It was reported last week that the January Consumer Price Index (CPI) rose .5%, which was up from the previous month. So while the number is falling, some think the .5% jump versus .1% the previous mo...
Tag: Steve Hanke
Milton Friedman Isn’t Required To Confirm That Monetarism Is Monetary Phrenology
Anna Fifield is a long-time reporter on North Korean matters for the Washington Post. In a book Fifield wrote about the dysfunctional country, she noted that the U.S. dollar is the currency of exchang...
Those Predicting a ‘Fed-Induced Recession’ Misunderstand the Meaning of Recession
“You’re joking? How big is your fund?” Those questions were posed by a top Lehman Brothers investment banker in the early 2000s. He was on the phone with a top Australian investment banker; albeit at ...
Monetarism Imagines a World That Doesn’t Exist…And That Never Has
Last Monday Johns Hopkins economists John Greenwood and Steve Hanke penned an opinion piece for the Wall Street Journal that made a confident case for the Federal Reserve as planner of so-called “mone...
How Can Putin Afford War In Ukraine? His $130 Billion Gold Horde Helps
Putin visiting the Central Depository of the Bank of Russia in 2011. AFP via Getty Images How can Russian President Vladimir Putin afford the costs — both direct and indirect — of a new war in Ukraine...