Oversteering
Central bankers rarely admit mistakes unless they are discussing events long lost in the fog of history. That’s what makes …
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On the Fall of the Rupiah and Suharto
On August 14, 1997, shortly after the Thai baht collapsed on July 2, Indonesia floated the rupiah. This prompted Stanley …
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On Democracy
In the aftermath of World War I, President Woodrow Wilson set out to make the world safe for democracy. Since …
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Friedman’s Road Maps
With the death of Milton Friedman in November we lost a great champion of free markets. And what does “free …
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Friedman on FX Regimes
With the passing of Milton Friedman last November, we lost one of the great champions of free markets. Friedman’s obituaries …
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Reflections on Turkey’s Economy
Stability might not be everything, but everything is nothing without it. Turkey’s current government has learned this lesson and delivered …
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