The most important lesson to take away from allowing the minimum wage and unemployment benefit data to talk is that abstract notions of what is right, good and just should be examined from a concrete, operational point of view. A… — Steve Hanke Copy Share Image
During the last two centuries, there have been many deflations throughout the world. Almost all of them have been good ones precipitated by technological innovation, rising productivity, global capital flows, and sustained economic growth. If farm mechanization cuts the price… — Steve Hanke Copy Share Image
In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the… — Steve Hanke Copy Share Image
Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an… — Steve Hanke Copy Share Image
Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day. — Steve Hanke Copy Share Image
With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets. — Steve Hanke Copy Share Image
Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26%… — Steve Hanke Copy Share Image
Trade balances are determined by national savings propensities, not exchange rates. — Steve Hanke Copy Share Image
In April 2013, Nathaniel Popper of 'The New York Times' reported on Bitcoin in an article titled, 'Digital Money is Gaining Champions in the… — Steve Hanke Copy Share Image
Mercantilism was an insidious economic theory that held Europe in its thrall in the 16th, 17th and 18th centuries. — Steve Hanke Copy Share Image
In January 2013, one could buy a Bitcoin for about $13. By late November, one Bitcoin would have set a buyer back over $1100. — Steve Hanke Copy Share Image
There has never been a failure of a currency board anywhere in the world. These are tough systems, and when I say they are… — Steve Hanke Copy Share Image
