If you squeeze and squeeze, and you don't allow the Iranians to sell any oil, then what do they have to lose by shutting the Strait of Hormuz down? And if they do that, that's 35% of all the world's… — 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
