Sunday, 20 August 2017

Monthly Archives January 2016

Economic headwinds: Big players, regime uncertainty and the Misery Index

Posted by Steve H. Hanke
January 29, 2016

Before we delve into the economic prospects for 2016, let’s take a look at the economies in the Americas, Asia, Europe and the Middle East/Africa to see how they fared in the 2014-15 period. A clear metric for doing this is the misery index. For any country, a misery index score is simply the sum […]

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Sound money isn’t what you think it is

January 28, 2016

Many people define sound money as being when a currency’s purchasing power is not declining, but stable. This isn’t quite right, so let’s drill down. Consider two relentless processes occurring in the economy. They are both happening at all times, but it will be easier to look at them separately. One is good, and one […]

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What Austrian business cycle theory does not predict

January 13, 2016

Many economists who have broadly free market views on money are sympathetic to the Austrian theory of the business cycle (ABCT).  As developed in the early part of the 20th century by Ludwig von Mises and Friedrich Hayek, and further refined in recent years by Steven Horwitz and Roger Garrison, ABCT links the business cycle to […]

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Juan C. Cachanosky (1953 – 2015): See you on our next morning walk

January 11, 2016

These are likely the most difficult lines that I have had to write in a very long time, if not ever. Juan Carlos Cachanosky, my dad, passed prematurely on December 31st, 2015, at the young age of 62. Frank Sinatra was probably his favorite singer, and his version of “May Way” was probably his favorite song. He […]

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Taylor, Sumner and Selgin at the Cato Monetary Conference

January 7, 2016

In this post I want to briefly comment on three points raised by J. B. Taylor, George Selgin, and Scott Sumner. Though these points have been raised before in the literature, they are certainly worth reviewing. J. B. Taylor delivered his lecture on the challenges of monetary policy in an international context. The first challenge, […]

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Selgin on real and pseudo monetary policy rules

January 4, 2016

In a recent post, I discuss the long run benefits of adhering to a monetary policy rule. Not all rules are created equally though. There are good rules and bad rules. George Selgin offers an excellent summary of the issues in his presentation at the Cato Institute’s 33rd Annual Monetary Conference.  

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