Follow Panama: Dollarize
Most central banks do one thing well: they produce monetary mischief. Indeed, for most emerging market countries, a central bank …
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Venezuela: World’s Highest Inflation Rate
Venezuela’s bolivar is collapsing. And as night follows day, Venezuela’s annual implied inflation rate is soaring. Last week, the annual inflation rate …
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Venezuela’s Inflation: Up, Up, and Away
Like the 2009 Oscar award-winning Pixar film Up, Venezuela’s annual inflation rate has soared sky high (see the chart below). …
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Venezuela: Not Hyperinflating—Yet
Although Venezuela’s inflation has soared (see: Up, Up, and Away), Venezuela is not experiencing a hyperinflationary episode–yet. Since the publication …
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Rick Perry Is Right: Kill the Export-Import Bank and Cut Corporate Taxes
Former Texas governor Rick Perry announced his candidacy for the 2016 GOP presidential nomination earlier today. Many recall his 2012 …
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Iceland: Hayek Got It Right
According to recent reportage in The Economist, “Many economists point to Iceland as a case study of what should be …
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