Saturday, 05 September 2015
  • Recent

    Federal Reserve Facade 2

    Confusion and contradiction at the Fed

    September 4, 2015
    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 […]
    Law Gavel

    Money and the rule of law, continued

    September 3, 2015
    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 […]
    JH pic

    The Sound Money Project takes on the Fed at the Jackson Hole Summit

    September 1, 2015
    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 […]
    Sinking euro ship with a flag of Greece. Crisis concept.

    About the Greek losses

    August 26, 2015
    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 […]
    Open old book, light from above. Fantasy, imagination, education concept. Vintage mood.

    David Stockman’s The Great Deformation: The Corruption of Capitalism in America

    August 25, 2015
    This book review originally appeared in the Cayman Financial Review For six years I’ve told audiences (and even more than a few social acquaintances who would listen) that the 2008-09 Global Financial Crisis was not “The Big One.” In time, people will look back on that episode as relatively minor and fairly short-lived compared to the […]
    opws

    Op-ed: Time to restore sanity to the world’s monetary system

    August 19, 2015
    Earlier this week, Dr. Judy Shelton published a piece in The Hill that shed light on one of the world’s most pressing, yet least discussed, issues: our global monetary system. Using China’s decision to devalue its currency as a starting point, Dr. Shelton explores how central bank discretion around the globe creates an economic reality where nations […]
    Team Young Professionals Having Casual Discussion

    Op-ed: It’s time for millennials to reclaim money’s moral high ground

    August 12, 2015
    This morning in TownHall Finance, I made the claim that millennials must to reclaim money’s moral high ground. Young people today champion many causes- ranging from gun rights to school choice- but seem to ignore one issue that affects most of their daily interactions: The Federal Reserve’s discretionary monetary policy. This is polemic because: [M]oney plays a prominent role […]
    Vintage Writing Hand

    Announcing sound money research grant opportunities

    August 12, 2015
    Sound Money Research Grants  “The economic and moral arguments for sound money” The Atlas Network is proud to sponsor a research grant opportunity 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 is sponsoring four research grants in […]