Clinton and Obama, Polar Opposites
Last night, Bill Clinton introduced President Barack Obama as the Democratic nominee. He went to great lengths to stress their …
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The Grim Reaper is Relentless — Unfortunately
Last October, the Grim Reaper cut down my long-time colleague and friend, Bill Niskanen – Chairman Emeritus of the Cato …
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North Korea’s Hyperinflation Legacy
North Korea’s Supreme People’s Assembly met on Tuesday. The failed communist state failed to deliver on its advertised economic reforms. …
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Hyperinflation Has Arrived In Iran
Since the U.S. and E.U. first enacted sanctions against Iran, in 2010, the value of the Iranian rial (IRR) has …
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The Iran Hyperinflation Fact Sheet
For months, I have been following the collapse of the Iranian rial, tracking black-market (free-market) exchange-rate data from foreign-exchange bazaars …
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Iran’s Lying Exchange Rates
On September 24th, the Iranian government announced that it would adopt a three-tiered, multiple-exchange-rate regime. This wrong-headed attempt to exert …
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