Wednesday, 01 October 2014
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    Lenders of last resort

    September 29, 2014
    Scotland’s vote for independence resulted in a negative. There won’t be, then, further discussions about what Scotland should do with its monetary institutions. Still, there is one more issue that I would like to discuss, because it transcends the particular case of Scotland, had independence been the result of the vote. There is a widespread […]
    man holding cube on the top of pyramid

    Regime uncertainty weighs on growth

    September 23, 2014
    This is a guest post from Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University in Baltimore, MD and a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C. You can follow him on Twitter: @Steve_Hanke Shortly after the current Great Recession started, I […]

    Bitcoin exposed by Professor Steve Hanke

    September 19, 2014
    As Professor Steve H. Hanke, Professor of Applied Economics at The Johns Hopkins University in Baltimore, notes, Bitcoin “remains a mystery to many.” Luckily for those interested in learning more about the iconic crypto-currency, Hanke has constructed a series of charts that uses data to outline topics such as Bitcoin in circulation, USD exchange trade […]
    Cutting Costs

    Standards of value

    September 19, 2014
    Probably no pollster has conducted a survey to find out from the public how frequently they think the purchasing power of the currency should be cut in half. Probably no survey is necessary because we already know the public’s reaction: ‘that is a really silly question.’ Imagine asking the average person on the street, “Do […]
    Money And Saltire

    Currency union concerns in Scotland

    September 15, 2014
    I was pleased (though not surprised!) to see co-blogger Nicolas Cachanosky dismiss “concerns” arising “because the British government says that it won’t come to an agreement with Scotland about the use of the GBP in the new independent territory.” Unfortunately, many fail to dismiss such claims. Take this Feb. 22nd article from The Economist, for […]
    Scottish independence referendum ballot box covered in scotlands flag with person casting vote on bl

    Sterlingization in Scotland

    September 11, 2014
    Admittedly, I haven’t been closely following the vote for Scotland’s independence from Great Britain. Neither am I closely following the debates of what Scotland, should it vote for independence, do with its monetary institutions. Ryan Murphy pointed me in the direction of this piece by Sam Bowman from the Adam Smith institute where he proposes […]

    The Sound Money Project proudly announces new Program Fellows

    September 8, 2014
    We at the Atlas Network’s Sound Money Project are proud and excited to announce that three new Fellows and a Senior Fellow will be joining our team and helping to advance our mission of raising awareness about the problems of our current monetary system. These new Fellows include: Jerry L. Jordan, Ph.D. Dr. Jordan is […]
    Word Cloud Concept Related To Quantitative Easing

    What is monetary policy?

    September 2, 2014
    Thanks to the Atlas Network for inviting me to join the Sound Money Project blog. I want to start by discussing a question that may seem obvious but can actually be somewhat complicated: “What is monetary policy?” Or, more specifically, “when is monetary policy loose or tight?” Consider the debate between Scott Sumner and John […]