Hanke's views on monetary policy are influenced by his experience as a currency and commodities trader, as well as by the economics of Milton Friedman, Robert Mundell, and Friedrich Hayek. Hanke is a proponent of Divisia monetary aggregates, originated by William A. Barnett of the University of Kansas and the Center for Financial Stability. Barnett's derivation uses the Divisia quantity index formula of  Francois Divisia with the monetary-assets user-cost-price formula derived by Barnett (1980). Hanke also favors broad monetary aggregates as articulated by economists, including Tim Congdon. Hanke argues that changes in nominal national income are a function of changes in broad money aggregates.