reSee.it - Tweets Saved By @steve_hanke

steve_hanke
Posted - October 24, 2025 at 10:19 PM
Saved - October 25, 2025 at 2:50 AM

@steve_hanke - Steve Hanke

After the Canadians ran ads featuring Pres. Reagan condemning tariffs, Trump lost his cool and halted trade talks. Watch my old boss, Pres. Reagan, DESTROY TARIFFS with clarity and conviction.  Trump is no Reagan.  https://t.co/PMibHec4rk

Video Transcript AI Summary
Tariffs on foreign imports may first appear patriotic—protecting American products and jobs—and sometimes they work for a short time. But what eventually occurs is that first homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens. Markets shrink and collapse, businesses and industries shut down, and millions of people lose their jobs. The memory of all this occurring back in the thirties made me determined when I came to Washington to spare the American people the protectionist legislation that destroys prosperity. Now it hasn't always been easy. There are those in the Congress, just as there were back in the thirties, who want to go for the quick political advantage, who risk America's prosperity for the sake of a short term appeal to some special interest group, who forget that more than 5,000,000 American jobs are directly tied to the foreign export business and additional millions are tied to imports.
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Speaker 0: You see, at first, when someone says, let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes for a short while, it works, but only for a short time. What eventually occurs is first homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens. Markets shrink and collapse, businesses and industries shut down, and millions of people lose their jobs. The memory of all this occurring back in the thirties made me determined when I came to Washington to spare the American people the protectionist legislation that destroys prosperity. Now it hasn't always been easy. There are those in the Congress, just as there were back in the thirties, who want to go for the quick political advantage, who risk America's prosperity for the sake of a short term appeal to some special interest group, who forget that more than 5,000,000 American jobs are directly tied to the foreign export business and additional millions are tied to imports.
steve_hanke
Posted - December 7, 2024 at 3:00 PM
Saved - December 10, 2024 at 4:51 AM

@steve_hanke - Steve Hanke

After the US imposed a new set of sanctions on Russia, the ruble plunged by 11%. That plunge has been widely reported by the Western press. What’s not been reported is that it has appreciated by 12% from its low, returning to pre-sanction levels. SANCTIONS = SHORT-LIVED EFFECTS = RARELY WORK.

steve_hanke
Posted - December 8, 2024 at 4:00 PM
Saved - December 10, 2024 at 4:48 AM

@steve_hanke - Steve Hanke

#ZIMWatch🇿🇼: Today, I measure Zimbabwe's inflation at 1027%/yr. This is the WORLD'S HIGHEST INFLATION RATE. PRES. MNANGAGWA = ARROGANT, CORRUPT, & INCOMPETENT. https://t.co/EKcNDxOnT8

steve_hanke
Posted - December 8, 2024 at 2:00 PM
Saved - December 10, 2024 at 4:48 AM

@steve_hanke - Steve Hanke

HANKE’S CHART OF THE WEEK: Malta take first place as the fastest-growing economy in Europe. https://t.co/IZaYEsIfXw

steve_hanke
Posted - December 8, 2024 at 10:00 PM
Saved - December 10, 2024 at 4:45 AM

@steve_hanke - Steve Hanke

#VNZWatch🇻🇪: Venezuela's money supply (M3) growth rate remains RED HOT at 153.1%/yr. That's why inflation continues to soar at 57%/yr by my measure. Pres. Maduro = TEN YEARS OF RAGING INFLATION. https://t.co/KwfhEyqZDm

steve_hanke
Posted - December 8, 2024 at 6:18 PM
Saved - December 10, 2024 at 4:45 AM

@steve_hanke - Steve Hanke

BREAKING: Russia's state news agency TASS has confirmed that ousted Syrian President Bashar al-Assad is in Moscow, where Russia has granted him and his family political asylum. Stay tuned. https://t.co/eLTGdWUKoF

steve_hanke
Posted - December 9, 2024 at 9:41 PM
Saved - December 10, 2024 at 4:42 AM

@steve_hanke - Steve Hanke

Syrians continue to celebrate the fall of the Assad regime. They just toppled Syria’s largest statue of Hafez al-Assad. Stay tuned. https://t.co/WUtyeLNtBy

steve_hanke
Posted - December 10, 2024 at 2:19 AM
Saved - December 10, 2024 at 4:42 AM

@steve_hanke - Steve Hanke

BREAKING: Since the fall of the Assad regime, everything in Syria is in a state of flux except the Syrian pound. It has remained stable at £17,000 per USD. https://t.co/p87nmPuHSy

steve_hanke
Posted - September 3, 2024 at 5:30 PM
Saved - September 12, 2024 at 11:56 AM

@steve_hanke - Steve Hanke

Distinguished Columbia Univ. Prof. Jeffrey Sachs recounts the CIA-orchestrated coup of Haitian President Jean-Bertrand Aristide: "They took Aristide out to an unmarked CIA plane one day as President of Haiti and flew him to the Central African Republic and deposed him." https://t.co/adHmymreWp

Video Transcript AI Summary
The president of Haiti told the speaker he thought he was going to be killed or taken away, but the speaker dismissed it. The president, Aristide, was then deposed and flown to the Central African Republic on an unmarked CIA plane. The U.S. ambassador walked him to the plane in broad daylight. The speaker, an economic advisor and friend, called the New York Times reporter on the beat to cover the coup. The reporter said her editor was not interested.
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Speaker 0: The president of Haiti told me one day, Jeff, they're gonna they're gonna kill me. They're gonna they're gonna take me away. And I said, no. No. No. And I I thought he was being, figurative and and, metaphorical. And I said, no. Everything's gonna be alright. I'm gonna help you get this loan, blah blah blah blah. Of course, the upshot of it was, as usual, I was naive and and, they took Aristide out to an unmarked CIA plane one day as president of Haiti and flew him to the Central African Republic and deposed him and deposed him literally in broad daylight. I mean, it was the middle of the day and the US ambassador walked him out to this unmarked plane. But the interesting story for me, walked him out to this unmarked plane. But the interesting story for me was that I called since I was an economic adviser a little bit and a friend, and, don't like presidents getting taken out to CIA unmarked planes and flown to center of Africa. I called the, the reporter on the beat of the New York Times. And I said to her, could you cover this story? There's just been a coup. She said to me, my editor is not interested.
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