Sound Money

Wednesday, April 18th, 2018

Requiring that citizens track transactions in gold or alternative currencies and pay taxes on gains and losses relative to the dollar is just another mechanism for keeping the monetary playing field unbalanced in favor of government fiat.

Wednesday, April 18th, 2018

If the language of commerce is quid pro quo, money is its grammar.

Monday, April 9th, 2018

The personal signature has a notorious history: J.S. Bach’s on his compositions, the founding fathers on the Declaration of Independence, Picasso on his paintings, and the president’s today on executive orders. Creating your own was a right of passage. With credit card companies admitting the obvious that it does nothing to verify your identity, does it matter anymore? The signature isn’t going away. It has just changed forms.

Tuesday, March 27th, 2018

The first two issues of the new AIER Sound Money Project Working Paper Series are available online.

Friday, March 23rd, 2018

Debasement helps the mint defend against an aggressive counterfeiter.

Thursday, March 1st, 2018

Financial regulators ought not inhibit private money creation processes, which make the market more resilient in times of crisis.

Wednesday, January 31st, 2018

Financial crises come in all shapes and sizes. What could we possibly learn about proper monetary policy?

Wednesday, January 10th, 2018

In many ways, we are better off than we were in the era of the international gold standard. But monetary freedom is not one of them.

Thursday, December 14th, 2017

The Fed's balance sheet crowds out bank lending, stifling economic growth.

Wednesday, December 13th, 2017

Banning Bitcoin might have the unintended consequence of causing the average citizen to think a lot harder about why governments have a monopoly on currency in the first place.

Monday, December 11th, 2017

Coinage provided an easy-to-assess standard. It also presented a significant temptation for the fiscal authority.

Thursday, December 7th, 2017

Chartalists are right: debt preceded money. But that fact doesn’t do the work they think it does.

Tuesday, December 5th, 2017

The price of bitcoin has soared and many are left scratching their heads.

Monday, December 4th, 2017

Is bitcoin based on a Marxist theory of value?

Thursday, November 30th, 2017

There are two reasons monetary policy cooperation might backfire.

Tuesday, November 28th, 2017

Banning cash is inconsistent with the liberal tradition. It is the way of despots.

Thursday, November 23rd, 2017

Money is not about one person in isolation. It is social.

Wednesday, November 22nd, 2017

To anyone familiar with free banking systems, the answer is obvious.

Monday, November 20th, 2017

Customers can now send mobile money to those on competing networks.

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