Prof. Steve Hanke

Prof. Steve Hanke


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

260500 followers  •  15899 follow  •    •   http://t.co/g7QtfrgXlV

“We’ve been blessed with the opportunity to stand for something – for liberty and freedom and fairness. And these are things worth fighting for, worth devoting our lives to.” — Ronald Reagan#HappyFourthOfJuly 

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Selling #fake  medical supplies to combat #coronavirus  is despicable. Recent seizures of fake #Covid-19  tests, #facemasks , etc are just a part of a massive bogus medical supply trade. Most of the counterfeits are sourced out of #Communist  China, the home of ethical business.

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#BREAKING : Once again, the value of #rial '>Irania #rial  against the USD has hit a new, record low. Utilizing high-frequency data daily, I am the ONLY one measurin #Inflation  i #Iran  . At present, it is a stunning 64%/yr and rising.

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#France is withdrawing from a @NATO  mission after #Turkey  targeted one of its ships with missile guiding radar. @RTErdogan  continues be a provocateur. He should stick to his knitting at home and fix Turkey’s broken economy.

In #Brazil , #lockdowns  have been enforced by gangs, as residents "get a bullet in the head" if they break curfew. @jairbolsonaro 's "little flu" has strengthened gang control, and with it, the #economy  has suffered: inflation is at 40.10%/yr by my measure.

#Bitcoin is not a currency, it is a speculative asset. In order for a #crypto- "currency" to be an actual currency, it must be tied to gold.

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Not only is the $1.5T US #infrastructure  bill a “subsidy-fest” packed with pork & govt waste, Dems also killed an amendment by @RepPeteStauber  enforcing child labor protections for federally funded electric buses. “Green energy” at the cost of child labor.

#Bulgaria will register a budget surplus of 1.3% of GDP in the first half of 2020. Thanks to the #CurrencyBoard  I designed & installed in 1997. It puts a hard budget constraint on govt spending. Even during a crisis, like #COVID19 , it works like a charm.

“By failing to prepare, you are preparing to fail.” ― Benjamin Franklin

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#Modi 's ineffective policies & faile #COVID19  lockdown sen #India  's economy spiraling. An Indian ban o #Chinese  products will only make matters worse. Policies based purely on rhetoric & emotion, not logic & reason, are a recipe for disaster.

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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 

#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.

#ImranKhan is correct. #India  has crushed all #freedom  for millions in #Kashmir . Politicians have been arrested, communications lines have been cut, & even children have been detained. The resentment of innocent #Kashmirisis  will hau #Modit  & t #BJPe  .

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