Steven H. Hanke
Articles by Steven H. Hanke
The course of an economy is determined by the course of that economy's money supply (broadly determined). The relationship between money growth and nominal GDP growth is presented in the accompanying chart. It is persuasive. Indeed, money...
The course of an economy is determined by the course of that economy's money supply (broadly determined). The relationship between money growth and nominal GDP growth is presented in the accompanying chart. It is persuasive. Indeed, money...
My Globe Asia column in May was titled “Greece: Down and Probably Out.” Well, it’s out. Yes, Greece descended from drama to farce rapidly.
If all goes according to plan, the left-wing Greek government will come to an agreement with the...
If all goes according to plan, the left-wing Greek government will come to an agreement with the...
With the failure of the Greek government to make a scheduled payment to the International Monetary Fund (IMF), we have moved from high drama to low farce. The Marxists who are running the show in Athens have scored a first: Greece is the...
It's hard to find anything written or spoken about Greece that doesn't contain a great deal of hand wringing about the alleged austerity - brutal fiscal austerity -- that the Greek government has been forced to endure at the hands of...
Since May 2013, Fed taper talk has fluctuated between hot and cold. When it’s hot, the markets anticipate a monetary tightening and prices become volatile.
Recently, speculation about just when the Fed will increase interest rates has...
Recently, speculation about just when the Fed will increase interest rates has...
I estimate the current annual implied inflation rate in Ukraine to be 92 percent. This is the world's second-highest inflation rate, far lower than Venezuela's 480 percent but slightly higher than Syria's 75 percent.
I regularly...
I regularly...
The rule of law subjects the State to a fixed set of rules that limits the scope of its coercive powers. Individuals and their property are protected from the arbitrary, ad hoc actions of the State and other individuals. In consequence,...
The Russian ruble ended 2014 in bad shape. Not as bad as the Ukrainian hryvnia or the Venezuelan bolivar, but bad, nevertheless. For most of 2014, Russia faced an ever-increasing ratcheting up of economic sanctions. These set the...
Led by the charismatic Alexis Tsipras, the Syriza party took office in Athens on January 26th. The most prominent member of the new Prime Minister’s cabinet is Yanis Varoufakis, the Finance Minister. He is an economics professor, with...
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