America’s Roundtable: Dr. Steve Hanke – The US Economy, Money and Monetary Policy

Dr. Steve Hanke lays down the main cause of the financial and economic crisis that spread around the world. Dr. Hanke explains the inadequate inflation targeting in the US taking into account just the consumer price index while exempting asset and commodity prices (such as housing and gas prices), discusses USD-EUR exchange rate and relevant price fluctuations. We discuss Dr. Hanke’s article published in the August 2012 issue of Globe Asia under the title, “Money, Where’s the Money?” www.cato.org www.thejakartaglobe.com Further reading: www.cato.org Events: “Greed, Irresponsibility, or Policy Mistakes: What Caused the Recession?,” February 5, 2010 [Capitol Hill Briefing] Link: www.cato.org Dr. Steve Hanke’s biography: Steve H. Hanke is a Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. Prof. Hanke is also a Senior Fellow at the Cato Institute in Washington, DC; a Distinguished Professor at the Universitas Pelita Harapan in Jakarta, Indonesia; a Senior Advisor at the Renmin University of China’s International Monetary Research Institute in Beijing; a Special Counselor to the Center for Financial Stability in New York; a member of the National Bank of Kuwait’s International Advisory Board (chaired by Sir John Major); a member of the Financial Advisory Council of the United Arab Emirates; and a contributing editor at Globe Asia Magazine. In …