Nicolás Cachanosky
The Future of Fed Policy
Monetary policy has changed significantly in the last decade. How should the Fed move forward?
Two Myths of the Great Recession
Ten years after the 2008 financial crisis, economists are beginning to assess the lessons learned. Sometimes we learn the right lessons. Sometimes we learn the wrong lessons.
The Problem with Stable Coins
Price volatility is a big problem in the crypto world. But stable coins like Tether, Sagacoin, and Basis have their own issues.
Elastic Cryptocurrency Supplies: A Step in the Right Direction
A fixed money supply is not a good monetary rule. Efforts to move toward more elastic supplies should be welcomed.
Gunther Schnabl on Exit Strategies from Unconventional Monetary Policy
The consequences of proposed exit strategies deserve serious attention. Schnabl’s work is a step in the right direction.
The Super-alertness of Central Bankers
Central bankers need not merely be alert to market disequilibria. They must foretell, without the proper information, how the whole market will react to new conditions.
Cryptocurrencies in Service of Those Most in Need
A new blockchain initiative promises to make it easier for refugees transporting wealth.
The Over-Codification of Financial Regulation
Thomas M. Hoenig warns that regulators are trying to run regulated businesses rather than police them.
Not All Crises Are Due to Unexpected Shocks
In the case of Argentina, three particular problems call into question the “surprise” explanation of the currency crisis.
Bitcoin vs. the Mobile Phone
Bitcoin is cheap and easy to use. But it has a long way to go before becoming widely accepted.
