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Photo of Steve H. Hanke
Steve H. Hanke
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Steve H. Hanke is a professor of applied economics at Johns Hopkins University and senior contributing columnist at Fortune. 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.

japan
Commentary
Japan’s monetary conundrum — why the yen hit a 40-year low as interest rates hit a 31-year high
By Steve H. Hanke and John GreenwoodJuly 20, 2026
time
Commentary
It’s time to dump time zones
By Steve H. HankeJuly 18, 2026
sb
Commentary
The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution
By Steve H. Hanke and David M. WalkerJuly 15, 2026
usa
Commentary
America at 250: why the Constitution was built to restrain government, not celebrate majority rule
By Steve H. HankeJuly 1, 2026
bessent
Commentary
Social Security and Medicare are heading toward insolvency. Congress has 6 years to act
By Steve H. Hanke and David M. WalkerJune 11, 2026
trump
Commentary
The deficit just grew by $955 billion in 7 months. It’s time for a constitutional fix to control the budget
By Steve H. Hanke and David M. WalkerMay 14, 2026
trump
Commentary
Trump thinks he’s flying to Beijing with leverage. China spent 6 years making sure he doesn’t have any
By Steve H. HankeMay 10, 2026
trump
Politics
China has a welcome mat for Trump: it just rewrote the rules on U.S. sanctions
By Steve H. Hanke and Jeffrey WengMay 4, 2026
hegseth
Commentary
America shot its arsenal empty in 2 wars. Now it needs Beijing’s permission to reload
By Steve H. Hanke and Jeffrey WengApril 30, 2026
trump
Commentary
America’s national debt is heading to 175% of GDP. Here’s why no president—including Trump—has the will to stop it
By Steve H. Hanke and David M. WalkerApril 22, 2026
venezuela
Commentary
The world’s most — and least — miserable economies in 2025, ranked
By Steve H. HankeApril 16, 2026
congress
Commentary
Congress is violating the Constitution—and a $39 trillion debt is the proof
By Steve H. Hanke and David M. WalkerMarch 31, 2026
trump
Commentary
The Treasury just declared the U.S. insolvent. The media missed it
By Steve H. Hanke and David M. WalkerMarch 23, 2026
trump
Commentary
The U.S. just hit $39 trillion in debt. Here’s the constitutional fix that Congress won’t touch
By Steve H. Hanke and David M. WalkerMarch 20, 2026
trump
Commentary
Something will cause inflation to go up this year, but it’s not oil
By Steve H. Hanke and John GreenwoodMarch 9, 2026
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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is forplaceholder alt text
By Sydney LakeJuly 23, 2026
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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates downplaceholder alt text
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Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehowplaceholder alt text
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