Recent Posts
Social•Feb 17, 2026
Dalio Warns CBDCs Erase Privacy, Enable Political Control
As @RayDalio, founder of the world's LARGEST hedge fund told @TuckerCarlson on central bank digital currencies: "There will be no privacy... all transactions will be known... and if you're politically disfavored, you could be shut off." https://t.co/3H4Lcz4ysb
By Steve Hanke
Social•Feb 17, 2026
North Korean Won Plummets, Ranks Third Worst Globally
On this week's Hanke's #CurrencyWatchlist, the North Korean won ranks as the WORLD'S 3RD WORST currency. The won has depreciated by 41% against the USD over the past year. PLIGHT OF THE WON = ONE OF THE WORLD’S MOST UNREPORTED STORIES. https://t.co/7leiebPd5D
By Steve Hanke
Social•Feb 17, 2026
Iranian Rial Plummets, Becomes World's Second Worst Currency
On this week's Hanke's #CurrencyWatchlist, the Iranian rial ranks as the WORLD'S 2ND WORST currency. The rial has depreciated by 44% against the USD over the past year. RIAL = THE GREAT DESTABILIZER. https://t.co/06OiclsaSq
By Steve Hanke
Social•Feb 16, 2026
Venezuelan Bolivar Plummets 87%, Becomes World’s Worst Currency
On this week's Hanke's #CurrencyWatchlist, the Venezuelan bolivar ranks as the WORLD'S WORST currency. The bolivar has depreciated by over 87% against the USD in the past year. IT’S TIME TO DUMP THE BOLIVAR AND REPLACE IT WITH THE US DOLLAR. https://t.co/dHtPzNew81
By Steve Hanke
Social•Feb 15, 2026
AI Hype Persists, yet Macro Data Shows No Productivity Boost
Three years after ChatGPT, AI is everywhere, except in macroeconomic data. If AI’s value is in productivity enhancement, it's still not showing up in the numbers. AI = LOTS OF HYPE. https://t.co/x96Abr0tD7
By Steve Hanke
Social•Feb 14, 2026
Russia's Inflation Spike Tied to Excess Money Supply
Russia’s inflation comes in at 6.0%/yr in January. That's ABOVE RU's 4%/yr target. RU's M2 money supply is growing at 10.6%/yr, ABOVE Hanke's Golden Growth Rate of 8.4%/yr, a rate consistent with hitting its inflation target of 4%/yr. THE INFLATION STORY =...
By Steve Hanke
Social•Feb 14, 2026
Venezuela Faces 651% Inflation, Cost of Living Crisis
The FT reports that the cost of living is Venezuelan's top concern. NO SURPISE. Today, I measure Venezuela’s inflation at a 651.5%/yr. Venezuela is the WORLD’S TOP INFLATOR. https://t.co/P4FBBSNdqk
By Steve Hanke
Social•Feb 14, 2026
Iran's Inflation Hits 81.5%, World's Second Highest
#IranWatch🇮🇷: Today, I measure Iran’s inflation at a PUNISHING 81.5%/yr. That's the world's SECOND HIGHEST INFLATION RATE. I remain the only reliable source of inflationary measures in Iran. https://t.co/HcSee4i4O2
By Steve Hanke
Social•Feb 14, 2026
US Job Market Cooler than Washington’s Hype
Don't let first appearances fool you. The US job market is NOT as hot as the Spinmeisters in Washington DC crack it up to be. https://t.co/lKCBOl0rdi
By Steve Hanke
Social•Feb 14, 2026
EU Boosts Chinese Imports as Trump Tariffs Bite
During 2025, Chinese exports to the EU jumped by 6.3%. TRUMP'S TARIFFS = EU PIVOTS TOWARDS CHINA. https://t.co/tkz6F9xAsN
By Steve Hanke
Social•Feb 14, 2026
Venezuela Inflation Hits 651.5% Under U.S. Management
#VNZWatch🇻🇪: Under Uncle Sam's management, Venezuela's economy continues to CRUMBLE. Today, I measure Venezuela’s inflation at 651.5%/yr. I REMAIN THE ONLY SOURCE OF ACCURATE INFLATION MEASUREMENTS FOR VENEZUELA. https://t.co/MpUeEa9s1S
By Steve Hanke
Social•Feb 14, 2026
Modi Leveraged Trump Tariff Threat to Advance Free Trade
My take on PM Modi's clever move to reduce India's punishing tariffs and non-tariff barriers: "Modi used the tariff threat from Trump as cover to push for free trade between India and other countries." MODI = SMARTER THAN YOU THINK. https://t.co/aTUbO8em04
By Steve Hanke
Social•Feb 14, 2026
UK Growth Stalls at 0.1% Amid Rising Taxes
The U.K.'s GDP grew just 0.1% in Q4 2025 and an ANEMIC 1.3% for the entire year. Under RUSSOPHOBE Keir Starmer, taxes are up, productivity is flat, and consumers are feeling squeezed. https://t.co/WDyleJsH6n
By Steve Hanke
Social•Feb 14, 2026
Swiss Inflation Near Zero as Money Growth Slows
Switzerland’s inflation rate is on the low end of its TARGET RANGE at 0.03%/yr. Switzerland’s money supply (M3) has been growing below Hanke's Golden Growth Rate of 4.40%-6.40%/yr since 2020 & is now only at 4.58%/yr. THE INFLATION STORY =...
By Steve Hanke
Social•Feb 14, 2026
China’s Inbound FDI Collapses as Outbound Investment Soars
For years, the world invested in China. Since 2022, foreign direct investment inflows to China have PLUNGED, while China's foreign investment outflows have SURGED. https://t.co/TCWhEPF7bq
By Steve Hanke
Social•Feb 14, 2026
Trump's Tariff Push Backfires, Approval Slips Sharply
Trump's tariff blitz BACKFIRES. Approval ratings are tanking. 52% of Americans say Trump’s economic policies have made things worse. Now the White House is scrambling to put a positive spin on the US economy. https://t.co/a1JUyOz6LJ
By Steve Hanke
Social•Feb 13, 2026
NYT Overlooks Money Growth, the Real Inflation Driver
The NYT credits cooling inflation to tariffs, housing, airfare, energy, & labor markets. But ignores money. Money growth has averaged 4%/yr over 2025 — far below the 6.3%/yr Golden Growth Rate, consistent with hitting the US's 2%/yr inflation target. https://t.co/tk42l7TVVZ
By Steve Hanke
Social•Feb 13, 2026
Ford Faces $900M Tariff Blow, Highlighting US Corporate Pain
Ford just disclosed an additional $900M tariff hit in its Q4 results. TARIFFS = BAD NEWS FOR AMERICAN CORPORATIONS. https://t.co/kau61WOizz
By Steve Hanke
Social•Feb 13, 2026
Trump Tariffs Add $1,300 Hidden Tax per Household
According to a new report by the Tax Foundation, Trump’s latest tariffs amount to a $1,300 hidden tax per household. US TARIFFS = A SALES TAX ON AMERICANS. https://t.co/w3pnoqPIdP
By Steve Hanke
Social•Feb 13, 2026
China Backs Struggling Cuba Amid Looming US Showdown
As Cuba teeters on the brink of economic disaster, China promises continued support. It looks like a SHOWDOWN between the US & China might be in the cards. https://t.co/rb7Qf0CdN2
By Steve Hanke
Social•Feb 13, 2026
Americans Foot ~90% of Trump Tariff Costs
The New York Fed announced that US businesses and consumers paid NEARLY 90% of the cost of Donald Trump’s tariffs last year. TARIFFS = A SALES TAX ON AMERICANS. https://t.co/xEEfGxreUm
By Steve Hanke
Social•Feb 13, 2026
Inflation Stays Low as Money Supply Grows Below Golden Rate
US's CPI inflation rate comes in at 2.4%/yr in January. The US money supply (M2) has been growing BELOW Hanke's Golden Growth Rate of ~6.3%/yr, a rate consistent with hitting the Fed's 2%/yr inflation target, since April 2022. THE INFLATION STORY =...
By Steve Hanke
Social•Feb 13, 2026
S&P Erases Almost All 2026 Gains Amid AI Hype
Forget Trump's AI HYPE. The S&P Index has now given up nearly all its 2026 gains. https://t.co/GAL0TbU7KG
By Steve Hanke
Social•Feb 13, 2026
Bloomberg's Russia Dollar Rumor Likely Misleading, Says Hanke
Yesterday, Bloomberg reported that Russia is considering a re-entry into the US dollar system. Bloomberg's report created quite a stir. RELAX, HANKE'S 95% RULE = 95% OF WHAT YOU READ IN THE PRESS IS EITHER WRONG OR IRRELEVANT. https://t.co/8E7OK7Zm1t
By Steve Hanke
Social•Feb 13, 2026
AI Hype Isn’t Boosting Profit Margins Across the Economy
If AI were living up to its hype, it would be benefiting the ENTIRE ECONOMY. IT ISN'T. Profit margins outside the tech sector would be growing. THEY'RE NOT. https://t.co/GXT1r783t0
By Steve Hanke
Social•Feb 13, 2026
Libya's Economy Lags Egypt After 2011 US Intervention
#LibyaWatch🇱🇾: Libya’s economy is NOWHERE CLOSE to its neighbor Egypt. Thanks to the US-led regime change operation in 2011, Libya is IN THE TANK. https://t.co/mnlulHdvko
By Steve Hanke
Social•Feb 13, 2026
Poland's Per‑capita GDP Eclipses Germany, Fueling Assertiveness
Poland’s GDP per capita OUTPACES Germany’s by a country mile. This growth gap is why Poland is flexing its muscles and pushing Germany around. https://t.co/78SQLlNP3o
By Steve Hanke
Social•Feb 13, 2026
CBRT Hikes 2026 Inflation Outlook, Policy Stays Too Loose
#TurkeyWatch 🇹🇷: In the first Inflation Report of 2026, CBRT Gov. Fatih Karahan revised the end-2026 inflation forecast from 13–19% to 15–21%. Turkey's monetary policy remains TOO LOOSE. https://t.co/EC5mR04dt6
By Steve Hanke
Social•Feb 13, 2026
Turkey's 30% Inflation Threatens Global TV Drama Boom
#TurkeyWatch🇹🇷: In January, Turkey's official inflation was reported at 30.7%/yr. That's SIX TIMES HIGHER than the CBRT’s 5%/yr inflation target. Among other things, Turkey’s sky-high inflation is squeezing its famous TV dramas, which draw crowds of 1 billion+ worldwide. https://t.co/nr4JytEGeV
By Steve Hanke