issue of the AIER Sound Money Project Working Paper Series is available online. AIER is currently ranked 149th on SSRN’s Top 1,600 Entrepreneurship Research & Policy Network Organizations.
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The Economic and Moral Imperative of Sound Money
AIER’s Sound Money Project has quickly established itself as a leading authority in monetary economics.
