Steve Hanke, professor of applied economics at the Johns Hopkins University in Baltimore and a senior fellow at the Cato Institute in Washington DC, has been an advisor with cabinet rank to nine countries, most notably Indonesia, and is currently a member of the Financial Advisory Council in the United Arab Emirates. He was also a senior economist on former US president Ronald Reagan's Council of Economic Advisers, and served as a senior adviser to the Joint Economic Committee of the US Congress.
In the following article, Hanke argues that Indonesia could lower interest rates by introducing a currency board system, and warns that leading policymakers in the US have a poor track...
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