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
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
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
In Argentina, if the weather is bad, critics will blame it on the currency board. Steve Hanke argentinabadblame Change image and share on social
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 bankbreakcentral 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
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
Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates. Steve Hanke economistexchangefix Change image and 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
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
