#Chronic inflation

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worth less, and with its collapse, Venezuela is witnessing today

Authored by Jeff Thomas via InternationalMan.com, In 1791, the first Secretary of the Treasury of the US, Alexander Hamilton, convinced then-new president George Washington to create a central bank for the country. Secretary of State Thomas Jefferson opposed the idea, as he felt that it would

Everywhere one looks, inflation is roaring. Oil is about to hit $60 a barrel, having risen 10% this year alone. Moreover, home prices have hit new all-time highs, surpassing even their 2006 peaks. Don't forget that inflation expectations are breaking out to the upside as well. Put simply,

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Venezuela is engaged in a multifaceted “war.” The Bolivarian Republic of Venezuela’s main enemy is the private sector of the economy (read: those who hold title to private property) and anyone else

IHS Markit index shows UK households pessimistic about finances for 2017-208 UK household finances remain under intense pressure from rising living costs 58 percent of respondents expected higher interest rates in 12 months time Inflation in the United Kingdom currently at near four-year high