In her latest article in the Weekly Standard, Atlas Network Senior Fellow and Sound Money Project Co-Director Dr. Judy Shelton summons U.S. leaders to “consider profound monetary reform to establish the reliability of America’s currency and help build a new international monetary system,” and not invoke “sound money” as a mere platitude. Dr. Shelton challenges […]Read More
Author Archives Gonzalo Schwarz
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 warns about the “alarming disconnect between the performance of global equity markets, which are booming, and an underlying world economy that is merely limping along”. […]Read More
As the story goes, pirates would bite into pure gold coins in order to evaluate their quality, thus creating the original ‘bit coin.’ The new payment system, Bitcoin, which relies entirely on digital money, wasn’t created however, until 2008. The speakers at last night’s Atlas Network event “The Future of Money: Bitcoin, the Gold Standard […]Read More
Notes on the Establishment of a Money Unit
Atlas is pleased to announce the release of a new, limited edition reprinting of Thomas Jefferson’s Notes on the Establishment of a Money Unit, with original photographs of the 1784 text. Envisioned by Atlas Senior Fellow Judy Shelton, this unique and beautifully crafted book provides the historical foundations of America’s ideals towards money and currency. In the foreword, Dr. Shelton asks, “Why did the man responsible for defining the ideals of a nation take it upon himself to define the value of its money unit?” For Shelton, the text, in its original form, makes clear both Jefferson’s thought process and clarifies his objectives. It demonstrates his desire to ensure money in America served as an accurate and reliable standard of value, not as another policy instrument for government to serve its own ends.
By Steve H. Hanke When Communism inevitably and finally collapsed, Bulgaria’s economy was a basket case – behind almost all other communist basket cases, including Ukraine’s. Indeed, Bulgaria defaulted on its debt in 1990. By February 1991, Bulgaria had broken out in a bout of hyperinflation, with the inflation rate at 123% per month. And […]Read More
by Allan H. Meltzer, Carnegie Mellon University and Hoover Institution With $2.5 trillion sitting idle on bank balance sheets and more than $2 trillion additional sitting on corporate balance sheets, we should expect the Federal Reserve to ask: What can more quantitative easing—QE—do that banks and corporations cannot do without it? The right answer is […]Read More