Steve H. Hanke's blog

Steve H. Hanke's picture

Conventional approaches to wildlife management in Africa have failed, as witnessed by the dramatic declines in wildlife populations. But, the cost of establishing property rights and reducing the problems associated with the commons have been reduced with the introduction of new technologies.

Steve H. Hanke's picture

Economic policy is subject to fads, with the most recent being public infrastructure. Its advocates include progressives on the “left” and populists on the “right.” They all tell us to take the chains off fiscal austerity and spend on public works. Let’s take a look at their arguments and evidence.

Steve H. Hanke's picture

Earlier this week, China and India said they had resolved their differences over the Kingdom of Bhutan, but statements by both sides have created doubts over how long stability would prevail. And, Bhutan is not the only disputed, potentially dangerous territory. Don't forget the Falklands...

Steve H. Hanke's picture

I have warned that higher bank capital requirements, when imposed in the middle of an economic slump, are wrong-headed. The U.S. is still in a growth recession — the U.S. is growing, but growing at below its trend rate when measured by final sales to domestic purchasers.

Steve H. Hanke's picture

The calculated risks that a financial institution takes when investing is best understood by the institution itself, not the government or any outside party. So, shouldn’t these banks determine how to utilize their capital if they are the ones who best understand the risks they take?

Steve H. Hanke's picture

Why was international financial officialdom so eager to raise banks’ capital-asset ratios? The starting point for the global bank capital obsession is found in Britain and its infamous Northern Rock affair. Indeed, this was the true beginning of the Great Financial Crisis and the Great Recession.