The Chinese government’s insistence on “making China great again” through various forms of command and control (at home and abroad) suggests that things are not likely to work out according to plan.
The Federal Reserve’s (Fed) and European Central Bank’s (ECB) policy responses to the recent financial disasters offer two tales of unintended consequences.
The purpose of keeping accurate accounts is to quantify net worth at any given point in time – as well as the change from a prior date.
I have finally had a chance to read in full the unsigned report by the European Central Bank that I mentioned earlier this week. The report is quite impressive. The report clearly states the advantages of Bitcoins versus current credit/debit cards:
Many policymakers and experts on the economy in the United States and abroad have recently highlighted the benefits of gold-based monetary policy, and governments have increased their own gold holdings in recent years.
Prof. Steve H. Hanke, Professor of Applied Economics at the Johns Hopkins University believes that Iran is facing hyperinflation, with a monthly inflation rate of nearly 70% per month and its national currency, rial, has lost its value against the U.S. dollar dramatically.
Steve H. Hanke, Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise, and his team of 10 undergraduates, known as the bullpen, were the first ones to come to the realization that Iran was undergoing hyperinflation after studying the black market exchange rate in the country.