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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Defending the dollar in Ecuador
This past August, Mary O’Grady made a claim in the Wall Street Journal that few people would argue against when she stated that “few economic injustices are more villainous than stealing […]
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Common criticisms of the gold standard
Many mainstream economists believe that adopting a gold standard would be an economic disaster. But most of their objections appear to be inconsistent with the actual historical evidence. My new […]
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Selgin’s Bitdollar and a simple step toward sound money
There are two advantages in the Bitdollar idea.
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Op-ed: The Yellen tug of war
This week, Ralph Benko published a piece in Forbes that outlined what I would consider two fundamental problems with Janet Yellen’s Federal Reserve: its willingness to experiment and its growing […]
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Money and productivity
Traditionally, economists talk about things being produced using some combinations of land, labor, and capital, where capital is taken to mean tools, machines, buildings, and so on. Productivity— productive efficiency—improves […]
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The political economy of Bitcoin
I have a new paper with Joshua Hendrickson and co-blogger Thomas Hogan titled The Political Economy of Bitcoin. Here’s the abstract: The recent proliferation of bitcoin has been a boon […]
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Economic performance and the Federal Reserve
Many economists argue the Fed can improve economic performance by moderating booms and busts in the economy. Indeed, some studies propose that the volatility of GDP growth has declined under […]
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The MIT Bitcoin Project
The MIT Bitcoin Project plans to give $100 worth of bitcoin to every undergrad at MIT. Why would they do that?
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Does monetary equilibrium equal NGDP targeting?
In the last recent years, the idea of NGDP targeting as a better, if not the optimal, target for central banks has received special attention. Surely the idea is not […]
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Unconventional monetary policy: not all assets are created equal
The types of assets the Fed has purchased are very different from assets purchased in the past.
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Should ‘Legal But Shady’ Be A New Regulatory Standard?
The following is an excerpt from Heritage Foundation Research Fellow Norbert Michel’s recent piece in Forbes: Last Friday I had the pleasure of testifying at a Senate hearing. The topic […]
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Central banking and central planning
Last week in the Wall Street Journal, Paul Kupiec argued that the Fed’s new emphasis on “macroprudential” management is basically central planning and is likely to decrease financial stability and […]
