Articles
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Inflation Targeting in Argentina: What Went Wrong?
To reduce inflation and keep the Argentine peso stable going forward, the Macri administration adopted an inflation-targeting regime. But, just 26 months after its implementation in September 2016, the inflation-targeting regime had failed. What went wrong?
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Are Financial Crises Driven By Supply Or Demand Shocks?
In a new NBER working paper, Felipe Benguria and Alan M. Taylor consider whether financial crises usually stem from the demand or supply side of the market.
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Sound Money Project Essay Contest
What are the merits of returning to the gold standard? Is such a system feasible today?
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Did Tight Monetary Policy Result in a Sluggish Recovery?
Some claim that, over the last decade, tight monetary policy slowed down what would otherwise have been a rather speedy recovery. Can that possibly be right?
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Stateless in the Walled City of Kowloon
Are lovers of liberty ever to turn our faces toward the sun, standing on truly free soil? Remembering the Walled City of Kowloon should energize our determined, but peaceful, fight.
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Small Business Earns Big Bucks by Selling Through Amazon
Amazon is often portrayed as the big, bad corporation that helped kill brick-and-mortar stores nationwide. However, a recent report shows the online retailer has actually helped small businesses flourish, boosting their sales across state lines.
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Why did Bitcoin’s Price Increase by 24% in 90 minutes?
Volatility is to be expected for new media of exchange. But one should also be able to trace a lot of that volatility to news.
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Monetary Policy Rules Are Not Enough
A monetary rule would provide guidance and stability. But monetary rules are not incentive-compatible for monetary policy makers.
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The Costs of Dodd-Frank
The jury is still out on whether Dodd-Frank has made the financial system more robust. But we are starting to get a clearer picture of what impact it has had on compliance cost, bank lending, and bank consolidation.
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What if Government Suddenly Disappeared?
The unknown history of Neutral Moresnet proves that there is an inverse relationship between the size and scope of government and the potential for both peace and prosperity.
