International

Wednesday, August 22nd, 2018

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.

Thursday, July 26th, 2018

Whether Iran deserves to be re-embargoed is a complicated matter. But we know for sure that such embargoes put the dollar's dominant role in the global payments system at risk.

Thursday, January 25th, 2018

Trump seems to understand what is wrong with red tape and high costs within the borders but he seems blind to the terrible costs of doing the same to goods and services that cross the border into the United States.

Sunday, July 16th, 2017

The Federal Reserve’s (Fed) and European Central Bank’s (ECB) policy responses to the recent financial disasters offer two tales of unintended consequences.

Monday, January 5th, 2015
As several of the worse performing currencies are in countries where the government manipulates statistics and exchange rates, it is not easy to come up with a perfect ranking. Using the inflation rate is a good approximation.
Monday, February 11th, 2013

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.

Tuesday, January 22nd, 2013

Contrary to what the doomsters have been telling us, China’s economy is not on the verge of collapse.

Wednesday, December 5th, 2012

In his recent Mises Daily article "Fool's Gold Standards," John P. Cochran warns his readers against accepting any monetary reform less than that of money created by the free market.

Thursday, November 29th, 2012

Amazingly, the government is capable of losing money by making money.

Monday, November 26th, 2012

Loophole in Western Sanctions Allows Iran to Buy Gold in Turkey With Turkish Payments for Gas Imported From Iran

Friday, November 2nd, 2012

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:

Monday, October 29th, 2012

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.

Friday, October 26th, 2012

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.

Thursday, October 25th, 2012

My October 2009 Globe Asia column was titled “Iran’s Death Spiral.” In light of the recent events that have transpired in Iran, I think I might have been onto something back in 2009.

Friday, October 19th, 2012

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.

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