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% of the total money supply. — Steve Hanke Copy Share Image
There is always the potential for a central bank to engage in discretionary monetary policy and to break the one-to-one link between changes in foreign reserves and changes in the money supply. — 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
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
Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day. — Steve Hanke Copy Share
With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets. — Steve Hanke Copy Share
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
Trade balances are determined by national savings propensities, not exchange rates. — Steve Hanke Copy Share
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
Mercantilism was an insidious economic theory that held Europe in its thrall in the 16th, 17th and 18th centuries. — Steve Hanke Copy Share
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
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
During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long… — Steve Hanke Copy Share
There is always the potential for a central bank to engage in discretionary monetary policy and to break the one-to-one link between changes in… — Steve Hanke Copy Share
After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate. — Steve Hanke Copy Share
