Nicolás Cachanosky
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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 […]
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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 […]
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There Are Two Ways to Fix Monetary Policy: the Fast Way, and the Right Way
…and the government way. The expectations of modest growth in January by the Fed deflated to moderate growth in mid-March. The monetary policy that the Fed and the Treasury have […]
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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 […]
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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. […]
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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 […]
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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, […]
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Taxes: The Seen and the Unseen
If an inflation tax falls in the forest, and not one in a million understand it, does it make a sound?[1] According to a recent news report by Reuters, “President […]
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Monetary Equilibrium and Relative Prices
There’s long been debate on the role of an elastic money supply in achieving monetary equilibrium in a free market. Namely, should the money supply follow a 100-percent reserve requirement […]
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What Does Regime Uncertainty Look Like?
To follow the development of the Euro crisis it sometimes feels like watching a slow motion movie where we know the final result, but we don’t know how is it […]
