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<title>Steve H. Hanke (Author at The Cato Institute)</title>
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<link>http://www.cato.org/people/steve-hanke</link>
<managingEditor>amast@cato.org (Andrew Mast)</managingEditor>
<description>
The Cato Institute seeks to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets and peace. Toward that goal, the Institute strives to achieve greater involvement of the intelligent, concerned lay public in questions of policy and the proper role of government.
</description>
<language>en-us</language>

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				<url>http://www.cato.org/people/images/lowres/hanke.jpg</url>
				<title>Steve H. Hanke (Cato Institute)</title>
				<link>http://www.cato.org/people/steve-hanke</link>
				<description>Steve H. Hanke</description>
				<width>100</width>
				<height>151</height>
			</image><item>
				<title>The Volatile Dollar (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10305</link>
				<description><![CDATA[The course of the us dollar over the past few
years has been anything but smooth. From November
2002 until mid-July 2008, the greenback lost 37% of its
value against the euro. This period of dollar weakness
began when Ben S. Bernanke, then a Federal Reserve governor
and now the chairman, persua...]]></description>
				<pubDate>Mon, 22 Jun 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10305</guid>
			</item>
			<item>
				<title>When Currencies Falter (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10243</link>
				<description><![CDATA[Want to know where the real action
will be over the coming months? Forget stocks,
think foreign exchange. There are tectonic
moves afoot in the currency markets these days.
During the past year the Polish zloty has fallen
by 23% against the euro and 11% the Hungarian forint. Now both
countries...]]></description>
				<pubDate>Fri, 22 May 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10243</guid>
			</item>
			<item>
				<title>China's Cards (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10237</link>
				<description><![CDATA[The international economy has been in the grip of
the steepest decline in industrial production and trade
since World War II. In my March 2009 column ("A
Commodity-Price Snapback?"), I outlined an optimistic
snapback scenario.

This was based, in part, on the Zarnowitz Rule (after the late
Pr...]]></description>
				<pubDate>Wed, 20 May 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10237</guid>
			</item>
			<item>
				<title>Fed Up (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10146</link>
				<description><![CDATA[There's a lot of finger pointing going on over who's to blame for the financial crisis: bankers, derivatives traders and the regulators who failed to keep an eye on them. Let me add two names that usually escape the dragnet: Fed chairman Ben S. Bernanke and his predecessor, Alan Greenspan.
Rather t...]]></description>
				<pubDate>Fri, 24 Apr 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10146</guid>
			</item>
			<item>
				<title>Panic Fallout (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10134</link>
				<description><![CDATA[The panic of 2008 has sent the political classes
into fits of hyperactivity. Their favorite ploy has been
to scare the public into supporting gigantic interventionist
policies designed to inflate government budgets
and re-regulate economic activity.

These scare tactics were on display as worl...]]></description>
				<pubDate>Tue, 21 Apr 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10134</guid>
			</item>
			<item>
				<title>Restoring Confidence in the Indonesian Rupiah (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10098</link>
				<description><![CDATA[When contemplating the current financial crisis, it's worth taking a detour to Indonesia, where I spent a good bit of time as former president Suharto's adviser during the Asian financial crisis of 1997-98. Even though the brunt of the current storm has spared Indonesia, there is great anxiousness a...]]></description>
				<pubDate>Mon, 06 Apr 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10098</guid>
			</item>
			<item>
				<title>Central Banks Caused This Mess. If Only They Were Ready to Clean Up. (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10099</link>
				<description><![CDATA[If nothing else, the current financial crisis is producing mountains of material that validate the "95 Percent Rule": 95 percent of what is published or broadcast about economics and finance is either wrong or irrelevant.

Part of the problem is central bankers, past and present. They are working ...]]></description>
				<pubDate>Mon, 06 Apr 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10099</guid>
			</item>
			<item>
				<title>Interview on the Lithuania Currency Board System (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10203</link>
				<description><![CDATA[Briefly, what is the history of Currency Board in the world? Has it generally been successful or unsuccessful model of running monetary policy? In unsuccessful cases, what has been the main cause of the failure? How would you compare Currency Board to other models that restrict (diminish) the role o...]]></description>
				<pubDate>Wed, 01 Apr 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10203</guid>
			</item>
			<item>
				<title>The Fed's Modus Operandi: Panic (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10100</link>
				<description><![CDATA[If nothing else, the current financial crisis is producing mountains of material that validate the "95% Rule". 95% of what is published or broadcast about economics and finance is either wrong or irrelevant.

Part of the problem is central bankers, past and present. They are working overtime to av...]]></description>
				<pubDate>Wed, 18 Mar 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10100</guid>
			</item>
			<item>
				<title>On the Crisis (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10047</link>
				<description><![CDATA[If nothing else, the current financial crisis is producing mountains of material that validate the "95% Rule": 95% of what is published or broadcast about economics and finance is either wrong or irrelevant.

Part of the problem is central bankers, past and present. They are working overtime to av...]]></description>
				<pubDate>Mon, 16 Mar 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10047</guid>
			</item>
			<item>
				<title>Letter to the Editor: Central Banking Has Troubled Past (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10050</link>
				<description><![CDATA[Allow me to take issue with the opinion
piece by Peter Draper and Andreas
Freytag ("No Easy Choices" Available for
Zimbabwe Currency Reform, March 2). The authors favour the retention of
central banking in Zimbabwe and reject both the "dollarisation" and currency
board options I proposed in my ...]]></description>
				<pubDate>Mon, 16 Mar 2009 00:00:00 EDT</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10050</guid>
			</item>
			<item>
				<title>Unconventional Wisdom (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10016</link>
				<description><![CDATA[Shock and confusion describe the state of investors today. According to the Federal Reserve's new Survey of Consumer Finances, two groups—the wealthiest and those who are close to retirement—have been hit particularly hard. In 2008 the average household net worth dropped by 22.7%.

Following conve...]]></description>
				<pubDate>Mon, 02 Mar 2009 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10016</guid>
			</item>
			<item>
				<title>A Commodity-Price Snapback? (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=10001</link>
				<description><![CDATA[On December 1, 2008, the National Bureau of Economic Research finally made it official: the United States had entered a recession a year earlier—in December 2007. This is the thirteenth U.S. recession since the Great Depression of 1929-33 (see Table 1). At over thirteen months of age, it's also a re...]]></description>
				<pubDate>Wed, 25 Feb 2009 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=10001</guid>
			</item>
			<item>
				<title>Indonesia's Monetary Muddle (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=9956</link>
				<description><![CDATA[Until a few months ago, many Indonesians thought the subprime lending debacle in the United States would pass them by without a worry. Growth remained well above 6% through the second quarter of last year. The rupiah-U.S. dollar exchange rate had been steady for many months and international reserve...]]></description>
				<pubDate>Mon, 09 Feb 2009 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=9956</guid>
			</item>
			<item>
				<title>From John Law to John Maynard Keynes (Commentary)</title>
				<link>http://www.cato.org/pub_display.php?pub_id=9899</link>
				<description><![CDATA[The economic-financial crisis of 2008 has produced, if nothing else, grist for the financial press. Bernard Madoff's alleged $50 billion scam and the assertion that we need a mega-Keynesian stimulus package&#8212; the bigger, the better&#8212;represent two of today's favorite topics. In an attempt t...]]></description>
				<pubDate>Wed, 21 Jan 2009 00:00:00 EST</pubDate>
				<guid>http://www.cato.org/pub_display.php?pub_id=9899</guid>
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