Steve Hanke
@steve_hanke
Professor of Applied Economics @JohnsHopkins | Distinguished Senior Scholar @mises | @Fortune | FX & Commodity Trader | Reagan White House | Views are my own
Yours truly on the Fed Chairman Powell's & Trump’s monetary malpractice: "Both reject the Quantity Theory of Money and obsess over interest rates. Monetary policy is not about interest rates. It's about changes in the money supply. If they were in my class, they’d both receive…
Yours truly on his most recent book w/Matt Sekerke, MAKING MONEY WORK: 1️⃣ Restore the Quantity Theory of Money 2️⃣ Realize the importance of commercial banks & bank regulations 3️⃣ Embrace monetary neutrality THE CURRENT MONETARY FRAMEWORK = BROKEN. READ MAKING MONEY WORK.
BREAKING: The Israeli Knesset votes 71-13 in favor of a non-binding motion for the agenda in favor of annexing the West Bank.

WATCH: NYC Dem mayoral candidate Zohran Mamdani as he states that he would be in favor of ABOLISHING private property. The abolition of private property is straight from page 30 of The Communist Manifesto. Mamdani has learned his lessons well.
Yours truly on what’s driving inflation: “We’re still on a downward trajectory. That' because two years ago the money supply contracted. Inflation is always and everywhere a monetary phenomenon." More details with @davidlin_TV:
"The biggest battle is the war against ignorance." – Atatürk

#PAKWatch🇵🇰: PAK = NO RULE OF LAW. It's time to free CAPTAIN PAKISTAN.

#IranWatch🇮🇷: US has announced additional sanctions on 22 firms affiliated with Iran’s oil export banking network. SANCTIONS = A MILLION WORKAROUNDS = BACKFIRE.

#JapanWatch🇯🇵: Japan’s CPI inflation rate cooled to 3.3%/yr in June. No surprise. Japan’s money supply is growing at an ANEMIC 0.9%/yr. That's WELL BELOW Hanke's Golden Growth Rate of 6.1%/yr, a rate consistent with hitting Japan's 2%/yr inflation target.

ANOTHER MURDEROUS DAY IN THE KILLING FIELDS OF GAZA. Today, Israeli strikes killed 25 Palestinians in Gaza. The 4 US-Israeli backed Gaza Humanitarian Foundation food distribution sites are nothing more than killing traps.

#EconWatch: Car giant Stellantis says TRUMP TARIFFS have cost it €300M. North American shipments dropped 25% last quarter. TRUMP'S TARIFFS = TAXES = AN ECONOMIC WRECKING BALL.

Abu Dhabi has been named the safest city in the world by Numbeo for the 9th year in a row. INTERESTING. Abu Dhabi is known as a sunny place where a lot of shady characters reside. numbeo.com/crime/rankings…
In June, Argentina's inflation slowed to 39.4%/yr. But there is a long way to go. Arg's Money Supply (M3) grew at 81.1%/yr. That's FAR ABOVE Hanke's Golden Growth Rate of 9.8%/yr, a rate consistent with hitting Arg's inflation target of 5.0%/yr reuters.com/world/americas…
Roman Storm, creator of the popular crypto platform Tornado Cash, is now on trial for money laundering charges. CRYPTO = CRIMINALS' CURRENCY OF CHOICE. businessinsider.com/tornado-cash-g…
Reuters reports 69% of Americans believe that Trump is trying to sweep the sordid details about Epstein's honeypot operation under the rug. WAS TRUMP CAUGHT IN EPSTEIN'S HONEYPOT?

Chairman Powell and the Fed reject the Quantity Theory of Money MV = PY. It’s time for the Fed to read my most recent book, Making Money Work.

BREAKING: Speaker of the House, Mike Johnson, is shutting down House operations until September. WHY? TRUMP AND THE JEFFREY EPSTEIN FILES.

.@PeterSchiff RIGHT ON. BUY GOLD, WEAR DIAMONDS. x.com/PeterSchiff/st…
Gold is about to move back above $3,400 and silver back above $39. Don't miss out on this historic precious metals bull market by buying into the Bitcoin Ponzi instead!
KNOW-IT-ALL TRUMP is now telling the Coca-Cola company how to make Coke.

#TurkeyWatch🇹🇷: Turkey’s budget for the first half of 2025 reached a deficit of 980 billion lira. Erdogan = PHD IN ECONOMIC MISMANAGEMENT.
