Government buffer-stock schemes are rife with politics, and instead of generating profits from buying low and selling high, they tend to generate losses. — Steve Hanke Copy Share Image
With interest rates artificially low, consumers reduce savings in favor of consumption, and entrepreneurs increase their rates of investment spending. — 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
