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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.

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
U.S. corporate earnings growth is on the road to zero
Commentary
U.S. corporate earnings growth is on the road to zero
By Steve H. Hanke and Guy PetchoApril 30, 2025
Ending the U.S. trade deficit with tariffs is impossible, and it risks eliminating two longstanding U.S. surpluses
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 HofmannApril 28, 2025
What ‘Mar-a-Lago Accord’ proponents—who have Trump’s ear—get wrong about the U.S. dollar
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. TatomApril 25, 2025
The U.S. trade deficit: It’s time to dump do-it-yourself economics and go back to basics
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 HofmannApril 18, 2025
How to restore confidence in the U.S. dollar—and why it’s faltering in the first place
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 SekerkeApril 16, 2025
Trump’s tariffs are not ‘common sense’—and they’re putting America’s credibility and ‘exorbitant privilege’ at risk
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 SekerkeApril 4, 2025
Trump’s tariffs are flawed and contradictory—and the ‘Mar-a-Lago accord’ is suited for the trash bin
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. TatomApril 1, 2025
Trump’s tariffs program is based on flawed assumptions about the trade deficit
Commentary
Trump’s tariffs program is based on flawed assumptions about the trade deficit
By Steve H. Hanke and Matt SekerkeMarch 19, 2025
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 HofmannMarch 11, 2025
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