Prof. Steve Hanke

Prof. Steve Hanke


Applied Economist @JohnsHopkins | Sr. Fellow & Director #TroubledCurrencies Project @CatoInstitute | @Forbes | FX & Commodities Trader | Reagan White House Alum

312288 followers  •  6912 follow  •    •   http://t.co/g7QtfrgXlV

@BorisJohnson 's government has botched its response to #COVID . Despite massive public spending and another round of #sledgehammer  #lockdowns , the #UK  is poised to contract by more than any of its #G7  peers, while its COVID deaths soar.

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@alferdez  is another clueless Argentine President. His #Sledgehammer  lockdowns in Arg. haven't prevented the spread of #COVID . He claimed he would #nationalize  @RepsolWorldwide , but decided not to. And #Inflation  rages, at 118.26%/yr by my measure. More Arg. govt. incompetence.

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@NPR  reports the story of Abu Alaa, a Syrian in Damascus who wakes up at dawn to wait 6 hrs to buy just 2 packets of bread, followed by another 6 hrs for fuel. But Abu Alaa isn't alone: millions of Syrians have to deal with this. Today, I measure Syria’s inflation at 227.03%/yr.

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#BREAKING : wit @MBuhari  asleep at the wheel #endSARs    protests roll on. Where i #Sleepy  #Buhari  as his citizens are protesting in the streets?

#EconWatch : #turkey '>I #Turkey #COVID  cases AND deaths are spiraling out of control. Over 30,000 new cases were recorded in a single day, with daily deaths setting a new record @RTErdogan  ’s solution? More ineffectiv #lockdowns  .

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#Lebanon 's real GDP is projected to contract by 19.2% in 2020, putting over half the country in poverty. To make matters worse, I measur #inflation  each day, and it’s raging at 268.74%/yr. The only thing that can save Lebanon is a currency board.

#Nigeria ’ @cenbank  is introducin #SpecialBills  - short-term, zero-coupon securities - in an effort to control Nigeria's money supply. Wit #Inflation  raging at 32.10%/yr by my measure, the real way to smash inflation is with #CurrencyBoard  .

#India 's economy shrank 7.5% in the last quarter, making it one of the worst-performing major economies. 140M people have also lost their jobs due to ill-advise #Lockdowns  . A #Modi  obsesses ove #Hindutva  politics, India tanks.

In #Venezuela  @maduro_en 's corrupt socialist leadership has crashed the economy and allowed crime and chaos to reign. Venezuelans are voting with their feet. Yes, they are trying to escape the ravages of #Socialism  as fast as they can. Just look at the numbers.

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What does #XiJinping  think of #FreeMarkets ? Just look at his favorite "entrepreneur" Zhang Jian. He has built a business empire via monopolies that the #Communists  have granted him. For Xi, there’s one kind of capitalism: crony capitalism.

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@MBuhari  has failed. #Nigeria  is in the grip of chaos. Bandits control major highways. The government can’t protect its own citizens from #BokoHaram  or the #Corrupt  police. #Unemployment  stands at 27.1%, and #Inflation  - which I accurately measure every day - soars at 30.37%/yr.

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#Nigeria now ranks 146th out of 180 countries in Transparency International's Corruption Perceptions Index, slipping from 136th place when @MBuhari  was first inaugurated. Under Buhari's “watchful eye”, corruption runs rampant.

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Ever since Sleepy @MBuhari  took office in 2015, #Nigeria 's government has been among the least effective in the world. Sleepy remains asleep at the wheel.

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This isn’t the Gestapo or KGB. These are #Modi ’s #RSS  thugs breaking into #Muslim  homes, pillaging & assaulting with impunity. #BJP ’s radical #Hindutva  agenda is turning #India  into a nightmare for Muslims. #DelhiBurns  #DelhiRiots2020 

@MBuhari  announced in his 2021 budget proposal that he expects #Inflation  to be 11.95%/yr next year. He must have pulled that number out of a hat. Today, I accurately measure #Nigeria ’s inflation at 29.45%/yr. That’s almost triple the President’s finger in the wind forecast.

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#Modi & #BJP  have accomplished what no ruler in #India  could do in its history. They have established a #PoliceState . They have gone against #Gandhi  & #Nehru 's secular vision. #ModiMadnessMadness #ModiLies & Lies have turned Indians against themselves.

Watch as #Nigerians  ransack a government-owned warehouse containing vital food supplies left to rot. Where is Sleepy @MBuhari  when you need him?

Cries for justice in #Nigeria  continue fall on deaf ears. Sleepy @MBuhari  has done nearly nothing to address #Corruption  & #Police  brutality in his country. Makes you wonder - #WhereIsSleepy ?

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