Hanke on the disaster in Argentina and Doyle on AIG, bank fraud and regulation
China’s economy is now the biggest in the world – larger than even the US in purchasing power parity (PPP) terms. The International Monetary Fund announced on Wednesday that China’s economy, when measured by PPP, has surpassed that of the United States, which has occupied the top slot since 1872 – demonstrating a significant milestone in China's evolution into a global economic power. Erin weighs in.
Then, Erin sits down with Steve Hanke, professor of applied economics at Johns Hopkins University and senior fellow at The Cato Institute, to discuss Argentina’s failing economy and prospects for African nations.
After the break, Erin talks to Larry Doyle, author of “In Bed With Wall Street” and managing partner at DM Income Advisors, to get his take on the AIG lawsuit and bank fraud.
And in The Big Deal, Erin and Edward Harrison discuss iOS 8 flaws, the controversy surrounding Microsoft CEO Satya Nadella’s recent comments on the gender pay gap, and smartphone encryption. Take a look!
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