“After the maxi yuan depreciation of 1994 and until 2005, exchange-rate...” — Steve Hanke Quote

“After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.”

“When the dollar goes down relative to other currencies, the price of wheat, corn, rice and oil all go up in dollar terms.”

“Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply.”