News Desk: Press Releases

Economist Steve Hanke Appointed as Senior Advisor to The Gold Standard Now

Professor Steve H. Hanke, an expert in exchange-rate regimes and commodity and currency markets, has been appointed as a Senior Advisor to TheGoldStandardNow.org.

Steve Hanke has been appointed to TheGoldStandardNow.org, a project of the Lehrman Institute. Institute founder and Chairman, Lewis E. Lehrman said, “Steve Hanke has earned acclaim during his distinguished career as an economic advisor to countries in Europe, Asia, South America, and the Middle East. Professor Hanke has authored many key writings on the importance of sound money around the world. His work in the Reagan Administration helped shaped many of the policies that propelled the American economy during those years. On behalf of the board, I am pleased to welcome Steve Hanke as senior advisor to The Gold Standard Now.”

TheGoldStandardNow.org is a website that provides information about the classical gold standard. The site provides key writings, historical information, breaking news, featured articles from the world media and frequently-updated original content.

Steve Hanke has been a professor of applied economics at The Johns Hopkins University, for over forty years. In the past, he taught economics at the Colorado School of Mines and the University of California, Berkeley. Professor Hanke has written over twenty books and several hundred articles on sound money, and has engineered more currency reforms than any living economist. During the Reagan Administration, he was a Senior Economist on the President’s Council of Economic Advisers, and later a Senior Advisor to the Joint Economic Committee of the U.S. Congress. He has also held cabinet-level positions in the Republic of Lithuania and the Republic of Montenegro. He has been an advisor to heads of state in countries throughout Asia, Eastern Europe, Latin America, and the Middle East. His most recent books include Zimbabwe: Hyperinflation to Growth (2008) and A Blueprint for a Safe, Sound Georgian Lari (2010).

Hanke is also a well-known currency and commodity trader. Currently he serves as Chairman of the Richmond Group Fund Co., Ltd., a global macro hedge fund located in Richmond, Virginia. He is also Chairman Emeritus of the Friedberg Mercantile Group, Inc. in Toronto. During the 1990s, he served as President of Toronto Trust Argentina in Buenos Aires, the world's best-performing emerging market mutual fund in 1995.

Professor Hanke holds a doctoral degree in Economics from the University of Colorado at Boulder, and is a recipient of the degree Doctor of Arts, Honoris Causa from the Universidad San Francisco de Quito; a recipient of the degree Doctor of Economics, Honoris Causa from the Free University of Tbilisi; and a recipient of the degree Doctor of Economics, Honoris Causa from Istanbul Kültür University. In 1998, Professor Hanke was named one of the twenty-five most influential people in the world by World Trade Magazine.

Upon accepting the appointment, Hanke said, “Since Richard Nixon closed the gold window in 1971, the world has endured one financial crisis after another: an international debt crisis in 1982, a U.S. banking crisis (S&L) in 1982-83, an Asian financial crisis in 1997-98, and the mother of all modern financial crises (2007-?). It is time to open the gold window and there is no better forum for the advocacy of this issue than The Gold Standard Now, under the inspired leadership of Lewis Lehrman.”

Currently serving as senior advisors to TheGoldStandardNow.org are Lewis E. Lehrman, founder and chairman of the Lehrman Institute; economist and financial editor, Paul Fabra; Sean Fieler, chairman of the American Principles Project; John D. Mueller, Director of Economics and Ethics program at the Ethics and Public Policy Center; author and journalist, James Grant; economist and author, Judy Shelton; and as advisors Ralph J. Benko, author, columnist and editor of TheGoldStandardNow.org; Brian Domitrovic, author of Econoclasts: the Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity and Forbes.com columnist; author Jeffrey Bell, policy director of the American Principles Project; Monetary Policy expert Rich Danker, Project Director of Economics at American Principles Project; Forbes columnist Charles Kadlec; analyst Christopher K. Potter, President of Northern Border Capital Management; conservative leader Frank Cannon, President of the American Principles Project; RealClearMarkets editor John Tamny; and Frank Trotta, President of the Lehrman Institute.

About The Lehrman Institute

The Lehrman Institute is dedicated to public policy, educational and historical research. It was founded in 1972 by Lewis E. Lehrman. The Lehrman Institute has sponsored a wide range of research and discussion in the fields of economics, historical research, foreign policy, and urban policy. TheGoldStandardNow.org is a news and commentary aggregator focused on domestic and international monetary policy issues.

 

Kathleen M. Packard, Publisher
Ralph J. Benko, Editor

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