Tuesday, 16 September 2014
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    Money And Saltire

    Currency union concerns in Scotland

    September 15, 2014
    THE IMPLICATIONS OF HAYEK’S KNOWLEDGE PROBLEM I was pleased (though not surprised!) to see co-blogger Nicolas Cachanosky dismiss “concerns” arising “because the British government says that it won’t come to an agreement with Scotland about the use of the GBP in the new independent territory.” Unfortunately, many fail to dismiss such claims. Take this Feb. […]
    Scottish independence referendum ballot box covered in scotlands flag with person casting vote on bl

    Sterlingization in Scotland

    September 11, 2014
    Admittedly, I haven’t been closely following the vote for Scotland’s independence from Great Britain. Neither am I closely following the debates of what Scotland, should it vote for independence, do with its monetary institutions. Ryan Murphy pointed me in the direction of this piece by Sam Bowman from the Adam Smith institute where he proposes […]

    The Sound Money Project proudly announces new Program Fellows

    September 8, 2014
    We at the Atlas Network’s Sound Money Project are proud and excited to announce that three new Fellows and a Senior Fellow will be joining our team and helping to advance our mission of raising awareness about the problems of our current monetary system. These new Fellows include: Jerry L. Jordan, Ph.D. Dr. Jordan is […]
    Word Cloud Concept Related To Quantitative Easing

    What is monetary policy?

    September 2, 2014
    Thanks to the Atlas Network for inviting me to join the Sound Money Project blog. I want to start by discussing a question that may seem obvious but can actually be somewhat complicated: “What is monetary policy?” Or, more specifically, “when is monetary policy loose or tight?” Consider the debate between Scott Sumner and John […]
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    Europe’s depressing dog days of summer

    August 27, 2014
    This is a guest post from Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University in Baltimore, MD and a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C. You can follow him on Twitter: @Steve_Hanke As we entered the dog days of summer, […]
    the word "reform" in lead letters written. symbolic photo for quick correspondence

    A model for a free market monetary reform

    August 26, 2014
    Despite the approval and respect central banks receive around the world, it is questionable that even the best of them managed to outperform previous monetary institutions (see, for instance, here). It is not uncommon to see free market advocates to call for a return to the gold standard. The intention is no other than a […]
    Inflated Dollar

    The Fed is driving the economy in the wrong direction

    August 25, 2014
    In an op-ed released today, Richard Ebeling, economics professor and former president of the Foundation for Economic Education, argues that the Federal Reserve’s misguided policies are driven by a fear of “price deflation,” but that their solutions often lead to disaster. According to Ebeling, the Federal Reserve, under the leadershp of Alan Greenspan, Ben Bernanke […]
    Cartoon Running Coins

    Friedman vs. Hayek on currency competition

    August 22, 2014
    In a recent post, co-blogger Jerry Jordan refers to the “new monetary scheme” offered by Friedrich Hayek in the mid-1970s. Hayek outlined his proposed reform in Choice in Currency (1976) and Denationalisation of Money (1976). Milton Friedman and others were quick to point out its shortcomings. I’ve written a bit more on the exchange between […]