Blame Taxes for Baltimore’s Rot
If you’ve seen HBO’s “The Wire,” you know why those of us who live in Baltimore are often asked whether …
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Kill Central Bank to Fix Inflation in Zimbabwe
The hallmark of Zimbabwe’s economic collapse is hyperinflation. The most recent official inflation figure is for February 2008: a whopping …
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Hyperinflation: Mugabe Versus Milosevic
When a country’s monthly inflation rate exceeds 50% – that is close to an annual rate of 13,000% – it …
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The Fed Plays With Fire
The U.S. dollar may be cyclically weak right now, but it remains the main vehicle for foreign exchange transactions, the …
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The Greenback and Commodity Prices
The Federal Reserve’s modus operandi is to panic at the sight of real or perceived economic troubles. As long as …
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Milton Friedman: Float or Fix?
With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets. …
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