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Luis Pablo De La Horra

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  • Monetary Stability and the Independence of the Federal Reserve Bank

    Monetary Stability and the Independence of the Federal Reserve Bank0

    Monetary stability is essential for countries to thrive. A stable currency reduces uncertainty about the future price level, allowing businesses to make long-term investment decisions without worrying about the negative impact of unexpected spikes in inflation. This is in turn boosts economic growth via higher investment spending. Central banks are supposed to guarantee monetary stability.

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  • Underemployment: The American Economy’s Biggest Underreported Story

    Underemployment: The American Economy’s Biggest Underreported Story0

    Both economists and the media constantly monitor the unemployment rate. And for good reason. It says a lot about the health of the economy.   But it isn’t the only significant one. The underemployment rate provides a different, but very important, look into the labor market. Underemployed is defined as an individual with a college degree

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  • Zimbabwe Is a Basket Case; Botswana Shows It Doesn’t Have to Be

    Zimbabwe Is a Basket Case; Botswana Shows It Doesn’t Have to Be0

    Over 500 days have passed since Robert Mugabe, Zimbabwe’s longtime dictator, was overthrown. He had been in power for 37 years.   In an article published one year after the ouster, Washington Post’s Max Bearak claimed that the country looked pretty much the same without Mugabe. He was right. And the same could be said

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  • Economies Do Better Under Democracy

    Economies Do Better Under Democracy0

    The tremendous economic growth of China over the last three decades has reinforced the perception that authoritarian countries can spur economic growth just as efficiently as democracies. China isn’t the only example of this. The autocratic governments of Pinochet’s Chile or Lee Kuan Yew’s Singapore seem to confirm the idea that long-term economic growth are

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