Writing
Essays and commentary
Writing for a general audience on monetary policy, the Fed, dollarization, and Argentina — at my own Substack, Economic Order, and in The Daily Economy.
Substack
Full archive on Substack ↗Economic Order
- Argentina Climbed 11 Places in the 2026 Economic Freedom Index. One Variable Did Most of the Work.Argentina climbed 11 places in the 2026 economic freedom index. One exchange-rate component explains most of it.
- The Boomerang Effect: Why Militarized Policing Didn't Start at HomeA public choice reading of Coyne and Hall’s Tyranny Comes Home, and what it says about the tools ICE has — regardless of who's giving the orders
- When Is a Disagreement a Paradigm War—And When Is It Just a Family Feud?Freshwater and saltwater economists debated for a generation before the field converged on a synthesis. Was this a paradigm clash or a family feud, and why the distinction matters?
- Argentina's House Just Passed a New Central Bank Charter. It Won't Be Enough.A better law is welcome. But if legal text can't tie a government's hands, the fix has to be structural, not textual.
- Why Economists Make Bad CEOs (and Vice Versa)Being right about the economy and being right about your firm are not the same skill.
- Argentina's MSCI: The Index That Didn't MoveS&P and Fitch upgraded Argentina. MSCI still won't even open a review. What is MSCI pricing?
- Can Populism Be Undone?Reversing populist legacies requires more than winning an election — or changing the policies. It requires rebuilding the institutions that populism spent years dismantling.
- When the Populist Leaves, the Policies StayPopulist governments come and go. Their economic legacies are harder to dislodge.
Economic Order
Subscribe to Economic Order.
I write Economic Order on economic policy and research: monetary policy, dollarization, Argentina, and political economy.
Commentary
Columns and op-eds
Including the Sound Money Project at the American Institute for Economic Research, published inThe Daily Economy.
2026
- July Inflation Rises, But Weakening Labor Complicates Fed's Choice
- Fed's Task Force Should Fix What It Targets
- The Fed Needs Independence, Not Immunity
- Trump v. Cook Won't Settle the Fed's Independence Problem
- What Makes a Good Federal Reserve Chair? It Depends on Independence
- Warsh or Not, The Fed's Next Chair Will Inherit Too Much Power
- The Regulatory Pendulum: Why Financial Rules Keep Missing the Mark
2025
- Better Policy is Not Enough in Argentina
- Why the Erosion of Central Bank Independence Matters
- One Big, Beautiful Tradeoff for the Fed
- Fed Goes Back to Basics with Framework Revisions
- No Return to the Old Balance Sheet, Fed's Waller Says
- Fed's Bowman on the Risks of 'Set It and Forget It' Regulatory Culture
- Trump v Powell: The Credibility Cost of Politicized Monetary Policy
- 'Audit the Fed': Meaning and Risks
2024
- The Ongoing Case for Argentine Dollarization
- Deregulatory Lessons from Argentina: How Javier Milei Lowered Rent Prices 40%
- Beware of Conflict Theories of Inflation
- Milei's New Monetary Regime for Argentina
- Politicizing Monetary Policy Won't Fix the Fed's Failings
- Is Argentine Disinflation Sustainable?
- Fact-Checking "Greedflation"
- Does Argentina Have Enough Dollars to Dollarize?
- Dollarization in Argentina: A Missed Opportunity
- The Fed Says Its Record Losses Don't Matter
- Who's Winning the Race for Real-Time Payments?
2023
- Dollarization Is Not Magic
- Lessons from Argentina's Dollarization Debate: The Challenge of the Commitment Device
- Hyperinflation and Dollarization: A Path to Economic Stability for Argentina
- Dollarization Is A Cost-Effective Solution for Argentina
- How Crazy Do You Have to Be to Support Dollarization?
- Is Dollarization a Mirage?
- Dollarization and the Lender of Last Resort
- The Costly Late Arrival of FedNow
- The Federal Reserve's Quasi-Fiscal Deficit
- Don't Raise the Target; Change the Framework