Sound Money Project

10/07/2024

"Interest payments now suck up more of the federal budget, leaving less to spend on important political priorities. Since Republicans and Democrats disagree about what those priorities are, the resulting fiscal strain amplifies partisan divisions." ~Alexander W. Salter

10/07/2024

"Democrats want to take credit for the higher real wages. Republicans want to deny that real wages are higher. Both are obscuring the facts." ~William J. Luther

10/07/2024

"Given that the reserve of gold can be viewed only as the federal government holding it for investment purposes, there is no particular reason to focus only on gold and not include other assets, including cryptoassets such as bitcoin." ~Gerald P. Dwyer

10/07/2024

"To judge whether monetary policy is loose, it is not enough to show that monetary aggregates are growing at historically low rates. What matters is whether the money supply is growing faster than money demand." ~Alexander W. Salter

10/07/2024

"The federal funds rate target range is likely to be at least a full percentage point lower by the end of the year. That would significantly reduce the distance the Fed needs to travel in order to return monetary policy to neutral." ~William J. Luther

“The federal funds rate target range is likely to be at least a full percentage point lower by the end of the year. That would significantly reduce the distance the Fed needs to travel in order to return monetary policy to neutral.” ~William J. Luther

10/07/2024

"A 50 basis point cut in its federal funds rate target on Wednesday marks a reversal at the Fed." ~William J. Luther

10/07/2024

"Treating cryptocurrencies like property for tax purposes discourages people from using them like monies." ~Gerald Dwyer

10/07/2024

"The Fed should ignore the political noise and follow the data. Central bankers failed to curb inflation, but that doesn’t mean they should deliberately make the opposite mistake now." ~Alexander W. Salter

10/07/2024

"More cuts are projected for 2025, but not enough to return the stance of monetary policy to neutral." ~William J. Luther

10/07/2024

"Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say." ~William J. Luther

10/03/2024

"Financial privacy is very important for a free society. What we do reveals much more about who we are than what we say." ~William J. Luther