Sanctions historically are quite counterproductive in the sense that if you impose sanctions on your enemy, it tends to strengthen your enemy. Steve Hanke counterproductiveenemyhistorically Change image and share on social
When I was operating as one of President Reagan's economic advisers, an early assignment was to analyze the federal government's landholdings and make recommendations about what to do with them. This was a big job. These lands are vast, covering an area six times that of France. Steve Hanke adviseranalyzearea share on social
There has never been a failure of a currency board anywhere in the world. These are tough systems, and when I say they are foolproof, that's exactly the case. Steve Hanke boardcasecurrency Change image and share on social
In April 2013, Nathaniel Popper of 'The New York Times' reported on Bitcoin in an article titled, 'Digital Money is Gaining Champions in the Real World'. Steve Hanke aprilarticlebitcoin Change image and share on social
In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase. Steve Hanke bitcoindramaticfill share on social
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 dose of reality is most edifying. Steve Hanke abstractallowbenefit share on social
Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates. Steve Hanke economistexchangefix Change image and share on social
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. Steve Hanke adjustmentbalancecontrol share on social
With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets. Steve Hanke championfreefriedman Change image and share on social
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 backbitcoinbuy Change image and share on social
