Nicolás Cachanosky
Two Tales of Unintended Consequences of Monetary Policy – Tale 1
Even when a policy is successful in achieving its desired ends, we have to consider its unintended and unforeseen consequences, resulting from cumulative market adjustments to policy changes that make […]
The Rule of Law vs the Rule of Experts
Our worldviews shape the ways in which we approach problems, challenges, and questions. Our “worldviews,” as I refer to them in this post, are so deeply embedded in our minds […]
What the Gold Standard Is and Why Government Killed It
This piece originally appeared in Learn Liberty The gold standard is both a strongly advocated and vehemently opposed monetary regime. Both positions, however, usually rely on misconceptions on what the […]
Against the War on Cash
In recent years, economists and central bankers have been advocating moving away from cash transactions towards an economy relying fully on financial transactions. At prima facie, this seems to be […]
What interest rates really are and what happens when governments change them
This piece originally appeared in Learn Liberty By Nicolás Cachanosky When you pay interest, what are you paying for? Interest rates are one of the most confused subjects in economics. […]
The asymmetry of central bank power
For some time now, a lot of attention has been put on the Federal Reserve’s decision on whether or not to increase the federal funds rate target or to leave it unchanged […]
Natural rate of interest: Is it that low?
One of the open questions since the subprime crisis is whether or not the natural rate of interest is as low as the federal funds rate. The natural interest rate is the […]
Austerity isn’t failing, big government is
Bill Emmott at Project Syndicate claims that austerity is failing—just look at the poor European recovery after the financial crisis and the weak Japanese economy. Austerity is not working and therefore […]
On Brexit
There has been a strong (and I’m inclined to say emotional) negative reaction to the Brexit. But really, it doesn’t have to be the end of the world for the British economy. Being […]
IMF economists criticize “neoliberalism”
In a recent Finance & Development piece, several IMF economists came together to criticize neoliberal reforms made by governments across the globe. Their main argument is that, “Instead of delivering […]
