History
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Argentina, 1500-2023: An Institutional Story
Argentina serves as a case study for the relationship between institutional environments and economic growth, as reality matches the theoretical predictions: economic freedom is a necessary condition for economic growth.
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How Common Has Private Currency Been?
“Private banknotes can still be found in Scotland, Northern Ireland, Hong Kong, and Macau, where they have not yet been banned or taxed out of existence.” ~ Lawrence H. White
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What Can the US Learn from Argentina’s Inflation?
“We can learn by looking at countries that have employed these strategies before. Inflation in the U.S. has been modest by Argentine standards. To keep it that way, the US must avoid repeating Argentina’s mistakes.” ~ Nicolás Cachanosky
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Ben Shapiro versus Lawrence Glickman on the New Deal
In some ways, it is thus clear that the New Deal made things worse. In other words, it is Shapiro who is technically correct.
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Rothbard’s Improper Diagnosis
Money creation was far from excessive in the 1920s. More significant factors leading to the Great Depression include the monetary contraction that began in 1929 and the French repatriation of gold that started in 1927.
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Keynes Didn’t Invent Aggregate Analysis
By conflating the macroeconomics of Keynes with macroeconomics, we run the danger of discarding the contributions that Keynes himself inherited.
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Paper Money in Colonial North Carolina
In a new NBER working paper, Cory Cutsail and Farley Grubb offer a novel data set on North Carolina’s paper-money regime (1712-1774).
