Board Member Steve H. Hanke argues for the formation of a larger international "dollar zone"

Steve H. Hanke, writing in National Review, calls on US Secetary of State Mike Pompeo to increase the international use of the dollar to compete with China's renminbi. One way this can be done is through "dollarization," or the adoption of the dollar as legal tender in countries which currently possess "junk currencies." Another is through the creation of dollar-based currency boards. (Read More)

Board Member Steve H. Hanke on "Money, Stability, and Free Societies"

In an article for the CATO Journal, Steve H. Hanke - noting that monetary instability poses a threat to free societies - argues for four changes. "First, the U.S. dollar and the euro should be formally, loosely linked together. Second, most central banks in developing countries should be mothballed and replaced by currency boards. Third, private currency boards should be permitted to enter the international monetary sphere." (Read More)

Streit Council Board Member and Member of the European Parliament Domènec Ruiz Devesa urges the European Union to respond to crises with three unions

If the EU is to respond effectively to the crises it faces - including COVID-19, climate change, the departure of Britain, and shifts in US foreign policy - Domènec Ruiz Devesa argues it must form three unions: health, financial and political. (Watch here)

Streit Council Board Member John Davenport calls for an alliance of democracies to prevent future pandemics

In an article for Salon, Davenport argues for a broad alliance of democracies to form a pandemic prevention system. Such a system would be more cost effective than the fragmented and expensive response to COVID-19, and if it had been in place "COVID-19 might not have spread beyond the Wuhan area." What we need is not "less globalism," but "more global cooperation and governance that complement global trade and travel." (Read More)