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Steve H. Hanke

Steve H. Hanke

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In the Age of Big Players, $100,000 buys you a head start on Trump’s mood

It can even buy you something in Xi’s China and Modi’s India, too. The political economy debate about capitalism vs. socialism isn't wrong, it's...

previous day 2

Fortune

Steve H. Hanke

Japan’s monetary conundrum — why the yen hit a 40-year low as interest rates hit a 31-year high

Japan hiked rates to chase inflation—but its real problem is money that never showed up.

20.07.2026 4

Fortune

Steve H. Hanke

It’s time to dump time zones

Wall Street already runs on Coordinated Universal Time. So why not the rest of the country?

18.07.2026 2

Fortune

Steve H. Hanke

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

Today, U.S. debt held by the public currently stands at a staggering $31.68 trillion, a little more than 100% of GDP. According to the nonpartisan...

15.07.2026 1

Fortune

Steve H. Hanke

America at 250: why the Constitution was built to restrain government, not celebrate majority rule

Our founders designed the Constitution to safeguard liberty and property against majoritarian excess—a century of emergencies has steadily eroded it.

01.07.2026 9

Fortune

Steve H. Hanke

Social Security and Medicare are heading toward insolvency. Congress has 6 years to act

Trust fund exhaustion by 2032–2033 could trigger automatic benefit cuts — there is a bipartisan path to prevent it.

11.06.2026 8

Fortune

Steve H. Hanke

The deficit just grew by $955 billion in 7 months. It’s time for a constitutional fix to control the budget

Interest payments just hit $628 billion. Decades of failed congressional fixes prove that only a constitutional amendment can break Washington's...

14.05.2026 30

Fortune

Steve H. Hanke

Trump thinks he’s flying to Beijing with leverage. China spent 6 years making sure he doesn’t have any

As Air Force One prepares for a May 14 Beijing visit, the U.S. has already ceded the geopolitical high ground to China.

10.05.2026 10

Fortune

Steve H. Hanke

China has a welcome mat for Trump: it just rewrote the rules on U.S. sanctions

Beijing's Announcement No. 21 activates, for the first time, a private right of action against anyone who complies with U.S. sanctions on Chinese...

04.05.2026 30

Fortune

Steve H. Hanke

America shot its arsenal empty in 2 wars. Now it needs Beijing’s permission to reload

The Iran and Ukraine conflicts have drained U.S. missile stockpiles — and restocking requires rare earth materials that China controls with an iron...

30.04.2026 10

Fortune

Steve H. Hanke

America’s national debt is heading to 175% of GDP. Here’s why no president—including Trump—has the will to stop it

The Trump FY27 budget is just the latest installment in a decades-long bipartisan failure of spending discipline. Only a constitutional fix can break...

22.04.2026 10

Fortune

Steve H. Hanke

The world’s most — and least — miserable economies in 2025, ranked

Venezuela tops a new global misery index covering 178 countries, while Taiwan claims the happiest economy title for the second year running.

16.04.2026 150

Fortune

Steve H. Hanke

Congress is violating the Constitution—and a $39 trillion debt is the proof

Most Americans can't pass the citizenship test and most members of Congress fail a more consequential exam: honoring their constitutional oath on the...

31.03.2026 20

Fortune

Steve H. Hanke

The Treasury just declared the U.S. insolvent. The media missed it

The Government Accountability Office can't even verify the books. Here's what Congress must do.

23.03.2026 90

Fortune

Steve H. Hanke

The U.S. just hit $39 trillion in debt. Here’s the constitutional fix that Congress won’t touch

It is time for a fiscal responsibility amendment to the United States Constitution.

20.03.2026 20

Fortune

Steve H. Hanke

Something will cause inflation to go up this year, but it’s not oil

It's often said that the inflation of the 1970s and '80s in the U.S. and elsewhere was caused by the two oil crises of 1973-74 and 1979-80. Not so.

09.03.2026 10

Fortune

Steve H. Hanke

Trump is set to throw another tariff tantrum at the state of the union. Economists know better

Trump calls himself "Tariff Man" and is moving to pull another rabbit out of his hat. Don't be confused.

24.02.2026 20

Fortune

Steve H. Hanke

Trump’s tariffs: a lesson in economic and legal ignorance

Have tariffs created more jobs, or an economic boom? Not if you look at the data.

24.02.2026 30

Fortune

Steve H. Hanke

Argentina passes the begging bowl, again

Maybe President Trump has bet on a dead horse. After all, Argentina has never been a good bet.

13.10.2025 20

Fortune

Steve H. Hanke

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

Trump is effectively putting more money in families’ pockets with one hand, and taking a big chunk of it back with the other.

26.08.2025 40

Fortune

Steve H. Hanke

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

By ignoring the quantity theory of money and employing neo-Keynesian macroeconomic models, central bankers are often wrong-footed.

21.08.2025 20

Fortune

Steve H. Hanke

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

Steve Hanke, the "Money Doctor" who has slayed inflation for 50 years, is ranked as the world’s third most influential economist by Focus Economics...

10.08.2025 20

Fortune

Steve H. Hanke

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

As Trump tries to gain leverage from tariffs, China is well aware of its strategic ace. So is Tesla CEO Elon Musk.

15.05.2025 20

Fortune

Steve H. Hanke

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

We already knew the U.S. economy would slow down—then came the regime uncertainty spawned by Trump’s policies.

30.04.2025 20

Fortune

Steve H. Hanke