Steve Hanke

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 ever-depreciating phase against the U.S. dollar.

Although floating and fixed rates appear dissimilar, they are members of the same freemarket family. Both operate without exchange controls and are free-market mechanisms for balance-of-payment adjustments.

Stacey Napp understands the ugly side of divorce - which is often the side that involves money. In fact, she understands it so well that in 2008 she started a business, Balance Point Divorce Funding, which invests in divorce and probate litigation, helping clients cover costs in exchange for a share of the winnings.