Steve H. Hanke is a Professor of Applied Economics at The Johns Hopkins University in Baltimore, and a Senior Fellow at the Cato Institute in Washington, D.C. In the past, Prof. Hanke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He has held many public positions, including President Reagan’s Council of Economic Advisers, and positions in Europe, Latin America and Asia. Prof. Hanke is known as one of the world’s experts on currency boards and hyperinflation. In that connection, he holds six honorary doctorates and was named one of the twenty-five most influential people in the world in 1998 by World Trade Magazine. Prof. Hanke is a well-known currency and commodity trader. During his tenure as President of Toronto Trust Argentina in Buenos Aires, the fund was distinguished as the world’s best-performing emerging market mutual fund in 1995.