Prof. Steve Hanke

Prof. Steve Hanke


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

336509 followers  •  6822 follow  •    •   http://t.co/g7QtfrgXlV

#EconWatch : According to th @ecfr  , Europeans view the US, UK, & Japan more as allies/partners. Meanwhile, #china '>Communis #China  & #Turkey  are perceived as Europe's biggest rivals/adversaries. President Xi and Erdogan have big soft power deficiencies.

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"The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder." – Frédéric Bastiat

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"The most basic question is not what is best, but who shall decide what is best." – Thomas Sowell

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Pres. Fernandez piled up #Argentina ’s debt. Now, he's holding the climate goal hostage to international debt relief. Talk about a double dealer. It’s time for Arg. to DUMP the pathetic peso that has lost 53% of its value against the USD since Jan 2020 and DOLLARIZE.

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Dark forces have captured #ElSalvador , where corruption is thick as thieves. For a dollarized economy to adopt #Bitcoin  as legal tender, it makes no sense - unless Pres Bukele has an interest in promoting dark forces. See my interview on @KitcoNewsNOW  here.

In a recent speech, Sleepy Buhari claimed his govt lifted over 10 million Nigerians out of poverty in the last 2 yrs. Yet, according to @WorldBank , 7 million Nigerians dropped below the poverty line in 2020. When will Sleepy stop lying & wake up to reality?

#BREAKING : Following the Turkish Central Bank's decision to maintain its benchmark interest rate at 19%, the lira plunged to a record low against the USD. By my measure, inflation is 32%/yr. So, real interest rates in Turkey are -13%. The lira is TOAST.

#Iran 's economy is in shambles. Endemic inflation, steep borrowing costs, high unemployment, & little growth are a deadly cocktail. Indeed, Iran is one of the world’s most miserable countries. Only 7 are worse off.

Contrary to what #crypto  evangelicals tell us, cryptos are traceable. Every #BTC  transaction recorded permanently on the blockchain leaves bread crumbs for law enforcement!

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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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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 

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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@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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#BREAKING : "We have no security, high levels of banditry, high levels of kidnappings, high levels of corruption, and all!" Listen to Nigerians talk abt Sleepy Buhari #Nigeria  ranks 131 out of 162 o @CatoInstitute  's Human Freedom Index #June12thProtest 

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