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Prof. Steve Hanke
@
steve_hanke
Baltimore & Paris
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Applied Economist @JohnsHopkins | Sr. Fellow & Director #TroubledCurrencies Project @CatoInstitute | @Forbes | FX & Commodities Trader | Reagan White House Alum
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21.047
Tweets
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16.466
Folge ich
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75.876
Follower
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Prof. Steve Hanke
@steve_hanke
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30 Min. |
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The chattering classes have been rounding on @realDonaldTrump for pulling out of the Paris Agreement. An inconvenient little fact: U.S. is the only major player that reduced CO2 emissions/capita (2017).
zerohedge.com/news/2018-07-0…
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Prof. Steve Hanke
@steve_hanke
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1 Std. |
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.@WSJ reports that half of millennials expect to become millionaires in their lifetimes & median age they expect to retire at is 56. Fine.But, as w/many things, the all-knowing millennials don't have a clue. I wonder if they believe in the tooth fairy, too?blogs.wsj.com/moneybeat/2018…
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Prof. Steve Hanke
@steve_hanke
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2 Std. |
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#Iran's annual inflation rate today is 221%, a new all-time high. The previous high was 212% on October 19th, 2012. pic.twitter.com/SV17btZZyl
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Prof. Steve Hanke
@steve_hanke
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2 Std. |
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With the official #Iranian rial to USD rate at 44,030 to one & the black market rate at 112,000 IRR/USD, those with privileged access to dollars at the official rate can make make a killing by buying dollars cheap & then selling them dear on black market. forbes.com/sites/stevehan…
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Prof. Steve Hanke
@steve_hanke
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3 Std. |
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Snake oil salesmen #Maduro is at it again. His anti-inflation plan to shave five zeroes off of #Venezuela’s bolivar, and transfer "part of the national oil reserves to the central bank” will not do a thing to alter the course of inflation. #SocialismKills
centralbanking.com/central-banks/…
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Prof. Steve Hanke
@steve_hanke
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4 Std. |
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#Iran's rial has entered a death spiral, with the rial losing a stunning 12.5% in one day and annual inflation surging to 203%. To stop the death spiral, Iran should establish a gold-backed currency board.
forbes.com/sites/stevehan…
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Prof. Steve Hanke
@steve_hanke
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6 Std. |
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“No two characters seem more inconsistent than those of trader and sovereign.”
--Adam Smith pic.twitter.com/xYyiuOYb8s
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Prof. Steve Hanke
@steve_hanke
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19 Std. |
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**Correction: Iran's inflation is its highest since Oct. 2012, not 2013 as I mistakenly reported earlier. Therefore, #Iran's inflation problem is the worst it has been in almost 6 years. twitter.com/steve_hanke/st…
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Prof. Steve Hanke
@steve_hanke
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19 Std. |
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"What our generation has forgotten is that the system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not." -- Friedrich von Hayek pic.twitter.com/Zif49vViWM
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Prof. Steve Hanke
@steve_hanke
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21 Std. |
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@WSJ reports that half of millennials expect to become millionaires sometime during their lifetimes, and that the median age at which they expect to retire is 56. The all-knowing millennials are clueless. I wonder if they believe in the tooth fairy, too?
blogs.wsj.com/moneybeat/2018…
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Prof. Steve Hanke
@steve_hanke
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23 Std. |
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The reality of hyperinflation is constantly changing prices—up, up, and away. Only by adopting a stable currency (read: dollarization), can Caracas right the ship. pic.twitter.com/vN81pZGFaB
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Prof. Steve Hanke
@steve_hanke
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24 Std. |
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#Iran’s annual inflation rate for today, 7/29/18, is 203%. This is the highest its been since Oct. 2013. pic.twitter.com/Ap981n8zNF
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Prof. Steve Hanke
@steve_hanke
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29. Juli |
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The #Iranian rial plunged from 98,000 to the dollar on Saturday to 112,000 to the dollar on Sunday. That is a 12.5% depreciation in value in a single day. The #rial has entered a classic death spiral apple.news/AXBLCRTPjR1-JL…
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Prof. Steve Hanke
@steve_hanke
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29. Juli |
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With foreign exchange reserves down to $11.4 billion, #Pakistan needs “fiscal discipline, law and order to attract investment, and a large dose of free enterprise.” Instead, Imran Khan plans to turn the country into an “Islamic welfare state” @dhume aei.org/publication/th…
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Prof. Steve Hanke
@steve_hanke
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29. Juli |
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Trump may say he’s fighting for “fair trade,” but it is #freetrade that makes the economy go! As an economic advisor to #Reagan, I fought hard to stop the implementation of protectionist policies because there are no winners in a trade war @cgdeaton weeklystandard.com/chris-deaton/r…
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Prof. Steve Hanke
@steve_hanke
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29. Juli |
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Instead of calling my calculations "unscientific," read my precise and authoritative interview in Farsi where I explain why my measurements of #Iran’s inflation are much, much higher than the official (read: incorrect) rate. tejaratefarda.com/%D8%A8%D8%AE%D… twitter.com/irnaenglish/st…
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Prof. Steve Hanke
@steve_hanke
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29. Juli |
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North Korea and South Korea, socialism vs capitalism. As always, the free market (read: capitalist) economy pulls millions out of poverty while #SocialismKills pic.twitter.com/E8GAYedIfD
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Prof. Steve Hanke
@steve_hanke
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29. Juli |
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The regime in #Iran is obviously lying about their inflation rate. I measure #inflation in Iran by using the implied black-market IRR/USD exchange rate and Purchasing Power Parity (PPP) values, which is the most accurate method. twitter.com/IrnaEnglish/st…
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Prof. Steve Hanke
@steve_hanke
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29. Juli |
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"When you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm."
--Ronald Coase, 1910-2013 pic.twitter.com/js8Eu4PrSm
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Prof. Steve Hanke
@steve_hanke
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28. Juli |
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#Venezuela’s #Maduro trumpets victory. He claims to have #socialist elixir that will halt Venezuela’s hyperinflation: just lop five zeros off the bolivar. What a joke. Currency re-denomination has never stopped a hyperinflation. ft.com/content/3edcdf…
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