Steve H. Hanke is a Professor of Applied Economics and Co-Director of the Institute for Applied Economics and the Study of Business Enterprise at The Johns Hopkins University in Baltimore; Senior Fellow at the Cato Institute in Washington, D.C.; a member of the International Advisory Board of the National Bank of Kuwait; Chairman Emeritus of the Friedberg Mercantile Group, Inc. in Toronto; a Principal at Chicago Partners, LLC in Chicago; and a columnist at Forbes magazine. He served as a Senior Economist on President Reagan’s Council of Economic Advisors in 1981-82 and as an advisor to many countries, including Albania, Kazakhstan, Indonesia, Venezuela and Yugoslavia. He also played an important role in the design or implementation of currency reforms in Argentina, Estonia, Lithuania, Bulgaria, Bosnia-Herzegovina, Montenegro and Ecuador. He is a well-known currency and commodity trader and currency reformer. In 1995 he presided over the world’s best-performing emerging market mutual fund and in 1998 was named one of the twenty-five most influential people in the world. Dr. Hanke and his wife, Liliane, reside in Baltimore and Paris.