13. Steve Hanke - And then, there is the 95% Rule

In this episode of Utility + Function, Matthew sits down with world-renowned economist, Prof. Steve Hanke, at his offices at Johns Hopkins University. Prof. Hanke is a leading expert on currency boards, measuring and stopping hyperinflation, privatization, currency and commodity trading, as well as water resource economics. He has advised heads of state, public and private institutions, and U.S. presidents on these issues for several decades. Dr. Hanke is a Professor of Applied Economics and Founder & Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University. He is also a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute, a Senior Advisor at the Renmin University of China’s International Monetary Research Institute, and a Special Counselor to the Center for Financial Stability. As a senior economist on President Reagan’s Council of Economic Advisers, he led a team of economists in re-writing the federal government’s Principles and Guidelines for Water and Land Related Resources Implementation Studies. Prof. Hanke was responsible for designing President Reagan’s major privatization initiatives. Prof. Steve Hanke is known for popularizing the term “privatization” and addresses in this episode how the private sector, not government, will innovate to solve the globes most pressing issues. Listen to hear his theories on carbon reduction, open free trade, and reliance on China.