While advocates of dollarization in Argentina recognize that adopting the US dollar as the country’s legal tender currency is not sufficient to end a…
It is important to be conscious about assumptions used in different arguments.
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After 15 years of a rising trend of inflation, there are no signs of improvement in the short-run for Argentina's monetary disequilibrium.
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A conflicting definition Any textbook defines inflation as an ongoing increase in the (general) price level. Put it differently, inflation is when (on…
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Foreign shocks affect dollarized economies more than countries that have their own central banks... or do they?
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The White House is passing economic growth for a post-pandemic recovery.
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The Mont Pelerin Society (MPS) announced its 2022 Hayek Essay Contest for young scholars. Winners will receive a cash award and a travel grant to…
Lessons from dollarized countries in Latin America.
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My latest on AIER on the Warren-Sanders thesis that inflation is driven by greed. Blaming high inflation on corporate greed has become a favorite…
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Can MMT dodge the high inflation challenge using supply chain restrictions?
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Income distribution discussions typically ignore unavoidable dilemmas
A new edited book by D. J. D'Amico and A. G. Martin on Austrian economics is out. This edition discusses the role of new social scientific methods and…