Nicolas Cachanosky

NGDP targeting: is five percent too much?

That’s the title of a new working paper that you can find here. The topic is closely related to a previous post that I wrote here at the Sound Money Project. In that […]

Sound Money Project Breakfast in New York City

During a special session following the 2014 Liberty Forum & Freedom Dinner, Dr. Judy Shelton and Seth Lipsky, founder and editor of the New York Sun, presented a session on […]

Recap of the 32nd Cato Monetary Conference

On November 6th, The Cato Institute in Washington DC held the 32nd Cato Monetary Conference. Last year, the topic of the conference was an assessment of the 100 years of […]

Is the U.S. the right geographical benchmark for the Fed?

Last Wednesday, the Federal Reserve announced that the QE policy has reached its end. After commenting on the improvement of U.S. economic indicators, the announcement states that “[a]ccordingly, the Committee […]

bright america

Lenders of last resort

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 […]

Sterlingization in Scotland

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 […]

A model for a free market monetary reform

Despite the approval and respect central banks receive around the world, it is questionable that even the best of them managed to outperform previous monetary institutions (see, for instance, here). […]

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