The Foundation of Economic Education is hoisting (Co-host GMU Economics Society) an event at George Mason University April 18th and 19th. The topics of the seminar vary from; Foreign Aid, International Labour, US Foreign Policy, Institutions, Constitutions, and Economic Growth. However, FEE has put together a top of the shelve list of speakers. The list includes the names of; Geoffrey Lea, Bryan Caplan, Doug Bandow, and Josh Hall. Here is a link to the event.
Ecuador adopted the US Dollar as its currency on January, 2000. The country at the time had almost a 100% rate of inflation and it used the US currency for major transactions such as: house, cars, and importations purchases, to name a few. However, there was a huge social cost of implementing the US Dollar in Ecuador. The political cost took a big hit when President Mahuad was ousted due to his decision in 2000. Former President Jamil Mahuad in his book called: "This is how we dollarize Ecuador" (2021), makes a detailed account of the economic conditions in which the country was prior to the execution of the executive decree to use the US dollar as the country's official currency. Mainly, in its chapter IX "Hyperinflation and freezing." Mahuad mentions the following: “We then had a triple run: a bank run (due to the withdrawal of bank deposits), an exchange run (due to the loss of Central Bank reserves caused by the purchase of dollars) and a flight of cap
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