President Obama Falls for a Fallacy
In his second inaugural address, President Obama made a series of direct and indirect references to the Declaration of Independence …
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The Tyranny of Confusion: A Response to Prof. Djavad Salehi-Isfahani on Iran
In October 2012, I first reported that Iran had experienced hyperinflation. My diagnosis of Iran’s inflation woes has since drawn …
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Value of the Iranian Rial Hits an All Time Low
For months, I have kept careful tabs on the black-market exchange rate between the Iranian rial and the U.S. dollar. …
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A Threadneedle Street Kerfuffle
On January 10, 2013, I penned a letter to the Financial Times, pointing out an error in its characterization of …
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Osborne Risks a Triple-Dip for the UK
U.K. Chancellor of the Exchequer George Osborne has resumed his saber-rattling over raising capital requirements for British banks. Most recently, …
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North Korea’s Economic Outlook: Cloudy with a Chance of Statistics.
During the past few weeks, North Korea has been the subject of outsized news coverage. The recent peacocking by Supreme …
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