Why is it so hard for the IMF and the U.S. government to understand that putting out the fire comes before fireproofing the building? Steve Hanke Read Quote
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 Read Quote
Since China embraced Deng Xiaoping’s reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar. Steve Hanke Read Quote
After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate. Steve Hanke Read Quote
Since the end of the 1970s, free-market capitalism has been in, and socialism has been out. Steve Hanke Read Quote
Trade balances are determined by national savings propensities, not exchange rates. Steve Hanke Read Quote
Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day. Steve Hanke Read Quote
When the dollar goes down relative to other currencies, the price of wheat, corn, rice and oil all go up in dollar terms. Steve Hanke Read Quote
In Argentina, if the weather is bad, critics will blame it on the currency board. Steve Hanke Read Quote