” If you squeeze and squeeze, and you don’t allow the Iranians to sell any oil, then what do they have to lose by shutting the Strait of Hormuz down? And if they do that, that’s 35% of all the world’s oil that comes through the strait and 20% of the liquefied natural gas in the world. “


” There has never been a failure of a currency board anywhere in the world. These are tough systems, and when I say they are foolproof, that’s exactly the case. “


” 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%. “


” In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase. “


” In April 2013, Nathaniel Popper of ‘The New York Times’ reported on Bitcoin in an article titled, ‘Digital Money is Gaining Champions in the Real World’. “



All 5 Steve Hanke Quotes about World in picture


If you squeeze and squeeze, and you don
There has never been a failure of a currency board anywhere in the world. These are tough systems, and when I say they are foolproof, that
Following Greece
In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.
In April 2013, Nathaniel Popper of

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