‘US monetary policy is abnormal and deviant’: Steve Hanke profile

Government adviser of 30 years’ standing; academic; currency and commodity investor; published author: Steve Hanke has a long and varied CV. He talks at length about what he sees as irresponsibility on the part of the US Federal Reserve, and his run-in with former president Bill Clinton

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Hanke: Fed actions have choked wholesale market

To some observers, the US Federal Reserve has got pretty much all the big calls right since the financial crisis; whether injecting liquidity into the financial sector to prevent a systemic meltdown, making emergency loans to individual institutions, introducing quantitative easing, or adopting a near zero interest rate policy.

But while others praise, Steve Hanke, professor of applied economics at the Johns Hopkins University in Baltimore and a senior fellow at the Cato Institute in Washington

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