Money Madness: The Federal Reserve is Flying Blind. Why?
An economist, trader, advisor to presidents, and country boy from Cass County, Iowa, Steve Hanke is a professor of applied economics and founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University. Prof. Hanke is currently ranked as the world's third-most influential economist by FocusEconomics in Barcelona, Spain. He was one of the few who accurately predicted the recent bout of U.S. inflation and its subsequent decline.
Over four decades, Hanke has advised dozens of world leaders from Ronald Reagan to Indonesia’s Suharto on currency reforms, infrastructure development, privatization and how to tame hyperinflation. He served as a Senior Economist on President Reagan's Council of Economic Advisers; as a Senior Advisor to the Joint Economic Committee of the U.S. Congress; as a State Counselor to the Republic of Lithuania and to the Republic of Montenegro; and as an Advisor to the Presidents of Argentina, Bulgaria, Indonesia, Kazakhstan, and Venezuela. Prof. Hanke helped to establish new currency regimes in Argentina, Estonia, Bulgaria, Bosnia-Herzegovina, Ecuador, Lithuania and Montenegro. He has advised the governments of many other countries, including Albania, the United Arab Emirates and Yugoslavia.
Prof. Hanke is also a well-known currency and commodity trader -- a trade introduced to him 70 years ago by his grandfather in Iowa. Among other things, Prof. Hanke was the president of Toronto Trust Argentina in Buenos Aires, the world’s best performing mutual fund in 1995.
For his scholarly achievements, Prof. Hanke has been awarded seven honorary doctorate degrees and is an Honorary Professor at four foreign institutions. In 2020, Prof. Hanke was named a Knight of the Order of the Flag.
Prof. Hanke's most recent book Did Lockdowns Work? The Verdict on Covid Restrictions was published in June by the Institute of Economic Affairs in London.
Prof. Hanke and his wife, Liliane, reside in Baltimore and Paris.