Steven H. Hanke
Steve H. Hanke is Professor of Applied Economics at the Johns Hopkins University in Baltimore, MD. He is also a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C. You can follow him on Twitter: @Steve_Hanke
Steven H. Hanke Articles
As I type this on Wednesday morning, there's really no sense in discussing other news or data-points today, as everything is meaningless ahead of the FOMC...which should stop you in your tracks when you consider how Fed-dependent...
June’s inflation index jumped 5.4% from a year ago, the highest reading since August 2008. The experts were surprised. Clearly, Federal Reserve watchers never bothered to consult Milton Friedman. Lost is a core Friedman dictum: “Inflation...
Yesterday’s headline inflation number of 4.2% per year shocked most observers. It didn’t shock me, and it wouldn’t have shocked Milton Friedman either. We know that money dominates, but our monetarist perspective is not held by most.
How will Iran, Russia, and Turkey react to the plethora of financial sanctions being placed on them by the United States? Well, they will do what anyone being beaten with a stick would do: they will try to escape.
Last December, the Iranian government of Hassan Rouhani passed a bill to change the name of Iran’s national currency from the rial to the toman. This would require a redenomination in which one zero was lopped off Iran’s unit of account,...
At a monetary conference in Vienna back in 2014, the distinguished Frenchman friend, and occasional collaborator Jacques de Larosière proclaimed that the current world monetary order should be termed an “anti-system.” He has a point – an...
Since its high of almost $108/bbl in June of 2014, we have witnessed a stunning collapse in the price of oil. Indeed, in February 2016, a barrel of West Texas Intermediate (WTI) was trading at $26/bbl, a 76 percent plunge from the June...
Ever since the US Federal Reserve (Fed) began to consider raising the federal funds rate, which it eventually did in December 2015, a cottage industry has grown up around taper talk. Will the Fed raise rates, or won’t it? Each time a...
In 2010, Brazil’s Finance Minister, Guido Mantega, coined the phrase “currency war” when he complained about the “cheap” Chinese renminbi (RMB). Mantega claimed this gave China an unfair trade advantage. As he put it to the Financial Times...
Before we delve into the economic prospects for 2016, let’s take a look at the economies in the Americas, Asia, Europe and the Middle East/Africa to see how they fared in the 2014-15 period. A clear metric for doing this is the misery...
