Professor Hanke's work in political economy spans five decades and three continents. From advising President Reagan on privatization to stopping hyperinflations in Bulgaria and Estonia, his career has been defined by the application of economic principles to real-world political challenges.
Political Economy
Exchange Rate Regimes & Currency Reform
Currency Boards
The rules-based monetary system Hanke has implemented in 7 countries. Zero hyperinflations. Zero speculative attacks. 170 years of evidence.
Dollarization
How countries eliminate monetary risk entirely by adopting the U.S. dollar or euro. Hanke's work in Montenegro, Ecuador, and Argentina.
Inflation & Monetary Policy
Hyperinflation
62 documented episodes. The Hanke-Krus World Hyperinflation Table. Real-time inflation measurement using PPP methodology. Zimbabwe, Venezuela, Hungary.
Monetarism
The Quantity Theory of Money. Hanke's Golden Growth Rate. Why the Fed is flying blind. State-money/bank-money analysis.
Ideology & Policy
Free Market Economics
Classical liberalism, Austrian economics, and monetarism as the intellectual foundation for Hanke's policy prescriptions.
Policy & Advisory Work
Reagan's Council of Economic Advisers. 15+ countries advised. The Troubled Currencies Project. 50+ years of public service — always pro bono.