Prof. Steve HankeVerified account

@steve_hanke

Applied Economist | Sr. Fellow & Director Project | | FX & Commodities Trader | Reagan White House Alum

Baltimore & Paris
bit.ly/SHH_Cato
Joined October 2012
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  1. Retweeted
    17 hours ago

    For the few, not the many, eh ?

    The UN estimates 2.3 millions Venezuelans have fled the country since 2015, and Colombian authorities predict another 2 million will leave by 2020. That would mean a 14% drop in population, as citizens flee Maduro's inept & inhumane socialist dictatorship …
    55 replies 257 retweets 635 likes
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  2. 15 hours ago

    Cyril Ramaphosa's land reform amendment is "pointless at best and dangerous at worst." When the government fails to uphold property rights and the rule of law, it is embracing the Zimbabwe strategy, which leads to economic ruin.

    8 replies 41 retweets 50 likes
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  3. 16 hours ago

    's annual inflation rate measured for today is 83%

    15 replies 67 retweets 79 likes
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  4. 17 hours ago

    The strategy should be the model for . 1) stable money. 2) free trade and 3) private property rights. Government needs to get out of the way. For an economy to boom, these are the Big 3.

    2 replies 24 retweets 62 likes
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  5. 17 hours ago

    The UN estimates 2.3 millions Venezuelans have fled the country since 2015, and Colombian authorities predict another 2 million will leave by 2020. That would mean a 14% drop in population, as citizens flee Maduro's inept & inhumane socialist dictatorship

    16 replies 196 retweets 171 likes
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  6. 19 hours ago

    Raphael Bostic, head of the Atlanta fed, predicts that the U.S. has reached an "inflection point" where businesses will start passing the cost increases caused by tariffs onto consumers. Protectionist policies always increase costs and prices.

    3 replies 15 retweets 26 likes
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  7. 20 hours ago

    “[Small businesses] are investing in their employees. They are hiring more. They are training more. They are increasing wages and benefits.” Lower taxes, fewer regulations and less government involvement generate benefits for both owners & employees.

    2 replies 29 retweets 47 likes
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  8. 24 hours ago

    "Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built." --Abraham Lincoln

    1 reply 54 retweets 97 likes
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  9. Retweeted
    Aug 26

    Mientras maduro llama a su truco de magia una "fórmula revolucionaria", cualquier economista que valga la pena sabe que eliminar 5 ceros del Bs. es simplemente cosmético. Venezuela necesita , no otra cirugía plástica (lifting facial).

    While Maduro calls his magic trick a "revolutionary formula", any economist worth his salt knows that cutting 5 zeroes off the bolivar is simply cosmetic. Venezuela needs , not another face lift. …
    4 replies 131 retweets 63 likes
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  10. Aug 26

    The corrupt ANC is up to its old tricks again, with the ANC chairman stating “if you own more [land], it should be taken without compensation.” Without a secure system of property rights, SA will see foreign investors rightfully running for the hills.

    13 replies 66 retweets 97 likes
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  11. Aug 26

    Hyperinflation, currency failures, money supply and other related topics are often misunderstood and complicated. In this video I break it all down.

    3 replies 48 retweets 74 likes
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  12. Aug 26

    Whether you love cryptocurrencies or not, it's clear the petro is a scam. Supposedly backed by Venezuelan oil, the has no ability to save the bolivar. Just more socialist film flam from Maduro.

    24 retweets 39 likes
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  13. Aug 26

    While Maduro calls his magic trick a "revolutionary formula", any economist worth his salt knows that cutting 5 zeroes off the bolivar is simply cosmetic. Venezuela needs , not another face lift.

    14 replies 132 retweets 144 likes
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  14. Aug 26

    has put the IPO on hold, throwing hopes for more transparency into the royal family and public influence over the oil giant to the wind. Aramco is too big to remain in royal hands: it needs shareholders to hold the behemoth on track.

    3 replies 11 retweets 19 likes
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  15. Aug 26

    's annual inflation rate measured for today is 80%

    44 replies 268 retweets 327 likes
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  16. Aug 26

    The economically-illiterate Washington elites continue to impose fast-and-loose sanctions on , who appear unaffected by Trump's dangerous policies. Now, the risk of US-caused catastrophic war is on the rise, once again at the hands of sanctions.

    3 replies 15 retweets 24 likes
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  17. Aug 26

    's annual inflation rate measured for today, 8/26/18, is 182%.

    12 replies 93 retweets 177 likes
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  18. Aug 26

    Finally, Argentina’s corruption Pandora’s Box is being opened. Powerful politicians and executives are cooperating with the largest corruption probe in the country’s history. Stay tuned!

    25 replies 380 retweets 458 likes
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  19. Retweeted
    Aug 22

    The Exodus from Venezuela is of biblical proportions. Millions are pouring into surrounding countries to escape socialism. Most of those who remain want out. In this story there aren't 10 plagues, just one: . Pharaoh Maduro: let the economy go!

    41 replies 1,357 retweets 846 likes
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  20. Retweeted
    Aug 25

    How and why do currencies fail, and how can hyperinflation be prevented without bailouts by the IMF? joins on

    1 reply 20 retweets 53 likes
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