Fix the Turkish Lira
In November 2005, I addressed the Foreign Investors Association (Yased) Conference in Istanbul. At that time, I indicated that I …
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Rubles and Swiss Francs
Something big happened in the currency markets on July 1, but if you read only the mainstream media, you might …
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Turkey and the Great Immigration Debate
Immigration is shaping up to be one of the most contentious and difficult political issues of the 21st century. One …
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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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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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