Steve H. Hanke

Steve H. Hanke

Steve H. Hanke is a professor of applied economics at Johns Hopkins University. He served on President Ronald Reagan’s Council of Economic Advisers. Known as “the Money Doctor,” he’s advised presidents and prime ministers for over 40 years.

  • trade war between USA and ChinaFinance

    It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble U.S. economic growth

    By Steve H. Hanke and Shawn Tully
  • Donald Trump and Jerome PowellCommentary

    Monetary policy is not about interest rates, it’s about the money supply

    By Steve H. Hanke and John Greenwood
  • Imran KhanCommentary

    The Money Doctor and ‘Captain Pakistan’: Steve Hanke on his last call with Imran Khan and the doom loop gripping Pakistan

    By
  • Bill Ackman, Founder and CEO, Pershing Square Capital Management speaks about higher education and Harvard University during at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 6, 2025. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)Commentary

    Bill Ackman is keen on Trump privatizing Fannie Mae and Freddie Mac. There’s a right way and a wrong way to do it

    By Matt Sekerke and Steve H. Hanke
  • US President Donald Trump and Tesla CEO Elon Musk speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Commentary

    The U.S.-China trade war’s 90-day pause was 70 years in the making

    By Steve H. Hanke and Jeffrey Weng
  • WASHINGTON, DC – APRIL 02: U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump is expected to announce additional tariffs targeting goods imported to the U.S. (Photo by Chip Somodevilla/Getty Images)Commentary

    U.S. corporate earnings growth is on the road to zero

    By Steve H. Hanke and Guy Petcho
  • WASHINGTON, DC – APRIL 02: U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump is expected to announce additional tariffs targeting goods imported to the U.S. (Photo by Chip Somodevilla/Getty Images)Commentary

    Ending the U.S. trade deficit with tariffs is impossible, and it risks eliminating two longstanding U.S. surpluses

    By Steve H. Hanke and Caleb Hofmann
  • One US dollar in hand.Commentary

    What ‘Mar-a-Lago Accord’ proponents—who have Trump’s ear—get wrong about the U.S. dollar

    By Steve H. Hanke and John A. Tatom
  • QINGDAO, CHINA – APRIL 15, 2025 – Bridge cranes load containers to a cargo ship at the Qingdao Free Trade Zone in Qingdao, Shandong province, China on April 15, 2025. (Photo credit should read CFOTO/Future Publishing via Getty Images)Commentary

    The U.S. trade deficit: It’s time to dump do-it-yourself economics and go back to basics

    By Steve H. Hanke and Caleb Hofmann
  • CHINA – 2025/04/10: In this photo illustration, US dollar bills seen placed on a table. US President Donald Trump said on Wednesday that he was pausing his new tariffs for 90 days except for China, which he announced he will raise its tariffs to 125 percent. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)Commentary

    How to restore confidence in the U.S. dollar—and why it’s faltering in the first place

    By Steve H. Hanke and Matt Sekerke
  • WASHINGTON, DC – APRIL 02: U.S. President Donald Trump displays a signed executive order imposing tariffs on imported goods during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump announced sweeping new tariffs targeting goods imported to the U.S. on countries including China, Japan and India. (Photo by Andrew Harnik/Getty Images)Commentary

    Trump’s tariffs are not ‘common sense’—and they’re putting America’s credibility and ‘exorbitant privilege’ at risk

    By Steve H. Hanke and Matt Sekerke
  • US President Donald Trump announces tariffs on auto imports in the Oval Office of the White House in Washington, DC, on March 26, 2025. Trump announced imposition of 25 percent tariffs on all cars and light trucks not built on US soil. “What we’re going to be doing is a 25 percent tariff on all cars that are not made in the United States. If they’re made in the United States, it is absolutely no tariff,” he announced at the White House. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Commentary

    Trump’s tariffs are flawed and contradictory—and the ‘Mar-a-Lago accord’ is suited for the trash bin

    By Steve H. Hanke and John A. Tatom
  • WASHINGTON, DC – MARCH 06: U.S. President Donald Trump speaks before signing executive orders in the Oval Office of the White House on March 06, 2025 in Washington, DC. President Trump signing a series of executive orders, including, lifting 25% tariffs for all goods compliant under USMCA trade agreement, terminating the security clearances of those who work at the law firm Perkins Coie, combating drug trafficking at the northern border and announced a $20 billion investment by shipping giant CMA CGM for U.S. infrastructure and jobs. (Photo by Alex Wong/Getty Images)Commentary

    Trump’s tariffs program is based on flawed assumptions about the trade deficit

    By Steve H. Hanke and Matt Sekerke
  • China's Premier Li Qiang prepares to speak at the National People's Congress in Beijing last week.Commentary

    China has only one real way to hit its 2025 growth target

    By Steve H. Hanke and Caleb Hofmann
  • Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., listens while playing cards on the sidelines the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, U.S., on Sunday, May 1, 2016. Dozens of Berkshire Hathaway subsidiaries will be showing off their products as Chief Executive Officer Warren Buffett hosts the company’s annual meeting. Photographer: Daniel Acker/Bloomberg via Getty ImagesCommentary

    Warren Buffett acts like the U.S. stock market is in bubble territory. He might be onto something

    By Steve H. Hanke and Caleb Hofmann