Sound Money
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Escape from the Central Bank Trap
Cheap money becomes very expensive in the long run. In my new book, “Escape from the Central Bank Trap” (Business Expert Press), I explain that central banks are using the […]
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Time to End the Fed’s Credit-Allocation Policies
In 2007, at the initiative of Chairman Ben Bernanke and New York Federal Reserve Bank President Timothy Geithner, the Federal Reserve System began a set of unprecedented credit allocation policies that have been wasteful, morally hazardous, studded with favoritism, and in some cases of dubious legality.
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The Federal Budget: Constraints Limit the Options
Facing the Facts How the federal government collects and spends money has changed substantially over the years. Policy decisions made many years ago influence federal outlays today in important ways. Because of changes in the structure of the budget, the annual appropriations process is constrained, and therefore, is a less powerful tool for addressing fiscal…
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2014 Sound Money Rankings: the bottom of the list
As several of the worse performing currencies are in countries where the government manipulates statistics and exchange rates, it is not easy to come up with a perfect ranking. Using […]
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Wall Street Journal describes the new Cato Institute effort to promote sound money
The Wall Street Journal blog reports that Cato’s new Center for Monetary and Financial Alternatives will have as a goal to “challenge the central bank’s policies and explore alternative ways to manage […]
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Hayek on sensible monetary policy
This year marks the seventieth anniversary of the publication of “Road to Serfdom”by Frederick Hayek, as well as the fortieth anniversary of the award of the Nobel Prize in Economics […]
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Time to stop taxing gold and silver
Last month, Oklahoma Governor Mary Fallin signed Senate Bill 862 into law, once again recognizing gold and silver as legal tender and an acceptable means of payment of debts in […]
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Another Financial Meltdown on the Horizon
Is there another financial meltdown on the horizon? Dr. Judy Shelton who co-directs the Atlas Sound Money Project surely believes so. In her latest article in The Hill Dr. Shelton […]
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Sound Money for Ukraine
Another brilliant piece by Judy Shelton: “As Ukrainians mourn their dead and vow to prosecute their recently deposed leader, the valor of those who died must now inspire others to […]
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Juan Bautista Alberdi (1810-1884) on paper money and omnipotent government
“As long as the government has the power to manufacture currency with simple paper strips that promise nothing nor require any repayment, the omnipotent power of government will live unscathed […]
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Thoughts on Jefferson and the Dollar at Monticello
The following speech was given by Dr. Judy Shelton on January 30th, at the Jefferson Library in Thomas Jefferson’s Monticello: [Dr. Shelton] Thank you very much, very pleased to be […]
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What Happens when Uncle Sam’s Sugar Daddy Runs out of Canes?
The Wall Street Journal’s Real Time Economics Blog recently reported that, according to new CBO projections, the Federal Reserve will cease its annual “payments” to the US government by 2018. […]
