The Latest Breaking News from Steve Hanke

"When France tells you that your industrial policy’s over the top, and worse than theirs, you know you’re in trouble," Steve Hanke tells Fortune.

The Fed chair’s “long way to go” concept is wrongheaded, because at the current clip, inflation is already running near the Fed’s target, say two top economists.

The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.

Zimbabwe’s gold-backed digital currency comes a year after it launched gold coins to stabilise its devaluing currency.

Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year. "The Fed is doing a bad job because they don't…