Sunday, 30 April 2017

Articles & Op-Eds

Atlas has partnered with a number of scholars in the area of Sound Money.

The End Of Currency Wars?

Posted by Daniel Lacalle
March 20, 2017

This piece originally appeared in Hedgeye “From its creation in 1913, the most important Fed mandate has been to maintain the purchasing power of the dollar; however, since 1913 the dollar has lost over 95 percent of its value” -James Rickards One of the least talked about proposals of the future Trump administration is the one […]

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Nominal is Real; Real is Artificial

March 13, 2017

A basic tenet of macroeconomics and monetary economics is the difference between nominal variables and real variables. Nominal variables are expressed in current market prices. Real variables are adjusted to reflect the changing purchasing power of money over time (inflation or deflation). For example, the nominal interest rate is the rate that currently prevails in […]

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Sound Money Is Rising at the State Level

Posted by Clint Siegner
March 7, 2017

This piece originally appeared in Mises Institute Inflation is the most pernicious of taxes levied by our government. Officials systematically devalue the dollar, then levy capital gains taxes on assets when their dollar price rises. The “gains” are largely illusory. Rising asset prices over time reflect the fact that the dollar buys less of everything. But the […]

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What the Fed Can’t Do

March 2, 2017

The American economy is still in the doldrums.  It is growing and creating jobs at a snail’s pace compared to the years before the financial crisis.  There are several reasons for this.  But the actions of the Federal Reserve bear significant blame.  For now, the public’s anger at the Fed’s questionable activities during and after […]

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Cash and Crime

February 21, 2017

This is the third of several posts on Ken Rogoff’s The Curse of Cash. As summarized in an earlier post, Rogoff argues that banning physical cash has two major benefits: reducing crime and enabling effective monetary policy at the zero lower bound. In this post, I will address the first of these supposed benefits by […]

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Donald Trump’s Fed

February 17, 2017

This piece originally appeared in The New York Sun It’s hard to think of an opportunity quite like that shaping up for President Trump in respect of the Federal Reserve. The announcement Friday by Daniel Tarullo of his intent to resign from the central bank’s board means that Mr. Trump will have three immediate openings […]

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