By Michael Belongia and Peter Ireland Over the past several years, Federal Reserve officials have issued multiple and often conflicting statements about whether their federal funds rate target should be increased and, if so, when that change should occur. As we discussed in an earlier column, these attempts at “forward guidance” appear to have confused consumers […]Read More
Commentaries by Atlas staff and those associated with the Sound Money Project.
In my last post, I argued that monetary regimes should be judged not just on macroeconomic grounds, but also on whether they adhere to the rule of law. In this post, I want to extend that argument: the rule of law should be the primary consideration for judging monetary regimes. Macroeconomic issues matter, but should be viewed as […]Read More
From left to right:Sound Money Editor Johannes Schmidt, Dr. William Luther of the Sound Money Project, U.S. Senate Banking Committee Chief Economist and former Sound Money Project Fellow Dr. Thomas Hogan, Atlas Network Senior Fellow and Sound Money Project Co-Director Dr. Judy Shelton, Atlas Network President Alex Chafuen, and Sound Money Project Manager Gonzalo Schwarz. Money has become so […]Read More
Economists and accountants don’t think about financial losses the same way. When a person buys an asset, such as shares of a company on the stock market, and then sees the price of the shares fall below the purchase price, an accountant will say the loss is not “realized” unless and until the shares are […]Read More
Sound Money Essay Contest “The economic and moral arguments for sound money” The Atlas Network’s Sound Money Project is proud to sponsor an essay contest for students, young faculty and policy experts who are interested in championing the cause of sound money and a better understanding of sound monetary institutions. Description: The Atlas Network’s Sound […]Read More
The gold standard is a commodity money standard where gold and gold-redeemable assets serve as money. The monetary unit is defined as a particular weight and fineness of gold. For example: $1 = 1/20 oz of gold. Here’s an excellent video on the gold standard featuring Lawrence H. White. Sometimes the gold standard is described […]Read More