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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.

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
trump
Commentary
Trump is set to throw another tariff tantrum at the state of the union. Economists know better
By Steve H. HankeFebruary 24, 2026
trump
Commentary
Trump’s tariffs: a lesson in economic and legal ignorance
By Steve H. HankeFebruary 23, 2026
Javier Milei, Donald Trump
Commentary
Argentina passes the begging bowl, again
By Steve H. HankeOctober 13, 2025
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
Finance
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 TullyAugust 26, 2025
Donald Trump and Jerome Powell
Commentary
Monetary policy is not about interest rates, it’s about the money supply
By Steve H. Hanke and John GreenwoodAugust 21, 2025
Imran Khan
Commentary
The Money Doctor and ‘Captain Pakistan’: Steve Hanke on his last call with Imran Khan and the doom loop gripping Pakistan
By Steve H. HankeAugust 10, 2025
Bill Ackman is keen on Trump privatizing Fannie Mae and Freddie Mac. There’s a right way and a wrong way to do it
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. HankeMay 30, 2025
The U.S.-China trade war’s 90-day pause was 70 years in the making
Commentary
The U.S.-China trade war’s 90-day pause was 70 years in the making
By Steve H. Hanke and Jeffrey WengMay 15, 2025
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