Hedgeye Podcasts Hedgeye Investing Summit Spring 2026 | Steve Hanke, Prof. of Applied Economics
Apr 30, 2026
Steve Hanke, Professor of Applied Economics at Johns Hopkins and noted monetary economist, offers a brisk tour of geopolitics and money. He links money-supply dynamics to inflation. He examines Iran and the Strait of Hormuz, compares historical monetary episodes, and warns about fiscal solvency and geopolitical shocks to growth and oil markets.
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Episode notes
Zoom Glitch Delayed Steve Hanke's Start
- Steve Hanke attributes his late reconnection to Zoom headaches that delayed his start on the call.
- He opens by apologizing 'Zoom was giving me all kinds of headaches' before launching into the interview.
Trump's Roy Cohn Playbook Shapes Foreign Policy
- Donald Trump's playbook follows Roy Cohn's three rules: attack, deny, and proclaim victory.
- Steve Hanke argues this approach seeks rhetorical wins like claiming the Strait of Hormuz is controlled, not substantive diplomatic solutions.
Strait Geography Gives Iran Lasting Leverage
- Geography gives Iran enduring leverage over the Strait of Hormuz, so control there creates persistent oil-market risk.
- Hanke suggests a Montreux-style convention where Iran could charge transit fees, citing the 1936 precedent for the Bosphorus and Dardanelles.
