Archive for the ‘Popular Articles’ Category

Bulgaria’s Currency Board versus Ukraine’s Chaos

By Steve H. Hanke When Communism inevitably and finally collapsed, Bulgaria’s economy was a basket case – behind almost all other communist basket cases, including Ukraine’s. Indeed, Bulgaria defaulted on its debt in 1990. By February 1991, Bulgaria had broken out in a bout of hyperinflation,...
February 28th, 2014 | Popular Articles, Resources | Read More

QE is a Mistake—a Big One

by Allan H. Meltzer, Carnegie Mellon University and Hoover Institution With $2.5 trillion sitting idle on bank balance sheets and more than $2 trillion additional sitting on corporate balance sheets, we should expect the Federal Reserve to ask: What can more quantitative easing—QE—do that banks and...
February 26th, 2014 | Popular Articles, Resources | Read More

Prof. Bernanke’s Monetary Mess

By Steve H. Hanke             Most who have graded Prof. Ben Bernanke’s twelve years at the Federal Reserve have issued marks which range from A to a gentleman’s C. I think those marks are much too generous. Indeed, I think a failing mark would be more appropriate. In the ramp up to Britain’s...
January 22nd, 2014 | Popular Articles, Resources | Read More

Europe’s Bank Money Blues

By Steve Hanke   Well, it’s official, the economic talking- head establishment has declared war on Germany. The opening shots in this battle were fired by none other than the United States Treasury Department, which had the audacity to blame Germany for a weak Euro- zone recovery in its semi-annual...
November 22nd, 2013 | Popular Articles, Resources | Read More

Yellen, the Hawk?

  By Steve H. Hanke This article appeared in the November 2013 issue of Globe Asia.   Well, it’s official. President Obama has picked Janet Yellen as his nominee to be the next Federal Reserve Chairman. In the months leading up to this announcement, the press unanimously dubbed Yellen the...
October 29th, 2013 | Popular Articles, Resources | Read More