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| Prof. Steve Hanke |
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| RVMarkov |
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| Vladimir Karolev |
@steve_hanke @KarolevVladimir Who cares about average inflation rate when people in Bulgaria live in poverty and 2 digit unemployment rate?!
— R V Markov (@RVMarkov) July 11, 2013
@RVMarkov @KarolevVladimir Stability might not be everything, but everything is nothing without stability.
— Prof. Steve Hanke (@steve_hanke) July 11, 2013
@RVMarkov @KarolevVladimir That said, #Bulgaria does have a ways to go: Tackling corruption should be at the top of the to-do list
— Prof. Steve Hanke (@steve_hanke) July 11, 2013
@steve_hanke @KarolevVladimir There is no stability when people live in misery without job and decent income
— R V Markov (@RVMarkov) July 11, 2013
@steve_hanke @KarolevVladimir Ask the protesters of #ДАНСwithme what they think of inflation rate...
— R V Markov (@RVMarkov) July 11, 2013
@steve_hanke @KarolevVladimir Even with no corruption we won't be able to do anything without an independent nonconvertsble lev n floatingFx
— R V Markov (@RVMarkov) July 11, 2013
@RVMarkov @KarolevVladimir if the currency board was done away with, politicians and various Mafia elements would grab more fiscal power;
— Prof. Steve Hanke (@steve_hanke) July 11, 2013
@RVMarkov @KarolevVladimir the deficit would grow; the country’s debt would grow; Bulgaria’s credit rating would be downgraded;
— Prof. Steve Hanke (@steve_hanke) July 11, 2013
@RVMarkov @KarolevVladimir interest rates would soar; the inflation rate would increase; the economy would slow,
— Prof. Steve Hanke (@steve_hanke) July 11, 2013
@RVMarkov @KarolevVladimir as confidence collapsed; and so on. In short, economic chaos — like that in Greece — would ensue.
— Prof. Steve Hanke (@steve_hanke) July 11, 2013
@steve_hanke @KarolevVladimir Bulgaria won't need loans in foreign currency anymore after introduction of indep Nonconv. BG Lev n float exch
— R V Markov (@RVMarkov) July 11, 2013
@steve_hanke @KarolevVladimir BG desperately needs larger deficits
— R V Markov (@RVMarkov) July 11, 2013
@RVMarkov @KarolevVladimir Without the currency board anchor, #Bulgaria would be tossed around like a small boat in a violent sea.
— Prof. Steve Hanke (@steve_hanke) July 11, 2013
@steve_hanke @KarolevVladimir BNB will set the short term interest in BG at zero for good
— R V Markov (@RVMarkov) July 11, 2013
@RVMarkov @steve_hanke hahahaha
— Vladimir Karolev (@KarolevVladimir) July 11, 2013
@RVMarkov @steve_hanke 99% of the BNB didn't know what a currency board was, when Prof. Hanke was around :-)))
— Vladimir Karolev (@KarolevVladimir) July 11, 2013
@steve_hanke @KarolevVladimir Demand pulled inflation won't occur before we achieve full employment in BG
— R V Markov (@RVMarkov) July 11, 2013
@RVMarkov @steve_hanke Let's not overestimate the expertise of policymakers in a country that has missed 150 years capitalism
— Vladimir Karolev (@KarolevVladimir) July 11, 2013
@steve_hanke @KarolevVladimir Economy will grow rapidly, sales will grow, businesses will grow
— R V Markov (@RVMarkov) July 11, 2013
@steve_hanke @KarolevVladimir Mr. Hanke, you are talking of gold standard or fixed exchange rate monetary system.
— R V Markov (@RVMarkov) July 11, 2013
@steve_hanke @KarolevVladimir I am talking about modern monetary system. We live in year 2013! Wake up, sir! pic.twitter.com/AwRTgBrtMU
— R V Markov (@RVMarkov) July 11, 2013
@KarolevVladimir @steve_hanke Don't sell yourself...and myself short! Today we have the MMT knowledge, so no excuse anymore. :-)
— R V Markov (@RVMarkov) July 11, 2013
@RVMarkov @steve_hanke It is a rare and exotic sight to see someone teaching economics to Prof. Hanke ;-)
— Vladimir Karolev (@KarolevVladimir) July 11, 2013
@steve_hanke @KarolevVladimir It is just the opposite, sir. The currency board is killing Bulgarians every day.
— R V Markov (@RVMarkov) July 11, 2013
@RVMarkov @steve_hanke Yes. Not being able to revert to hyperinflation is killing Bulgarians. Corruption has nothing to do with that :-)))
— Vladimir Karolev (@KarolevVladimir) July 11, 2013
@KarolevVladimir @steve_hanke Yes, because I am talking of modern money economics and students still study gold st. fixed exch rate econom.
— R V Markov (@RVMarkov) July 11, 2013
@KarolevVladimir @steve_hanke I am talking about full employment and price stability at the same time
— R V Markov (@RVMarkov) July 11, 2013
@RVMarkov @KarolevVladimir The only thing #Bulgaria's Currency Board kills is inflation pic.twitter.com/J8pADIIhMM
— Prof. Steve Hanke (@steve_hanke) July 11, 2013
@steve_hanke @RVMarkov hahahaha rocked
— Vladimir Karolev (@KarolevVladimir) July 11, 2013
@RVMarkov @KarolevVladimir For good measure pic.twitter.com/ez2D3p9Fev
— Prof. Steve Hanke (@steve_hanke) July 11, 2013
@KarolevVladimir @steve_hanke The currency board can't do anything against deflation and unemployment.
— R V Markov (@RVMarkov) July 11, 2013
@RVMarkov @steve_hanke Monetary policy has tragic history of doing anything against anything, to be honest.
— Vladimir Karolev (@KarolevVladimir) July 11, 2013
@steve_hanke @KarolevVladimir Nope, it killed employment and sales
— R V Markov (@RVMarkov) July 11, 2013
@steve_hanke @KarolevVladimir Nice talking to you guys, have to go but take a look at either of these books, thanks pic.twitter.com/MY7XNIBTHp
— R V Markov (@RVMarkov) July 11, 2013
@KarolevVladimir @steve_hanke I agree with you here 100%!
— R V Markov (@RVMarkov) July 12, 2013