Sound Money Project
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“The Limits of Monetary Policy”
“History has shown that monetary stability—money growth consistent with a stable and predictable value of money—is an important determinant of economic stability. Safeguarding the long-run purchasing power of money is also essential for the future of private property and a free society. In the United States, persistent inflation has eroded the value of money and…
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“The Case for Auditing the Fed is Obvious”
“Recently, the Federal Reserve has significantly altered the procedures and goals that it had followed for decades. It has more than doubled its balance sheet, paid interest to banks on reserves held as deposits with the Fed, made decisions about which institutions to prop up and which should be allowed to fail, invested in assets…
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“The Early Word: Financial Fights”
“Senate Democrats will try for the third consecutive day to bring a financial overhaul to the floor for debate, after Republicans twice blocked such attempts. Like clockwork, Republicans are expected to block the bill once more. It’s probably not the way most of us would play charades, but The Times’s Edward Wyatt and David Herszenhorn…
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Wolf and Krugman Discuss Austrian Economics
Martin Wolf (Financial Times) and Paul Krugman (New York Times) discuss Austrian economics.
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“The Free-Coinage Scheme is Impracticable at Every Point”
“The amount of circulating cash of all kinds in the hands of the people at the present time is about nine hundred millions. If the dollar was reduced to half its present value, and if allowance was made for reserves, two thousand million silver dollars would be the specie requirement of the country. We already…
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Lessons from the History of Financial Regulation
Charles W. Calomiris, who is Professor of Financial Institutions at Columbia Business School and a visiting scholar at the American Enterprise Institute, has recently published a paper on the lessons that can be drawn from the history of financial regulation. “The Political Lessons of Depression-Era Banking Reform” looks more specifically at the regulatory response the…
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Overdose – Documentary on the Financial Crisis
On May 17, the Cato Institute will host a premiere of a new documentary on the financial crisis–Overdose. The trailer can be seen here. The documentary is based upon Swedish writer Johan Norberg’s book Financial Fiasco. Cato describes Overdose as follows: “This 46-minute documentary is a fast-paced look at how we got into the financial…
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“Inflation May Not Be Kind to the Stock Market”
“Investors seem to see inflation as no big deal, or maybe even a good thing. But they forget how inflation killed the stock market in the 1970s… and just how easily those conditions could return. Federal Reserve Chairman Ben S. Bernanke is now seen as the stock market’s best friend. He is the second coming…
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“Greece Formally Requests EU/IMF Aid”
“Prime Minister George Papandreou said Friday that ‘the time has come’ for Greece to request aid under a joint European-International Monetary Fund bailout mechanism following months of turmoil in Greek financial markets. ‘The time has come,’ Papandreou said in televised comments from the island of Kastellorizo. ‘It is a necessity. It is a national and…
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Deflating China’s Bubble
Reining in China’s investment boom will be hard. The Chinese authorities are damned if they do and damned if they don’t.
-
“The Limits of Monetary Policy”
“History has shown that monetary stability—money growth consistent with a stable and predictable value of money—is an important determinant of economic stability. Safeguarding the long-run purchasing power of money is also essential for the future of private property and a free society. In the United States, persistent inflation has eroded the value of money and…
-
“The Case for Auditing the Fed is Obvious”
“Recently, the Federal Reserve has significantly altered the procedures and goals that it had followed for decades. It has more than doubled its balance sheet, paid interest to banks on reserves held as deposits with the Fed, made decisions about which institutions to prop up and which should be allowed to fail, invested in assets…
-
“The Early Word: Financial Fights”
“Senate Democrats will try for the third consecutive day to bring a financial overhaul to the floor for debate, after Republicans twice blocked such attempts. Like clockwork, Republicans are expected to block the bill once more. It’s probably not the way most of us would play charades, but The Times’s Edward Wyatt and David Herszenhorn…
-
Wolf and Krugman Discuss Austrian Economics
Martin Wolf (Financial Times) and Paul Krugman (New York Times) discuss Austrian economics.
-
“The Free-Coinage Scheme is Impracticable at Every Point”
“The amount of circulating cash of all kinds in the hands of the people at the present time is about nine hundred millions. If the dollar was reduced to half its present value, and if allowance was made for reserves, two thousand million silver dollars would be the specie requirement of the country. We already…
-
Lessons from the History of Financial Regulation
Charles W. Calomiris, who is Professor of Financial Institutions at Columbia Business School and a visiting scholar at the American Enterprise Institute, has recently published a paper on the lessons that can be drawn from the history of financial regulation. “The Political Lessons of Depression-Era Banking Reform” looks more specifically at the regulatory response the…
-
Overdose – Documentary on the Financial Crisis
On May 17, the Cato Institute will host a premiere of a new documentary on the financial crisis–Overdose. The trailer can be seen here. The documentary is based upon Swedish writer Johan Norberg’s book Financial Fiasco. Cato describes Overdose as follows: “This 46-minute documentary is a fast-paced look at how we got into the financial…
-
“Inflation May Not Be Kind to the Stock Market”
“Investors seem to see inflation as no big deal, or maybe even a good thing. But they forget how inflation killed the stock market in the 1970s… and just how easily those conditions could return. Federal Reserve Chairman Ben S. Bernanke is now seen as the stock market’s best friend. He is the second coming…
-
“Greece Formally Requests EU/IMF Aid”
“Prime Minister George Papandreou said Friday that ‘the time has come’ for Greece to request aid under a joint European-International Monetary Fund bailout mechanism following months of turmoil in Greek financial markets. ‘The time has come,’ Papandreou said in televised comments from the island of Kastellorizo. ‘It is a necessity. It is a national and…
-
Deflating China’s Bubble
Reining in China’s investment boom will be hard. The Chinese authorities are damned if they do and damned if they don’t.
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