Very little, really. Despite what we teach our students in Principles classes, and in some more advanced classes on Macroeconomics and Money & Banking, the relationship between changes in the stance of monetary policy and changes in interest rates are ambiguous. The standard story, having its roots in the interest rate theories of old Keynesianism, […]Read More
Commentaries by Atlas staff and those associated with the Sound Money Project.
I am very excited to join the Sound Money Project and contribute to the understanding of monetary systems that are conducive to economic stability. To begin, I would like to describe how I think about monetary theory at a general level, and how this informs the study and analysis of monetary institutions. Money is incredibly […]Read More
It has truly been an exciting year for the Atlas Network’s Sound Money Project and Washington’s monetary policy community. From meetings with Federal Reserve Chairwoman Janet Yellen to the opening of new monetary policy centers, SMP has been at the forefront- thanks, in great part, to the quality work and dedication of our fellows. This […]Read More
That was the topic of a conference organized by the Center for Free Enterprise at West Virginia University that took place on Saturday, April 25. The conference was divided in two sessions: one where theoretical aspects of NGDP were discussed and another that took a more empirical approach to the matter. I presented in the […]Read More
This piece was originally published in Globe Asia, April 2015. By Dr. Steve H. Hanke Led by the charismatic Alexis Tsipras, the Syriza party took office in Athens on January 26th. The most prominent member of the new Prime Minister’s cabinet is Yanis Varoufakis, the Finance Minister. He is an economics professor, with a complete […]Read More
The Atlas Network’s Sound Money Project is proud to announce that Dr. Thomas L. Hogan has accepted an appointment as Chief Economist of the Senate Banking Committee. Although this means that he will be stepping down from his role as a SMP Fellow, we could not be more excited to have such a talented and committed free-banker […]Read More