Nicolas Cachanosky

Jobs, and Obama’s Common Sense

Reuters reports that employers cut back on hiring, again, in the month of April. Certainly this is a very important outcome in an election year. The perceived health of the […]

Missing the Point

At The Economist blog Free Exchange, different opinions on the situation of Europe are discussed. More precisely, would fiscal austerity have made a difference, or was fiscal policy the right […]

A Prisoner’s Dilemma in Free Banking?

Everything looks monopolistic if you leave out competition. There are several criticisms to the system of free banking. One of them relies on the conclusion that such system will converge […]

Labor Unrest in Spain

Well, they do still have to honor siesta… The recent manifestations in Spain against a labor reform are just another symptom of the precarious situation in Europe. Even though Spain […]

Digging Up and Digging Down Gold

The Gold Standard is the worst standard, except for all the others. In a recent post at Nada es Gratis (Nothing is Free), Jesús Fernández-Villaverde discusses a visit to the […]

Unexpected Expectations

Expectations are a key concept in economics. If expectations are coordinated, then the economy is equilibrated and no accumulation of imbalances take place. Rational expectations, more particularly, sustain that even […]

Recovery or Unsustainable Boom?

When you can’t be sure, remember that whatever the government tells you… it’s the opposite. The Economist reports that: “THERE are tantalising signs of good news in the world economy. […]

Would the Real Gold Standard Please Stand Up?

“Bears are animals. Animals have four legs. Chairs have four legs. Therefore, chairs love honey.” What’s wrong with this logic? Don’t ask opponents of the Classical Gold Standard… The gold […]

Should Lawmaking Be Against the Law?

The short answer is “yes,” with a “but”; the long answer is “no,” with an “if.” For a market to work and grow, certain rules should prevail and be protected, […]