The Streit Council works to unite democracies as a path toward greater individual freedom, international solidarity, and global stability. It aims for the creation of an international order of, by and for the people.
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)
Streit Council Board Member Steve H. Hanke, with John Greenwood, on how the Federal Reserve should respond to the COVID-19 pandemic.
Hanke and Greenwood argue that the Federal Reserve should do more than reduce interest rates to mitigate the economic distress caused by the COVID-19 pandemic. "In other words, the Fed needs to supply liquidity to deal with the panic - whether by quantitative-easing purchases of long bonds, by Treasury bill purchases, by repos or, most important, by increasing the amounts of U.S. dollar swaps available to the central banks of Japan, China, South Korea, Taiwan and Hong Kong." (Read More)