Monday, 24 July 2017

Monthly Archives October 2015

Sound as a dollar

Posted by Jerry Jordan
October 29, 2015

A few weeks ago I addressed the question, “Who Wants Sound Money?” Because my answer was that apparently everyone does, the next obvious question is: who should be responsible for assuring sound money? In the case of the US dollar, the original answer at the time of the founding of the country was the US […]

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When should the Fed raise its federal funds rate target?

October 27, 2015

Everyone seems to have an opinion on when the Fed should raise rates (including Fed officials). Many of theses views are as misguided as the common notion of what it is that the Fed actually does. As I have explained before, the Fed doesn’t set the federal funds rate. It merely chooses its federal funds […]

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The drawback of a monetary constitution

October 14, 2015

My previous posts have been fairly positive towards the idea of a monetary constitution: a binding rule on monetary policy makers that these policy makers cannot change.  A monetary constitution is particularly appealing for those who desire monetary affairs to be brought under the rule of law.  But there is one problem with monetary constitutions that […]

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Who wants sound money?

Posted by Jerry Jordan
October 12, 2015

Well, apparently everyone does. An often misunderstood postulate in economics is known as “Gresham’s Law.” The popular version is that “bad money drives out good money.” Historically, what this has meant is that the bad money is what circulates in the market place, while the good money does not circulate. The reason is obvious; people […]

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Paper: Risk and Risk-Based Capital of U.S. Bank Holding Companies

October 6, 2015

The following is a newly released paper by Dr. Thomas Hogan, former Sound Money Project fellow and current Chief Economist for the U.S. Senate Committee on Banking, Housing, & Urban Affairs.  Risk and Risk-Based Capital of U.S. Bank Holding Companies Thomas L. Hogan Troy University Neil R. Meredith West Texas A&M University; American Economic Association October 6, 2015 Journal of […]

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Op-ed: How the Fed saved the economy

October 5, 2015

This piece originally appeared in The Wall Street Journal By Ben S. Bernanke   For the first time in nearly a decade, the Federal Reserve is considering raising its target interest rate, which would end a long period of near-zero rates. Like the cessation of large-scale asset purchases in October 2014, that action will be an […]

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