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Steve Hanke
@steve_hanke
Professor of Applied Economics @JohnsHopkins | Senior Contributing Columnist @Fortune | FX & Commodity Trader | Reagan White House | Views are my own
6.3K Following    851.7K Followers
The U.S. started a war of choice with Iran and, in doing so, created its own energy emergency, which has required the depletion of the SPR. More in my latest with @FrancisKapper in @DailyCaller:
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A 6.9-magnitude earthquake struck off northern Japan’s Iwate coast, shaking the northeast and reaching as far as Tokyo. Just more confirmation of Hanke’s Schoolboy Theory of History: it’s just one damn thing after another.
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#IDNWatch🇮🇩#: If the IMF had not SABOTAGED the currency board that Suharto and I were going to install in 1998, the RUPIAH WOULD NOT BE IN TROUBLE TODAY. THE RUPIAH WOULD BE AS GOOD AS THE US DOLLAR. IT WOULD BE A CLONE OF THE GREENBACK.
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I spoke w/ @davidlin_TV on why Iran will be hard to beat: "Iran is using Muhammad Ali's rope-a-dope strategy. They've taken a pounding and when the giant is exhausted, they'll land the knockout blow. Iran can do that with its control over 2 of the world's 8 key chokepoints."
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I spoke w/ @davidlin_TV about China’s control over replacing US munitions: "The US weapons cupboard is bare. Restocking these weapons requires many critical materials, & 95% of those materials come from China. To replenish US munitions, the US needs permission from Xi Jinping."
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