Steve Hanke

Steve Hanke

Steve H. Hanke is a professor of applied economics at Johns Hopkins University, specializing in currencies, hyperinflation, and monetary reform, and has advised on the design of currency boards and dollarization programs in numerous countries. He is a senior fellow at the Cato Institute and a longtime commentator on exchange rates, sanctions, and money-supply growth. He is a recurring guest on Dialogue Works, where he argues that Washington's sanctions and dollar-weaponization campaigns consistently fail and tend to backfire.

Where they stand

A short read of where Steve Hanke lands on each front we follow, drawn from their recent appearances and refreshed whenever they turn up in a debrief.

Iran
Trump started a war of choice and Iran has won it; US escalations have each left the US and allies worse off, and a new one would devastate the Gulf
as of 2026-10-31
Ukraine & Russia
Germany's chancellor makes funding Ukraine's war his top priority while Germany deindustrializes; a Democratic Congress would escalate the NATO-Ukraine war
as of 2026-10-31
Israel
Trump's Iran rhetoric is pure Israeli talking points, Israel encourages escalation, and the UAE is joined at the hip with Israel
as of 2026-10-31
East Asia
Xi is not taking orders from Trump; China rebuffed Trump's plea for diesel, cut diesel exports days after the summit and holds the upper hand in commodity markets.
as of 2026-10-03
American power
Presidents wage wars on Iran and Russia with no congressional vote, and US growth is only an AI bubble that could pop
as of 2026-10-31
The global economy
US Q3 GDP of 3.4 percent is almost entirely AI investment, a credit-plus-asset-price bubble that raises crisis odds; Gulf water, oil and logistics are exposed to Iranian strikes
as of 2026-10-31

Recent appearances

Steve Hanke: BREAKING: Marco Rubio Says U.S. Is Ready for Military Action Against Iran
Dialogue Works (host: Nima Alkhorshid) · 2026-10-31
2026-10-24 · Dialogue Works (Nima Alkhorshid)watch ↗
Steve Hanke: BREAKING: U.S. Evacuates Military Bases Across West Asia Ahead of Possible Conflict
2026-10-18 · Mario Nawfalwatch ↗
TANKERS HIT NEAR SAUDI ARABIA, THE REAL PRICE OF OIL HITS $140 A BARREL - w/ Prof. Steve Hanke
2026-10-17 · Dialogue Works (host: Nima Alkhorshid)watch ↗
Steve Hanke: BREAKING:Tanker Hit Near Saudi Arabia as Reports of Another Hormuz Explosion Shake Gulf
2026-10-11 · Mario Nawfalwatch ↗
SATELLITES SHOW 4 SAUDI OIL AND GAS SITES BURNING AFTER HOUTHI STRIKES – w/ Prof. Steve Hanke
2026-10-10 · Dialogue Workswatch ↗
Steve Hanke: BREAKING: Yemeni Ballistic Missile Strikes Riyadh Airport— Multiple Casualties Reported
2026-10-03 · Dialogue Works (Nima Alkhorshid)watch ↗
Prof. Steve Hanke: Trump Promises Every American Adult $5,000—If Republicans Win Congress
Earlier appearances (7)
2026-10-03 · Mario Nawfalwatch ↗
SAUDI ENERGY BOMBED AGAIN AS US WEIGHS JOINING WAR – w/ Prof. Steve Hanke
2026-09-30 · Tom Switzerwatch ↗
Steve Hanke: Is America Heading for Economic Catastrophe?
2026-09-26 · Dialogue Workswatch ↗
Treasury pushes more than 50 countries to cut aviation and banking ties with Iran; ad-hocracy; the Trump-Xi summit
2026-09-19 · Dialogue Works (host: Nima Alkhorshid)watch ↗
Prof. Steve Hanke: Riyadh airport fuel tanks on fire as the oil market faces unprecedented pressure
2026-09-12 · Dialogue Works (host: Nima Alkhorshid)watch ↗
Prof. Steve Hanke: BRICS declares unilateral sanctions illegal; the New Delhi declaration
2026-09-05 · Dialogue Works (host: Nima Alkhorshid)watch ↗
The EU and US economic war on Iran; the SCO pivot; secondary sanctions as a losers game
2026-08-29 · Dialogue Works (host: Nima Alkhorshid)watch ↗
Sanctions that do not work; the Iran war as strategic catastrophe