William J. Luther

William J. Luther is an assistant professor of economics at Florida Atlantic University, director of the American Institute for Economic Research’s Sound Money Project, and an adjunct scholar with the Cato Institute’s Center for Monetary and Financial Alternatives.

His popular writings have appeared in The Economist, Forbes, and U.S. News & World Report. His work has been featured by major media outlets, including NPR, Wall Street Journal, TIME Magazine, Fox Nation, and VICE News.
William J. Luther

Working Papers

Journal Articles

  1. Is Bitcoin a Decentralized Payment Mechanism? Journal of Institutional Economics, forthcoming. (w/ Sean Stein Smith)
  2. Is Bitcoin Money? And What That Means. Quarterly Review of Economics and Finance, forthcoming. (w/ Peter K. Hazlett)
  3. Regulatory Ambiguity in the Market for Bitcoin. Review of Austrian Economics, forthcoming.
  4. Suboptimal Equilibria from Nominal Income Targeting. Journal of Private Enterprise, forthcoming. (w/ Thomas L. Hogan)
  5. Four Principles for a Base Money Regime. Cato Journal, 40(2), 2020: forthcoming.
  6. Endogenous Matching and Money with Random Consumption Preferences. B.E. Journal of Theoretical Economics, 19(2), 2019: 1–9. (w/ Thomas L. Hogan)
  7. Adaptation and Central Banking. Public Choice, 180(3), 2019: 243–256. (w/ Alexander W. Salter)
  8. Getting Off the Ground: The Case of Bitcoin. Journal of Institutional Economics, 15(2), 2019: 189–205.
  9. Austrian Macroeconomics in Search of its Uniqueness. Journal of Private Enterprise, 33(2), 2018: 1–20. (w/ J.P. McElyea)
  10. Is Bitcoin Intrinsically Worthless? Journal of Private Enterprise, 33(1), 2018: 31–45.
  11. Banning Bitcoin. Journal of Economic Behavior & Organization, 141, 2017: 188–195. (w/ Joshua R. Hendrickson)
  12. Bitcoin and the Bailout. Quarterly Review of Economics and Finance, 66, 2017: 50–56. (w/ Alexander W. Salter)
  13. The Political Economy of Bitcoin. Economic Inquiry, 54(2), 2016: 925–939. (w/ Joshua R. Hendrickson and Thomas L. Hogan)
  14. Cryptocurrencies, Network Effects, and Switching Costs. Contemporary Economic Policy, 34(3), 2016: 553–571.
  15. Positively Valued Fiat Money after the Sovereign Disappears: The Case of Somalia. Review of Behavioral Economics, 3(3–4), 2016: 311–334. (w/ Lawrence H. White)
  16. Bitcoin and the Future of Digital Payments. Independent Review, 20(3), 2016: 397–404.
  17. The Optimal Austrian Business Cycle Theory. Advances in Austrian Economics, 20, 2016: 45–60. (w/ Alexander W. Salter)
  18. On the Empirical Relevance of the Mises-Hayek Theory of the Trade Cycle. Advances in Austrian Economics, 20, 2016: 79–103. (w/ Mark Cohen)
  19. The Implicit Costs of Government-Provided Deposit Insurance. Journal of Private Enterprise, 31(2), 2016: 1–13. (w/ Thomas L. Hogan)
  20. Mises and the Moderns on the Inessentiality of Money in Equilibrium. Review of Austrian Economics, 29(1), 2016: 1–13.
  21. The Monetary Mechanism of Stateless Somalia. Public Choice, 165(1), 2015: 45–58.
  22. Using NPR’s Planet Money Podcast in Principles of Macroeconomics. Journal of Private Enterprise, 30(1), 2015: 143–154.
  23. Bitcoin is Memory. Journal of Prices & Markets, 3(3), 2015: 22--33. (w/ Josiah Olson)
  24. Can Bitcoin Become a Major Currency? Cayman Financial Review, 36, 2014: 78–79. (w/ Lawrence H. White)
  25. Evenly Rotating Economy: A New Modeling Technique for an Old Equilibrium Construct. Review of Austrian Economics, 27(4), 2014: 403–417.
  26. Synthesizing State and Spontaneous Order Theories of Money. Advances in Austrian Economics, 18, 2014: 161–178. (w/ Alexander W. Salter)
  27. An Empirical Analysis of the Austrian Business Cycle Theory. Atlantic Economic Journal, 42(2), 2014: 153–169. (w/ Mark Cohen)
  28. The Explicit Costs of Government-Provided Deposit Insurance. Cato Journal, 34(1), 2014: 145–170. (w/ Thomas L. Hogan)
  29. Friedman Versus Hayek on Private Outside Monies: New Evidence for the Debate. Economic Affairs, 33(1), 2013: 127–35.
  30. Hayek, Keynes, and Modern Macroeconomics. Review of Austrian Economics, 25(3), 2012: 223–241. (w/ Roger Koppl)
  31. The Economics Underlying the Ethics of Fiscal Stimuli. Journal of Lutheran Ethics, 9(3), 2009.

Upcoming Events

"Regime Change at the Fed." Institute for the Study of Free Enterprise, Oklahoma State University, Stillwater, OK

"Bitcoin and Beyond." Free Enterprise Society, Oklahoma State University, Stillwater, OK

"Regime Change at the Fed." Bastiat Society, Nashville, TN

"Is Bitcoin a Bubble?" Political Economy Research Institute, Middle Tennessee State University, Murfreesboro, TN

"Cash, Crime, and Cryptocurrencies." Department of Economics and Finance Research Seminar, Middle Tennessee State University, Murfreesboro, TN

"Cash, Crime, and Cryptocurrencies." Free Market Institute Seminar, Texas Tech University, Lubbock, TX

May 25, 2019
"What Is Money and Why Do We Use It?" Harwood Graduate Colloquium, American Institute for Economic Research, Great Barrington, MA

May 29, 2019
"Is Bitcoin a Decentralized Payment Mechanism?" Sound Money Project Annual Meeting, American Institute for Economic Research, Great Barrington, MA

Full CV

Florida Atlantic University
777 Glades Rd
Boca Raton, FL 33431
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