Steve Hanke

Steve Hanke

Steve Hanke is professor of applied economics at Johns Hopkins University. He is also a senior fellow and director of the Troubled Currencies Project at the Cato Institute in Washington

Latest from Steve Hanke

Secular stagnation nothing more than a phoney rationale for more government waste
How anchoring China’s currency could deliver stability to mainland markets
Why the rule of law is vital to the value of money
The depth of the Greek crisis is best measured in Texas
Restrictive banking policies lead to low growth
Currency warriors rise again
Indonesia experience explains the Russian rouble’s rout
Global banker witch hunt hurts economic recovery
Macroscope | Regime uncertainty posing problem to US economy

Shortly after the Great Recession started, I wrote a column in December 2008 titled "A Great Depression?"

30 Sep 2014 - 5:58AM

Shortly after the Great Recession started, I wrote a column in December 2008 titled "A Great Depression?"

Regime uncertainty posing problem to US economy
The View | Measuring the global misery index

Misery in macroeconomic terms is measured simply by the sum of a country's unemployment, inflation and bank lending rates, minus the percentage change in real gross domestic product per capita.

25 Jul 2014 - 1:29AM

Misery in macroeconomic terms is measured simply by the sum of a country's unemployment, inflation and bank lending rates, minus the percentage change in real gross domestic product per capita.

Measuring the global misery index
Macroscope | Time for GDP to GO as key economic growth measure

In late April this year, the Bureau of Economic Analysis at the United States Department of Commerce announced that it would start reporting a new data series as part of the country's national income accounts.

1 Jul 2014 - 7:03AM

In late April this year, the Bureau of Economic Analysis at the United States Department of Commerce announced that it would start reporting a new data series as part of the country's national income accounts.

Time for GDP to GO as key economic growth measure
French economist's long-forgotten demand theory gets its due after new US policy
Why US interest rates aren't going higher any time soon

Financial markets have been primed for about a year now to expect higher US interest rates. They haven't arrived yet and probably won't until well into 2016.

30 May 2016 - 2:05PM

Financial markets have been primed for about a year now to expect higher US interest rates. They haven't arrived yet and probably won't until well into 2016.

Why US interest rates aren't going higher any time soon
World misery index puts Venezuela at the top but it is actually worse

The recession grinds on, and as it does, politicians of all stripes are asking: "Just how miserable are our citizens?"

6 May 2014 - 12:42AM

The recession grinds on, and as it does, politicians of all stripes are asking: "Just how miserable are our citizens?"

World misery index puts Venezuela at the top but it is actually worse
High minimum wage kills jobs and makes poor worse off
How the US dollar destabilises the world

Karl Schiller, West Germany's economics minister between 1966 and 1972, pithily pronounced that "stability is not everything, but without stability, everything is nothing".

4 Mar 2014 - 7:08AM

Karl Schiller, West Germany's economics minister between 1966 and 1972, pithily pronounced that "stability is not everything, but without stability, everything is nothing".

How the US dollar destabilises the world
Economists launch blitzkrieg

The economic talking-head establishment has declared war on Germany.

12 Dec 2013 - 4:48PM

The economic talking-head establishment has declared war on Germany.

Economists launch blitzkrieg
Rankings that rankle

The World Bank has been producing its annual "Doing Business" report since 2004 and its 2014 edition ranking Hong Kong second out of 189 economies surveyed, in contrast to mainland China's score of 96, hardly seems controversial.

2 Nov 2013 - 3:13AM

The World Bank has been producing its annual "Doing Business" report since 2004 and its 2014 edition ranking Hong Kong second out of 189 economies surveyed, in contrast to mainland China's score of 96, hardly seems controversial.

Rankings that rankle
A dove or a hawk?

President Barack Obama has picked Janet Yellen as his nominee to be the next chairman of the United States Federal Reserve.

25 Oct 2013 - 3:23AM

President Barack Obama has picked Janet Yellen as his nominee to be the next chairman of the United States Federal Reserve.

A dove or a hawk?
Who's to blame for slack euro zone? Not Germany