Publications

July 28, 2020
Commentary

Mothball Central Banks and Dollarize

Most central banks in emerging countries produce junk currencies, banking crises, instability, and economic misery. These central banks should have been mothballed and put in museums long ago.

National Review (Online)
July 23, 2020
Commentary

Lebanon Hyperinflates

Just how has Lebanon found itself in such an inglorious position? For years, the Lebanese government, the central bank (Banque du Liban), and savers played a game.

National Review (Online)
July 13, 2020
Commentary

Trump’s Lieutenants Flunk Finance 101

It is clear that Trump’s lieutenants who are brainstorming the idea of preventing Hong Kong’s banks and the HKMA’s currency board from accessing their holdings of dollars have either not taken a course in finance — or, if they have, that they failed.