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![steve_hanke Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::863527548.png) Steve Hanke [@steve_hanke](/creator/twitter/steve_hanke) on x 804.7K followers
Created: 2025-07-10 22:00:02 UTC

Yours truly on why politicians fight against currency boards:

"The currency board puts a hard budget constraint on the system because you no longer have a central bank that can loan money to gov't... So, the politicians are in a straitjacket."

![](https://pbs.twimg.com/amplify_video_thumb/1942573120839155712/img/pfag2fY2kVL7_ouZ.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943430034880106686/c:line.svg)

**Related Topics**
[money](/topic/money)
[loan](/topic/loan)
[budgeting](/topic/budgeting)
[currency](/topic/currency)

[Post Link](https://x.com/steve_hanke/status/1943430034880106686)