Tuesday, 27 June 2017

Author Archives Steve H. Hanke

Public infrastructure: Welcome to the world of waste, fraud, and abuse

Posted by Steve H. Hanke
November 28, 2016

This article appeared in the December 2016 issue of Globe Asia Economic policy is subject to fads and fashions. The most recent economic-policy fad is public infrastructure. Its advocates include progressives on the “left” – like President Obama, Hillary Clinton, and Bernie Sanders – and populists on the “right” – like President-elect Trump. They tell us to […]

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The twists and turns of the greenback

Posted by Steve H. Hanke
October 27, 2016

This article appeared in the November 2016 issue of Globe Asia. At a monetary conference in Vienna back in 2014, the distinguished Frenchman, friend, and occasional collaborator Jacques de Larosière proclaimed that the current world monetary order should be termed an “anti-system.” He has a point – an important point. Among other things, such an anti-system […]

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Enhance prosperity and improve health: Slash regulations, please

Posted by Steve H. Hanke
October 3, 2016

This article appeared in Globe Asia. Productivity and economic growth continue to surprise on the downside in most countries. While there is a great deal of handwringing over the so-called productivity puzzle, little attention is given to the real elixir: freer markets and more competition. Indeed, the policy tide is moving in the opposite direction in […]

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On the Italian and eurozone doomsday scenario

Posted by Steve H. Hanke
July 27, 2016

This article appeared in the June 2016 issue of Globe Asia. On June 23rd, the voters in the United Kingdom (UK) turned a collective thumbs-down on the European Union (EU). The Brexit advocates – the ones who had had enough of the EU’s mandates and regulations – won the day. But, this is only the first […]

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Venezuela vs. Ecuador (Chavismo vs. Chavismo Dolarizado)

Posted by Steve H. Hanke
June 24, 2016

This article appeared in the July 2016 issue of Globe Asia. With the arrival of President Hugo Chávez in 1999, Venezuela embraced Chavismo, a form of Andean socialism. In 2013, Chávez met the Grim Reaper and Nicolás Maduro assumed Chávez’ mantle. Chavismo has not been confined to Venezuela, however. A form of it has been adopted by […]

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On the price of oil

Posted by Steve H. Hanke
June 8, 2016

This article appeared in the June 2016 issue of Globe Asia. Since its high of almost $108/bbl in June of 2014, we have witnessed a stunning collapse in the price of oil. Indeed, in February 2016, a barrel of West Texas Intermediate (WTI) was trading at $26/bbl, a 76 percent plunge from the June 2014 highs. […]

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