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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Letter to the WSJ: Armen Alchian’s Wise Economics
My letter to the editor was published in today’s Wall Street Journal. In response to the obituary of Prof. Alchian, …
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Chavez: The Death of A Populist … and His Currency?
Although Hugo Chávez, the socialist presidente of Venezuela, has finally met his maker, the grim reaper is still lingering in …
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