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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Rogoff on Seigniorage
In his book, The Curse of Cash, Harvard economist Ken Rogoff offers an excellent discussion of the modern seigniorage process: Instead of having the government print money and buy things […]
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“Strong” and “Weak” Currencies
Is a “strong dollar” good or bad? If the currency of another country is pegged to the US dollar, and the US dollar is “strong,” is that good or bad […]
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Tools of Monetary Policy
For several decades the money we use in everyday life is “fiat currency.” That is, it is created by central banks and its value is not anchored to anything of […]
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Public infrastructure: Welcome to the world of waste, fraud, and abuse
This article appeared in the December 2016 issue of Globe Asia Economic policy is subject to fads and fashions. The most recent economic-policy fad is public infrastructure. Its advocates include progressives on […]
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34th Cato Monetary Conference: Central Banks and Financial Turmoil
This piece originally appeared in Alt-M By Ari Blask More than two hundred people came to Cato last Thursday, November 17th, for the 34th Annual Monetary Conference. Four panels and two […]
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Monetary debates
In recent decades, the “big debate” among monetary economists and policy makers was “Rules versus Discretion.” That debate accepted that the various tools/instruments available to monetary policymakers are well known. […]
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The asymmetry of central bank power
For some time now, a lot of attention has been put on the Federal Reserve’s decision on whether or not to increase the federal funds rate target or to leave it unchanged […]
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Op-ed: What Brexit means for the euro
This article originally appeared in Forbes International political and economic news in recent weeks was filled with stories and analyses of the United Kingdom referendum to leave the European Union […]
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Op-ed: On November 8th, I’m voting for our next Fed Chair
This piece originally appeared in the Daily Caller With just days until the conclusion of one of our history’s most polarizing presidential election cycles, it’s hard for a proponent of […]
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The price of time and the price of money
When discussing the market for money balances, many reputable macroeconomics and money and banking textbooks say that the price of money is the interest rate. This ‘liquidity preference’ theory is […]
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The twists and turns of the greenback
This article appeared in the November 2016 issue of Globe Asia. At a monetary conference in Vienna back in 2014, the distinguished Frenchman, friend, and occasional collaborator Jacques de Larosière proclaimed […]
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The end of cash?
Follow the money… Why are we still using cash? Given the rapid advances we’ve enjoyed in digital payment technology thanks to debit and credit cards and apps like PayPal, Apple […]
