Nicolas Cachanosky

Economics

Better Policy is Not Enough in Argentina

Since taking office as Argentina’s president in December 2023, Javier Milei has done something remarkable. He has reduced the annual…

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Economics

Why the Erosion of Central Bank Independence Matters

Central bank independence isn’t just wonky economic theory. It’s a stabilizing force in fiat money-using economies. When shortsighted politicians control…

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Economics

One Big, Beautiful Tradeoff for the Fed

President Trump’s “One Big Beautiful Bill” (OBBB) is a mixed bag for the Federal Reserve. On the one hand, OBBB’s…

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Economics

Fed Goes Back to Basics with Framework Revisions

Federal Reserve Chair Jerome Powell announced changes to the Fed’s monetary policy framework in his remarks at the annual Jackson…

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Economics

No Return to the Old Balance Sheet, Fed’s Waller Says

Federal Reserve Governor Christopher Waller recently offered his perspective on the Fed’s balance sheet, which still stands at over $6.6…

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Economics

Fed’s Bowman on the Risks of ‘Set It and Forget It’ Regulatory Culture

Federal Reserve Vice Chair for Supervision Michelle Bowman offered a pointed observation last week: some of the most consequential shifts…

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Economics

Trump v Powell: The Credibility Cost of Politicized Monetary Policy

The tension between former President Donald Trump and Federal Reserve Chair Jerome Powell has reignited, following the Fed’s recent decision…

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Economics

“Audit the Fed”: Meaning and Risks

Recent comments from Elon Musk suggest his Department of Government Efficiency (DOGE) Team has its eye on the Federal Reserve.…

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Economics

Beware of Conflict Theories of Inflation

"This perspective emphasizes that social conflicts are the central cause of inflationary pressures. The Marxist undertones of CTIs suggest that…

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Economics

Milei’s New Monetary Regime for Argentina

"Despite its controversial nature, full dollarization remains the monetary regime with the most potential for long-term stability in Argentina. It…

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