There Are Good Reasons for Monetary Rules
There are two ways to conduct monetary policy. One approach consists of giving monetary policymakers the discretion to decide their...
Nicolas Cachanosky
Are Supply Chain Issues Driving Inflation?
A recent New York Times poll finds that Americans disagree about the cause(s) of inflation. The poll lists several supply-chain...
Do Greedy Countries Have Higher Inflation?
Blaming high inflation on corporate greed has become a favorite pastime of some prominent politicians. Senator Elizabeth Warren (D-MA) has...
What Can the US Learn from Argentina’s Inflation?
According to the Bureau of Labor Statistics, inflation was a whopping 7 percent in 2021––the highest it has been since...
How Much Can the Supply Chain Explain the Rise of Inflation?
Only a few months ago, we heard that inflation was not a problem, that it would be a transitory condition...
Cryptocurrencies and the National Bank Act: Learning the Wrong Lessons from History
Policymakers have been quick to compare cryptocurrencies to historical wildcat banks. SEC Chair Gary Gensler argues that stablecoins are similar...
Permanent or Transitory Inflation: An Analytical Framework
July marked record-high year-on-year inflation since the 2008 crisis. Naturally, inflation has become a matter of concern not only in...
