Phrase by 'Steve Hanke'
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With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets.
Author: Steve Hanke - American EconomistGreat , Free , Lost , Champions
Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.
Author: Steve Hanke - American EconomistMost , Use , Exchange , Economists
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.
Author: Steve Hanke - American EconomistAgainst , Different , Dollar , China
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.
Author: Steve Hanke - American EconomistDay , Little , Order , Movement
Since the end of the 1970s, free-market capitalism has been in, and socialism has been out.
Author: Steve Hanke - American EconomistEnd , Capitalism , Out , Socialism
During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long as inflation remains at or below its target level, the Fed's modus operandi is to panic at the sight of real or perceived economic trouble and provide emergency relief.
Author: Steve Hanke - American EconomistView , Long , Trouble , Real
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