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Steve Hanke
American
December 29, 1942
Economist
A minimum wage leads to higher levels of unemployment.
Steve Hanke
Tags:
Higher
Leads
Levels
In Argentina, if the weather is bad, critics will blame it on the currency board.
Steve Hanke
Tags:
Will
Bad
Critics
Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar.
Steve Hanke
Tags:
Different
Since
Until
Although floating and fixed rates appear dissimilar, they are members of the same freemarket family. Both operate without exchange controls and are free-market mechanisms for balance-of-payment adjustments.
Steve Hanke
Tags:
Family
Same
Without
Following Greece's defeat at the hands of Turkey in 1897, Greece's fiscal house was entrusted to a Control Commission. During the 20th century, the drachma was one of the world's worst currencies. It recorded the world's sixth highest hyperinflation. In October 1944, Greece's monthly inflation rate hit 13,800%.
Steve Hanke
Tags:
World
House
Control
