Steve Hanke: Recession Is Coming—The Fed, Trump, & Wall Street Are Blind

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07/03/2025 Power & Market Steve H. Hanke

Economist Steve Hanke says a U.S. recession is almost inevitable, and warns that the Fed, Wall Street, and Donald Trump are all looking in the wrong direction. In this sharp, wide-ranging interview with James Connor, he explains why ignoring money supply is a fatal flaw in today’s policy and why the economy may be headed for a major contraction.

Steve Hanke is a Distinguished Senior Scholar at the Mises Institute and a Professor of Applied Economics at the Johns Hopkins University. He can be followed on X @steve_hanke.

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Meet the Writer

Steve H. Hanke

Steve Hanke is a Distinguished Senior Scholar at the Mises Institute and a Professor of Applied Economics at the Johns...

An Interview with Steve H. Hanke on His Life and Work in Economics

07/18/2025 Articles of Interest Steve H. Hanke

Hanke is Professor of Applied Economics at The Johns Hopkins University. His work is on the economics of water, natural resources, privatization, currency boards, dollarization, and finance. He has been a market commenter, and economic adviser to presidents and prime ministers.

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