Nicolás Cachanosky
Was Gold Standard too Expensive?
There are two main reasons usually mentioned to prefer fiat money over gold standard. One is that fiat money offers more flexibility to do fine tuning on the economy and […]
Say’s Law and Keynesian Economics
It is reflected in Keynesian economics that the solution to a crisis is to expand aggregate demand. The economy is not producing at its maximum capacity; it is located inside […]
Is Money a Public Good?
It is a common position in welfare economics that government should let the market work except in those situations where it fails to deliver efficient results. One of those situations […]
Dollar Based Free Banking: A Possible Road to Sound Money?
In The Theory of Free Banking (1988), George Selgin offers a monetary reform proposal to go from the actual monetary system based on a monopolistic control of money to a […]
The U.S. Debt Burden
In the aftermath of the financial crisis, the U.S. public debt-to-GDP ratio has been receiving special attention. A recent report from the Treasury to Congress said that the ratio of […]
Implicit Inflation
The problem of inflation is a major concern in economics; it gives rise to economic discoordination and affects the distribution of wealth. Among most economists, inflation is generally seen just […]